Spacey will portray Beverly Hills high-roller Ron Levin. Elgort will play financial genius Joe Hunt and Egerton will portray tennis pro Dean Karny.
The film will follow the true story of the rise and fall of Hunt and Karny, who ran a Ponzi scheme called the Billionaire Boys Club — which collapsed when Levin’s investment turned out to be worthless. Hunt turned to murder to raise funds and was convicted in 1987 of killing Levin. Karny served as the state’s witness in the trial.
James Cox (“Wonderland”) is directing from a script he co-wrote with Captain Mauzner.
The project, produced by Holly Wiersma and Cassian Elwes, is being financed by Armory Films with its principals Tim Zajaros and Chris Lemole executive producing. Crystal Lourd, Jere Hausfater and Logan Levy will also executive produce.
Good Universe is launching international sales at the American Film Market, which opens Wednesday.
NBC aired a “Billionaire Boys Club ” miniseries in 1987 with Judd Nelson as Hunt, Ron Silver as Levin and Brian McNamara as Karny.
The news was first reported by Deadline Hollywood.