Wall St. ‘Wolf’ hits fellow slime as cheap-o
THE WOLF OF WALL Street huffed and puffed to federal investigators that he’s trying his darndest to pay back the investors he swindled in the 1990s — but his former partner-in-crime isn’t.
Jordan Belfort, the pumpand-dump stock schemer whose over-the-top lifestyle was turned into a blockbuster film starring Leonardo DiCaprio, griped that his old pal Danny Porush doesn’t do enough to pay down the restitution for their crimes.
“I’m one of the only guys who wants to pay back people,” Belfort told the feds, according to a transcript of the September deposition.
“Maybe you should ask Danny Porush who pays $1,000 a month and was making $10 million a year, almost twice as much as me.”
Belfort and Porush pleaded guilty in 1999 to securities fraud and money laundering for their roles in a penny stock scheme at Stratton Oakmont, the brokerage firm they ran. Porush was played by Jonah Hill in the 2013 Martin Scorsese flick titled “The Wolf of Wall Street.”
Belfort, normally blustery, sounded downright sheepish in the interview, during which the feds asked about the income he made from four California companies he runs with his wife and kids.
“It’s frustrating for me because every dollar (Porush) pays is one less I have to pay to the investors,” he said.
“But I’m the one knowing he doesn’t pay anything, but I’m happy to pay what I pay, because I owe it, but it would be nice if somebody else paid, too.”
Brooklyn federal prosecutors have been investigating Belfort’s assets and income in order to enforce his payments to victims.
In 2003 a judge ordered Belfort to pay $110 million to his victims. The amount of restitution now outstanding in the case stands at about $97 million.
Besides looking into his companies, the feds want to garnish referral fees and other compensation he earned from Delos Living, a company that promotes healthy building design and touts DiCaprio as a member of its advisory board.
Belfort, 55, said in a court filing that Delos ended its relationship with him in December after the government started a garnishment proceeding.
Earlier this week, the feds filed a writ of garnishment with publishing house Simon & Schuster that would require the company to hand over any money Belfort is due from his book “The Way of the Wolf.”
Belfort, who served 22 months in prison for his crimes, lamented to the feds that he had gone too easy on his kids, who drew six-figure salaries at the companies he runs.
“I wanted my kids to be working and I indulge them more than I should,” he said, according to the deposition transcript.
“They are supposed to be working and making their way. It’s my fault. So I’ll cop that one, you know.”
Belfort’s lawyer did not respond to a request for comment. Porush’s lawyer also did not respond to a request for comment.