There's a reason to celebrate this morning with the news that Martin Scorsese and Leonardo DiCaprio have decided to reunite for a fifth time on an adaptation of Jordan Belfort's autobiography, The Wolf of Wall Street: Martin Scorsese is returning to New York! The director has taken a bit of a leave of absence from his home city, but now he'll be returning as Deadline reports he and DiCaprio have agreed to make this their next film, with production set to begin this August.
The book follows Belfort's real-life story as the head of a "chop-shop" investment firm that swindled people out of their money by promising them big returns on stocks that were a sure thing ... for the investment firm, not the buyer. Belfort began his business in Manhattan before moving his entire operation, Stratton Oakmont, to Long Island, where he lived a ridiculous life full of drugs, sex, bodyguards, and complete madness.
If the story sounds familiar it's because Belfort's investment firm was said to have inspired the film Boiler Room, which also centered on a chop-shop out on Long Island full of fast-talking, money-hungry bad boys. While that focused more on an up-and-comer new to the business, Scorsese's picture will inject itself straight into the life of the man who ran the whole thing; a perfect role for DiCaprio to take on, and a fun world for Scorsese to play around in. We look forward to seeing the results in 2014. You?
Here's a description of the book from Amazon:
By day he made thousands of dollars a minute. By night he spent it as fast as he could, on drugs, sex, and international globe-trotting. From the binge that sank a 170-foot motor yacht, crashed a Gulfstream jet, and ran up a $700,000 hotel tab, to the wife and kids who waited for him at home, and the fast-talking, hard-partying young stockbrokers who called him king and did his bidding, here, in his own inimitable words, is the story of the ill-fated genius they called…
In the 1990s Jordan Belfort, former kingpin of the notorious investment firm Stratton Oakmont, became one of the most infamous names in American finance: a brilliant, conniving stock-chopper who led his merry mob on a wild ride out of the canyons of Wall Street and into a massive office on Long Island. Now, in this astounding and hilarious tell-all autobiography, Belfort narrates a story of greed, power, and excess no one could invent.
Reputedly the prototype for the film Boiler Room, Stratton Oakmont turned microcap investing into a wickedly lucrative game as Belfort’s hyped-up, coked-out brokers browbeat clients into stock buys that were guaranteed to earn obscene profits–for the house. But an insatiable appetite for debauchery, questionable tactics, and a fateful partnership with a breakout shoe designer named Steve Madden would land Belfort on both sides of the law and into a harrowing darkness all his own.
Oh, and here's our favorite scene from Boiler Room ... [warning: NSFW due to foul language]