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‘The Wolf of Wall Street’ film was also a real-life scam

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Re: ‘The Wolf of Wall Street’ film was also a real-life scam

#51

Post by malshe »

zhte415 wrote: post #16

Directly related book recommendation: Billion Dollar Whale by Tom Wright and Bradley Hope, published 2018. They book follows the founders of 1MDB, the quasi Malaysia soverign wealth fund wbhose investments included the founding of Red Granite the producers of Wolf of Wall Street, from pre-1MDB days through to it's demise. Quite quick and easy, repeats itself a bit and imho falls apart/seems rushed at the end, but a f…

I second that. It's a fantastic book. Very well written and backd by a lot of research.

Re: ‘The Wolf of Wall Street’ film was also a real-life scam

#52

Post by pnongrata »

dragonwriter wrote: post #49
throwaway2048 wrote: post #38

Earlier quoted context omitted.

There is a big difference between "Innocent" and "not guilty", and there is a reason that courts return a "Not Guilty" verdict, and not an "innocent" one. Plenty of cases fall within a hair's width of "beyond a reasonable doubt", and I very much doubt you are going to be inviting most of the people falling in that category over to meet the family, after all they are innocent until proven guilty, and likely all around…

> There is a big difference between "Innocent" and "not guilty" No, there isn't. Innocence is precisely the absence of guilt; to be innocent is to be not guilty and vice versa.

There is. Innocent means you did not commit the crime. Not Guilty, OTOH, means that the current presented evidence was not sufficient to determine that you did commit the crime, thus not meeting its burden of proof.

Re: ‘The Wolf of Wall Street’ film was also a real-life scam

#53

Post by hacknat »

Is it the responsibility of any project/startup to find out who the LPs are for a VC fund? Sometimes this information is not only inaccessible, it would be illegal for you to know. Especially in a case where - wait for it - a sovereign wealth fund might be involved.

So... call me crazy, but I don’t think Leonardo DiCaprio did anything wrong here. I’m sure he’s used to rich aholes giving him money and trying to buddy up with him all the time, why would one seem more suspicious than the others?

Re: ‘The Wolf of Wall Street’ film was also a real-life scam

#54

Post by acct1771 »

jermaustin1 wrote: post #50

Looking at Admissions/Deposits/Fees for the private English boarding school that Low went to (Harrow School), I was surprised at how "affordable" it actually is. /I/ couldn't afford it, but for the level of access you are giving your child to the world of the elite, £30k doesn't seem like its all THAT much money.

Now think about how good the buy looks to the people who are rich enough not to even consider the swipe!

Also remember: admissions...

Re: ‘The Wolf of Wall Street’ film was also a real-life scam

#55

Post by dagw »

jermaustin1 wrote: post #50

Looking at Admissions/Deposits/Fees for the private English boarding school that Low went to (Harrow School), I was surprised at how "affordable" it actually is. /I/ couldn't afford it, but for the level of access you are giving your child to the world of the elite, £30k doesn't seem like its all THAT much money.

I suspect its one of these cases where having the money is a necessary but far from sufficient criterion for getting you kids in.

Re: ‘The Wolf of Wall Street’ film was also a real-life scam

#56

Post by Nasrudith »

pnongrata wrote: post #52
dragonwriter wrote: post #49

Earlier quoted context omitted.

> There is a big difference between "Innocent" and "not guilty" No, there isn't. Innocence is precisely the absence of guilt; to be innocent is to be not guilty and vice versa.

There is. Innocent means you did not commit the crime. Not Guilty, OTOH, means that the current presented evidence was not sufficient to determine that you did commit the crime, thus not meeting its burden of proof.

Juries only rule guilty or not guilty - innocence comes up in appealing existing guilty convictions.

Re: ‘The Wolf of Wall Street’ film was also a real-life scam

#57

Post by trollied »

zhte415 wrote: post #16

Directly related book recommendation: Billion Dollar Whale by Tom Wright and Bradley Hope, published 2018. They book follows the founders of 1MDB, the quasi Malaysia soverign wealth fund wbhose investments included the founding of Red Granite the producers of Wolf of Wall Street, from pre-1MDB days through to it's demise. Quite quick and easy, repeats itself a bit and imho falls apart/seems rushed at the end, but a f…

Definitely a +1 for this book.

It's a proper page-turner. Just when you think Low has pulled off another ridiculous theft of 9 figure $ sums of cash, he does it again. And again...

Re: ‘The Wolf of Wall Street’ film was also a real-life scam

#59

Post by gnu8 »

hacknat wrote: post #53

Is it the responsibility of any project/startup to find out who the LPs are for a VC fund? Sometimes this information is not only inaccessible, it would be illegal for you to know. Especially in a case where - wait for it - a sovereign wealth fund might be involved. So... call me crazy, but I don’t think Leonardo DiCaprio did anything wrong here. I’m sure he’s used to rich a holes giving him money and trying to buddy…

Leo wanted to make his film so he didn’t ask too many questions when this guy wanted to fund it. A similar thing happened to John Delorean.

Re: ‘The Wolf of Wall Street’ film was also a real-life scam

#60

Post by toyg »

jermaustin1 wrote: post #50

Looking at Admissions/Deposits/Fees for the private English boarding school that Low went to (Harrow School), I was surprised at how "affordable" it actually is. /I/ couldn't afford it, but for the level of access you are giving your child to the world of the elite, £30k doesn't seem like its all THAT much money.

That sort of school then has all sorts of “optional but really compulsory” extra fees for things like trips abroad etc. If the sticker price is 30k per year, the actual one is probably around 40k.

For comparison, the average salary in UK is 28k before taxes.

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