05/11/2011 07:40 am ET Updated Jul 11, 2011

'Wolf Of Wall Street': Leonardo DiCaprio's Jordan Belfort Memoir Adaptation Picked Up By Red Granite

The moneymen have been found to help tell the story of a high flying money man gone bad.

"The Wolf of Wall Street," a big screen adaptation of boiler room convict Jordan Belfort's 2007 memoir, was announced earlier this year, with DiCaprio attached to star. On Tuesday, Red Granite Pictures agreed to purchase the rights to the book and finance the film, setting production in motion.

Belfort spent years in the 80's and early 90's as a Wall Street trader, racking up both millions of dollars and a serious drug addiction, before a 1994 conviction for shady trading practices that lost clients hundreds of millions.

When the film was announced in February, Martin Scorcese, DiCaprio's longtime collaborator, was attached to direct -- he originally optioned the book in 2007 -- but as of now, no filmmaker has committed to getting behind the camera.

DiCaprio will also soon star as another millionaire: the much more enigmatic Jay Gatsby a grand, potentially 3D, adaptation of "The Great Gatsby." He'll be joined by Carey Mulligan, Tobey Maguire and Isla Fisher, among others.

For more, click over to The Hollywood Reporter.