Jonah Hill has entered into negotiations to join the cast of The Wolf of Wall Street for Red Granite Pictures. We reported last month that Martin Scorsese will direct, and Leonardo DiCaprio is set to star.

The drama is based on the autobiography of Jordan Belfort (Leonardo DiCaprio), who made millions as a fraudulent stock broker operating out of Long Island. He spent 20 months in prison for his role in a massive securities fraud that involved widespread Wall Street corruption.

Jonah Hill will play Danny Porush, Jordan Belfort's best friend who convinced him to quit his menial job as a furniture salesman, and become a stock broker. The true story also served as the inspiration for the 2000 financial drama Boiler Room.

Martin Scorsese is directing from an adapted screenplay by Boardwalk Empire creator Terence Winter. Production is scheduled to begin this August in New York City.

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