Ken Griffin challenges the accuracy of his portrayal in the film “Dumb Money,” particularly regarding his art collection.
Griffin’s attorneys acknowledge their appreciation for art and commend the casting of Nick Offerman as Griffin.
However, they dispute the claim that Griffin purchased paintings by de Kooning and Picasso to keep them away from Steve Cohen. According to Griffin’s lawyers, it was actually a de Kooning and a Jackson Pollock, and the purchase had nothing to do with Steve Cohen.
The film is based on the book “The Antisocial Network” and focuses on the retail traders who rallied on Reddit’s Wall Street Bets page to drive up GameStop’s stock and squeeze the short-selling hedge funds.
Griffin, who is worth an estimated $35 billion, expressed concern about the movie perpetuating the debunked narrative of collusion between Citadel and Robinhood to halt GameStop trading. Griffin’s lawyers specifically pointed to a scene depicting him speaking with Robinhood’s CEO after the trading halt.
Sources close to the “Dumb Money” producers state that Griffin’s lawyers were working off an outdated script and that the final cut of the film does not include the scene with the conversation between Griffin and the CEO.
In addition, Griffin’s legal team complained about the exaggerated portrayal of his golfing habits in the film. They clarify that Griffin rarely plays golf and is instead depicted playing tennis.
Puck reported that Griffin had quietly opposed the film. Citadel and Sony have yet to provide comments.
Others involved in the film are perplexed by Griffin’s response. “Dumb Money” primarily focuses on the success of individual investors in the markets, not Griffin himself.
Griffin’s attorneys argue that the original script contained fabrications, and their letter prompted Sony to make corrections before the release. However, they believe the film still sensationalizes events through false implications and inaccuracies.
