Judge wants to ensure 'Wolf of Wall Street' is paying back

NEW YORK — A federal judge in New York City says she wants to make sure real-life "Wolf of Wall Street" Jordan Belfort continues to pay back the nearly $100 million he owes in restitution.

The judge told Belfort's lawyers Wednesday at a garnishment hearing that she's focused on getting his roughly $97 million investor restitution "back on track" almost 20 years after his conviction. The Daily News reports Belfort pleaded guilty to securities fraud and money laundering in 1999.

Belfort has so far paid off about $13 million of an owed $110 million in restitution.

His attorney says she's happy to get Belfort on a compensation schedule. He did not appear in court for the hearing.

Belfort was the subject of the 2013 film "The Wolf of Wall Street" starring Leonardo DiCaprio.

You may also like these

Australia reveals pre-poll plan to balance budget...

May 8, 2018

Australia reveals pre-poll plan to balance budget in 2 years while cutting taxes

Australian Senate to vote in June on corporate...

May 28, 2018

The Australian government has announced the Senate will vote in June on cutting corporate tax rates...

Qantas bends to Beijing by describing Taiwan as...

Jun 5, 2018

Australia's foreign minister has expressed concern at Qantas Airways' decision to describe Taiwan...

Asian stocks mostly higher after Wall Street...

Aug 17, 2016

Asian stock markets were mostly higher Wednesday after Wall Street declined

Obama's Asian pivot leaves closer ties, new...

Sep 3, 2016

As Barack Obama embarks on what is likely to be his final trip to Asia as the American president,...

Search
Financial Markets

About Us

Established in 2015, The Upstocker provides insights on financial reports, commentary, and investment data to traders so that you can make better investment decisions.

Contact us: sales[at]theupstocker.com

Subscribe Now!