• Business
    The Wrap

    ‘Wolf of Wall Street’ Subject Jordan Belfort Slaps Production Company With $300 Million Fraud Suit

    Jordan Belfort, who served as the inspiration for the hit 2013 film “Wolf of Wall Street,” is suing the production company behind the film for $300 million, saying they lied to him when he first agreed to sell them his rights.In the lawsuit, Belfort states Red Granite Productions co-founder Riza Aziz represented the company as a “legitimate and legally funded film production company.” Belfort says he relied on that representation when he agreed to make the deal with Red Granite, which eventually released “Wolf of Wall Street” in 2013. The film made over $300 million at the box office.Belfort alleged that after the film’s release, he learned that Red Granite was not, in fact, “legitimately or legally funded when they acquired Belfort’s rights.” He says he was “blindsided” to learn about the true source of the company’s funding — Aziz has been accused of laundering $248 million into Red Granite — and says Red Granite and Aziz “concealed these criminal acts and funding sources from him.”Also Read: 'The Wolf of Wall Street' Producer Riza Aziz Charged With 5 Counts of Money Laundering in Malaysia“Had he known,” the lawsuit states, “he certainly would have never sold the rights.”In the lawsuit, Belfort says Red Granite has “tainted” his rights going forward and has failed to maximize those rights due to the highly-publicized scandal.Belfort is suing for fraud, negligent misrepresentation, violation of the RICO Act, breach of contract and breach of the covenant of good faith and fair dealing. He is seeking $300 million in damages and wants his deal with Red Granite voided.Matthew L. Schwartz of Boies Schiller Flexner, an attorney for Red Granite, tells TheWrap, “Jordan Belfort’s lawsuit is nothing more than a desperate and supremely ironic attempt to get out from under an agreement that for the first time in his life made him rich and famous through lawful and legitimate means.”Pamela Chelin contributed to this report.Read original story ‘Wolf of Wall Street’ Subject Jordan Belfort Slaps Production Company With $300 Million Fraud Suit At TheWrap

  • World
    Associated Press

    China expands lockdowns to 25M people to halt viral outbreak

    China broadened its unprecedented, open-ended lockdowns to encompass around 25 million people Friday to try to contain a deadly new virus that has sickened hundreds, though the measures' potential for success is uncertain. At least eight cities have been shut down —- Wuhan, Ezhou, Huanggang, Chibi, Qianjiang, Zhijiang, Jingmen and Xiantao — all in central China's Hubei province, where the illness has been concentrated. In Wuhan, where the lockdown began early Thursday, normally bustling streets, malls and other public spaces were eerily quiet.

  • Politics
    The Daily Beast

    Tucker Carlson and Devin Nunes: Vindman Should Just ‘Go Work in Ukraine’

    Hours after Sen. Marsha Blackburn (R-TN) questioned Lt. Col. Alexander Vindman’s patriotism, Fox News host Tucker Carlson and Rep. Devin Nunes (R-CA) called on the National Security Council official and Purple Heart recipient to be booted from his position and “go work in Ukraine.”During a broadcast that largely ignored the live impeachment proceedings taking place, Carlson devoted an “investigative” segment to the Iraq War veteran after House impeachment managers referenced Vindman’s testimony throughout Thursday’s Senate trial. Why, Carlson asked, was Vindman still serving on the White House National Security Council as a Ukraine and Russia expert?Before bringing Nunes on his primetime show Thursday night, the Fox News star complained that Vindman testified against his boss and acknowledged that “a foreign power keeps trying to recruit him,” wondering “how could someone like that keep his job.”Nunes, who has found himself personally embroiled in the Ukraine scandal, grumbled that the National Security Council has become bloated in recent years and is now filled with too many holdovers from the Obama administration. He then took aim at Vindman.“Vindman, the guy, you know, he served his country, that’s great,” Nunes said. “He wants to be called lieutenant colonel, that’s fine. His brother is also there as a lawyer. So all of these people colluded and coordinated with the whistleblower.”After claiming that Vindman and the whistleblower at the heart of Trump’s impeachment were coordinating with House Intelligence Committee Chairman Adam Schiff (D-CA), Nunes said all Obama holdovers need to be purged from the NSC.“Like, if you were there and worked for Obama and you were a holdover, just, you know, get a used building somewhere on the other side of the Potomac,” the pro-Trump congressman groused. “Just get them out of there. They have done so much damage to the presidency.”Carlson then took the opportunity to resurrect the dual-loyalty smears that were directed at Vindman during his House testimony in November.“Why not just say, ‘Mr. Vindman and your lawyer brother, take a hike,’” Carlson fumed. “They are not in control of the government. It’s not their government.”“No one elected Mr. Vindman to anything or his lawyer brother or any of these people,” he continued. “The government exists for our benefit and it’s not working. And so why is it so hard to do that? I honestly don’t understand. Having spent my life here, I don’t understand that.”“Look, I have no idea,” Nunes replied. “That’s why I think I gave them very good advice, which is there is plenty of empty buildings, look, thank you for your service. Just get off the premises because they do nothing but spy on them.”“Go work in Ukraine,” Carlson added.Read more at The Daily Beast.Get our top stories in your inbox every day. Sign up now!Daily Beast Membership: Beast Inside goes deeper on the stories that matter to you. Learn more.

  • Business
    Reuters

    Exclusive: Malaysia to buy more Indian sugar to resolve palm oil spat - sources

    Malaysia's top sugar refiner said it will increase purchases of the commodity from India, which according to two sources is part of efforts to placate New Delhi amid an ongoing spat over palm oil imports. MSM Malaysia Holdings Berhad will buy 130,000 tonnes of raw sugar from India worth 200 million ringgit ($49.20 million) in the first quarter, the company told Reuters. It bought around 88,000 tonnes of raw sugar from India in 2019.