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Beyond Today

How did dirty money fund The Wolf of Wall Street?

Beyond Today

BBC

News

4.61.1K Ratings

🗓️ 22 October 2019

⏱️ 20 minutes

🧾️ Download transcript

Summary

In a court case that is gripping Asia, a Malaysian wealth fund is accused of robbing the country of $3.5 billion US dollars. It is the world’s biggest white-collar heist involving government corruption at the highest level, an abuse of power and international money laundering. It's also a case that drags in one of the most successful Hollywood movies of all time: The Wolf of Wall Street, a Martin Scorsese and Leonardo DiCaprio film about corruption and multimillion-dollar theft. Investigators in Malaysia and the United States are still piecing together exactly what happened, and so far no one has been found guilty. We speak to Tom Wright from the Wall Street Journal who has spent years investigating the story and Alex Ritman of The Hollywood Reporter.

Transcript

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0:00.0

BBC Sounds, music radio podcasts.

0:05.0

Hello, I'm Matthew Price.

0:08.0

This is Beyond Today from BBC Radio 4.

0:11.0

Every day we ask one big question about one big story.

0:15.0

Today how did Dirty Money finance the Wolf of Wall Street?

0:27.0

There's a court case that is gripping Asia right now. It centers around a former

0:35.6

Prime Minister accused of money laundering and of siphoning off millions of

0:39.3

dollars. In total in fact they say one billion dollars it's a massive case that drags in one of

0:46.8

the most successful Hollywood movies of all time the wolf of Wall Street the

0:51.2

Martin Scorsese and Leonardo DiCaprio tale of, well, corruption and theft of millions of dollars.

1:00.0

Now investigators in Malaysia and the United States are still trying to piece together exactly what happened,

1:05.6

but some of the biggest global financial companies are also thought to have got caught up in all this.

1:11.6

So far no one has been found guilty and all the main players you're about to hear about say that they did nothing wrong.

1:18.0

The person who perhaps knows more than most about this is a guy called Tom Wright, after years of investigating it for the Wall Street Journal.

1:25.8

He's just appeared in a Storyville documentary on I Player.

1:29.6

He says, he's seen the evidence that blows the lid on this whole thing and it starts in a weird place

1:37.1

with a young Malaysian party boy called Joe Lowe.

1:41.3

For his 31st birthday party in 2012, he hires a vacant lot just off the Las Vegas Strip,

1:50.9

and he invites everybody from Hollywood.

1:53.0

Leonardo DiCaprio DiCapria was there,

2:00.0

Martin Scorsese was there,

2:02.0

Kim Kardashian was there, Farel,

...

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