Wolf Of Wall St. Seizure
Please visit our sponsor.
$6B missing, Martin Scorsese and Leonardo DiCaprio cooperated and are not subjects of investigation
On the cover:
Capitalism is an economic system based on private ownership of the means of production and the creation of goods and services for profit. Central characteristics of capitalism include private property, capital accumulation, wage labor and competitive markets.
One of the biggest asset seizures in US history
In one of the biggest asset seizures in United States history, Federal prosecutors are expected to file civil lawsuits against The Wolf of Wall Street producer and financier Red Granite Pictures.
The Malaysian fund was supposed to help the country’s economy, but according to the F.B.I., the money was instead pumped into real estate in New York and Los Angeles — Aziz reportedly spent US$50 million on two homes — and later used to fund Martin Scorsese and Leonardo DiCaprio’s box office smash hit, The Wolf of Wall Street, which grossed nearly US$400 million worldwide in 2013.
Reportedly, US$6 billion went missing from the 1MDB fund, which was overseen by Malaysian Prime Minister Najib Razak.
It’s not the only drama Wolf of Wall Street is facing this year. In January, a judge ordered DiCaprio to give a deposition in a civil lawsuit over the portrayal of one of the film’s real-life bankers.
DiCaprio’s Appian Way banner was also a producer on The Wolf of Wall Street, which tells the story of Wall Street criminal and ex-banker Jordan Belfort, though neither Appian Way nor Scorsese are subjects of the F.B.I.’s investigation.
In addition to The Wolf of Wall Street, Red Granite produced Dumber and Dumber To, Daddy’s Home, and Out of the Furnace.
Back in 2011, when Red Granite launched at the Cannes Film Festival, Aziz and its founders spent millions on a lavish private party along the beach for DiCaprio and producers of the film, which featured performances by Kanye West and Pharrell Williams in a tent surrounded by supermodels.
Riza Aziz background
Riza Aziz (born Riza Shahriz Bin Abdul Aziz) is film producer, and co-founder and chairman of Red Granite Pictures, a Los Angeles-based film production company.
Riza holds a BS degree in Government & Economics and an MS in Politics from the London School of Economics. He is also a registered authorized person with the UK Financial Services Authority.
In 2010, with producing partner Joey McFarland, Aziz co-founded Red Granite Pictures, an American film finance, development, production and distribution company. Aziz serves as both a producer and Chairman for the independent company and started its slate with the hit romantic comedy, Friends with Kids Written and directed by Jennifer Westfeldt, Friends With Kids also stars John Hamm, Adam Scott, Kristen Wiig, Maya Rudolph and Chris O'Dowd.
In 2012, following the success of Friends With Kids, Aziz went on to executive produce the dramatic thriller, Out of the Furnace, starring Christian Bale, Casey Affleck, Zoe Saldana, and Forest Whitaker. Scott Cooper of Crazy Heart directed the feature which was released on December 6, 2013. Aziz followed up Out of the Furnace with the highly anticipated film The Wolf of Wall Street. The Wolf of Wall Street is based upon Jordan Belfort's best-selling novel of the same name and was adapted into a screenplay by Terence Winter. The film starred Leonardo DiCaprio, Margot Robbie, Jonah Hill, and was directed by Martin Scorsese. The film was released on December 25, 2013. The film is banned in his native country, Malaysia. The Wolf of Wall Street has achieved tremendous box office success and critical acclaim - including a Golden Globe win for Best Actor in a Motion Picture Comedy for star Leonardo DiCaprio and five Academy Award nominations including Best Picture, Best Actor and Best Director.
Also in 2013, Aziz completed production on Horns, a supernatural thriller starring Daniel Radcliffe, Juno Temple and directed by Alexandre Aja. The film is based on the best-selling novel by Joe Hill and was released in 2014 by Dimension-RADiUS. Aziz is also a producer on the sequel Dumb and Dumber To, directed by Pete and Bobby Farrelly. The film features Jim Carrey and Jeff Daniels reprising their roles, Lloyd Christmas and Harry Dunne, and was released on November 14, 2014 by Universal Pictures and opened number one at the box office. Paramount Pictures and Aziz's production company Red Granite Pictures in association with Gary Sanchez Productions are currently in production on the Will Ferrell and Mark Wahlberg comedy Daddy's Home. Red Granite Pictures will co-produce and co-finance the film, which Paramount Pictures will distribute worldwide. Aziz's development slate includes The Brigands of Rattleborge and The General. The Brigands of Rattleborge, blacklist's number 1 script of 2006, is a western revenge story and The General is a gritty look at the story of George Washington.
In 2011, Variety named Aziz to their list of Top 10 Producers to Watch.
Riza Aziz is stepson of the 6th Prime Minister of Malaysia Najib Razak. As of September 2015 the US Department of Justice was investigating property transactions carried out by Aziz, related to his step-father's role in the 1MDB scandal in Malaysia. The details continue to develop.
Wire Service, : Periodically, AND Magazine will reprint a wire service or news agency editorial. If so, the source is credited on the editorial and any changes are typically noted therein. A news agency is an organization that gathers news reports and sells them to subscribing news organizations, such as newspapers, magazines and radio and television broadcasters. A news agency may also be referred to as a wire service, newswire, or news service. There are many news agencies around the world, but there... (more...)