Jordan Belfort, the author of two books about his life as the rapacious 'Wolf of Wall Street' and now a prominent motivational speaker, is sending mixed messages, federal prosecutors say.
The New York Times reports that Mr. Belfort is the felon whose life as a crooked, drug-addled stockbroker is portrayed by Leonardo DiCaprio in the Martin Scorsese movie released last month. He has taken to social media to defend himself after a flurry of publicity that has sometimes been unflattering. But the prosecutors who sent him to jail are not buying Mr. Belfort’s account.
The United States attorney for the Eastern District of New York said that Mr. Belfort owed $100m to investors who lost money in the 1990s doing business with Stratton Oakmont, the now-defunct Long Island brokerage firm that Mr. Belfort founded. And Mr. Belfort wants the public to know that he’s doing everything he can to make those investors whole.
'For the record, I am not turning over 50% of the profits of the books and the movie, which was what the government had wanted me to do,' he wrote on his Facebook page on December 29th, referring to his contributions to a court-ordered restitution fund. 'Instead, I insisted on turning over 100% of the profits,' he said.
Mr. Belfort added that his proceeds 'should amount to countless millions of dollars and hopefully be more than enough to pay back anyone who is still out there.'
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