is now officially attached to the film adaptation of of Jordan Belfort’s bestselling memoir that chronicles his Wall Street experiences, in which Leonardo DiCaprio is starring.
In 1987, Belfort founded one of the first “chop shop” brokerage firms, which sell non-existent equities. (The film Boiler Room exemplifies the practice.) He was sentenced to 22 months in prison for money laundering and fraud.
Now, Belfort is a motivational speaker after having been sober for 14 years. He also works with the Salvation Army and MaAfrika Tikkun, a non-governmental, non-profit organization that cares for less-fortunate children in South Africa. Belfort said in a statement, “After almost four years in development, I can’t begin to tell you how thrilled I am to finally be working with Leo and Marty on this…They’re the ultimate dream team, and it was definitely worth the wait.”
Scorcese, Alexandra Milchan and DiCaprio’s production team, Appian Way, will produce the film, written by Terry Winter (Sopranos, Boardwalk Empire).