In this undated photo provided by jordanbelfort.com, Jordan Belfort is shown. Although he insists that he’s given up lying and despite a recent fuss over his finances, isn’t hiding his money, the notorious stock swindler may never have stopped hustling. Federal prosecutors in the Brooklyn borough of New York have questioned whether Belfort has withheld book sale proceeds and other income he should be turning over as restitution for a pervious securities fraud and money laundering conviction. (AP Photo/jordanbelfort.com)
NEW YORK (AP) — Jordan Belfort insists he’s a changed man.
The old Belfort was a notorious stock swindler who squandered profits from a boiler-room, “pump and dump” scheme on cocaine, prostitutes and other excesses — a story that became basis for two memoirs and “The Wolf of Wall Street,” an upcoming movie starring Leonardo DeCaprio.
The new Belfort is a business consultant who claims he would never tell a lie and frets over recent suggestions that he may be avoiding payments on $110 million in restitution by hiding his profits from the book and movie deals.
“It’s very strange being accused of something I wouldn’t have done in a million years,” the 51-year Belfort said. “It’s so not where my head is at.”
In early October, prosecutors asked a federal judge in Brooklyn to find Belfort in default, saying he paid only $11.6 million of the $110 million he owes as restitution for a securities fraud and money laundering conviction. They have since withdrawn the request to see if a settlement can be worked out — Login to read more