‘Wolf of Wall Street’ film company to pay $60M settlement


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The manufacturing firm behind the 2013 movie “The Wolf of Wall Avenue” can pay the U.S. authorities $60 million to settle claims that it benefited from an enormous Malaysian corruption scandal.

The deal between prosecutors and Pink Granite Photos Inc. was permitted Thursday in a U.S. District Courtroom in Los Angeles.

The case was a part of an effort to get well greater than $1 billion prosecutors stated was stolen from a Malaysian-owned funding fund. The Division of Justice stated the money-laundering scheme was meant to complement top-level officers of the fund, together with some near Malaysian Prime Minister Najib Razak.

Cash was diverted from the fund to purchase properties in New York and California, a $35 million jet, artwork by Vincent Van Gogh and Claude Monet, and a $260 million yacht.

This film image released by Paramount Pictures shows Leonardo DiCaprio as Jordan Belfort in a scene from "The Wolf of Wall Street." The film was nominated for a Directors Guild award on Tuesday, Jan. 7, 2014. The winners will be announced on Jan. 25. (AP Photo/Paramount Pictures, Mary Cybulski)

Leonardo Di Caprio starred within the 2013 movie “The Wolf of Wall Avenue,” which was produced by Pink Granite Photos.

 (Paramount Photos through Related Press)

Proceeds additionally went to fund films by Pink Granite Photos, which was co-founded by the stepson of Razak.

The funds financed the Martin Scorsese-directed “The Wolf of Wall Avenue,” which starred Leonardo DiCaprio. The movie manufacturing firm stated in a press release that it was blissful to place the matter behind it so it might concentrate on filmmaking.

The case is the most important single motion the Justice Division has taken below efforts to get well international bribery proceeds and embezzled funds and a number of other different lawsuits are pending. Different international locations together with Singapore and Switzerland are conducting probes.

The Related Press contributed to this report.

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