Belfort knows what it's like to try to recover a public image after going to prison for 22 months for stealing from investors. His life and financial crimes are documented in the book “The Wolf of Wall Street,” which was then turned into a Golden Globe-winning movie starring Leonardo DiCaprio, Matthew McConaughey and Margot Robbie.
In December, sources close to Weinstein reported he was planning a comeback after his public fall from grace after dozens of women accused him of using his film industry clout to sexually harass or assault them over the years.
Belfort said while “America loves comeback stories,” it seems unlikely the public or the industry would embrace Weinstein.
“I don't want to judge until the, you know, the truth comes out, because who really knows,” Belfort added.
Some brand experts say a Weinstein comeback isn’t out of the question. Rob Frankel, branding strategist and expert at Frankel & Anderson in Los Angeles, told FOX Business in 2017 many celebrities have had surprising post-scandal comebacks. He pointed to Don Imus, Martha Stewart, Kobe Bryant and Brian Williams as examples.
Opening statements began Wednesday in Weinstein’s New York City rape trial, where the possibility of life in prison looms for the once-celebrated producer now vilified as a predator by scores of women.
Weinstein’s accusers include some well-known actresses who plan to testify or attend the trial and others who are looking to the New York case for a form of justice because their allegations haven't resulted in criminal charges.
Weinstein's New York trial involves a pair of allegations: That he raped a woman in a Manhattan hotel room in 2013 and sexually assaulted a different woman in 2006.
Once the New York trial is over, Weinstein faces additional rape and sexual assault charges in Los Angeles. Those charges were filed this month as jury selection in his New York trial was getting underway.
The Associated Press and FOX Business’ Jade Scipioni contributed to this article.