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‘Wolf of Wall Street’ Told to Fork Over Profits, Judge Rules
‘Wolf of Wall Street’ Told to Fork Over Profits, Judge Rules
01 Dec 2018, 04:31 AM IST
(Bloomberg) -- Jordan Belfort, better known as the "Wolf of Wall Street," must fork over his earnings in a building-design business to help repay victims who lost $110 million in his boiler-room scams, a judge in Brooklyn, New York, ruled.
U.S. District Judge Ann Donnelly on Friday rejected Belfort’s claim that his profits from an entity called Delos Living -- a high-concept sustainability "Wellness" real-estate design business -- were protected from court garnishment for his 1,513 victims.
To contact the reporter on this story: Patricia Hurtado in Federal Court in Manhattan at pathurtado@bloomberg.net
To contact the editor responsible for this story: David Glovin at dglovin@bloomberg.net
©2018 Bloomberg L.P.
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