Bo Dietl: Wild moments in 'Wolf of Wall Street' really happened

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Was 'The Wolf of Wall Street' over-sensationalized?

Bo Dietl on appearing in the film

This is a rush transcript from "Your World," January 16, 2014. This copy may not be in its final form and may be updated.

(BEGIN VIDEO CLIP, "THE WOLF OF WALL STREET")

(MUSIC)

(END VIDEO CLIP)

NEIL CAVUTO, HOST: The whole movie is like that. You when you show highlights, and you say, it's only -- no, that's pretty much the whole movie.

Five Oscar nods, though, and no doubt "Wolf" is very hot, but, overseas, not so much, with the profanity- and sex-filled film reportedly banned or censored in some foreign markets.

To former NYPD Detective Bo Dietl, who appears in "The Wolf of Wall Street."

Here's how dumb I was, maybe am. I had no idea when I went to see this film that Bo was in it. And imagine my surprise.

You're in it a lot. It was a big deal.

BO DIETL, CHAIRMAN & CEO, BEAU DIETL AND ASSOCIATES: I was there.

(CROSSTALK)

CAVUTO: You actually did security for the guy.

DIETL: Our company, Beau Dietl Associates, was hired by Jordan Belfort.

What happened when they were making all these...

CAVUTO: The Leonardo DiCaprio character, right?

DIETL: Right, Jordan Belfort, the Leonardo DiCaprio -- and hands down, he should win the Academy Award.

He played the biggest creep. Nobody could play this creep better than Leonardo DiCaprio.

CAVUTO: Do you feel that, yes, nice that he got an Oscar nomination and the movie got four others, but the Academy forgot you?

DIETL: I think they forgot me as best supporting actor. I think I was -- I should be considered.

CAVUTO: You should be offended. You should be offended.

DIETL: And I think that Mr. Scorsese knew who he picked. And, in reality, he actually used my name. And I'm the only one in the movie that actually was there during that time.

And a lot of that stuff really happened. About him falling asleep in the macaroni, that happened. We had to pick his head out of the macaroni.

CAVUTO: All right. Did all the stuff -- I don't want to give it away to the people who haven't seen it. And a lot of people are offended by it. You have heard all the dustup over the 500-plus uses of the F-bomb.

DIETL: Yes. Yes. I think I used it four times -- five times, I used the word, the bad word.

CAVUTO: Yes, you did.

DIETL: Yes.

CAVUTO: But -- but I'm wondering if this changes now, and Hollywood says, well, this is the way to go, and this represents the reality of the time.

The question I'm going to ask you that was asked of Martin Scorsese, did you overplay it? Did you oversensationalize it? You were there. Did...

DIETL: No.

Mr. Scorsese -- and I will call him mister -- and I was very fortunate to do "Goodfellas" with him. And I think he's the greatest director and I think also Leonardo is the greatest actor, because he was able to translate himself into this. He got -- he gets into the character.

CAVUTO: He really got into the role.

DIETL: He really gets into character.

You didn't -- you didn't see what was going on. It was going crazy. He had duffel bags of money passing forward back and forth.

CAVUTO: So, you did security for this guy.

DIETL: Right.

CAVUTO: Right?

DIETL: Rocco Day and Rocco Night, real guys that worked for us.

CAVUTO: Did you have any idea that this guy was just a crook?

DIETL: No.

I used to say to him, because he'd have a big party every Friday at Millie's out on Long Island. And everybody was cashing in. And I'm standing there. I said, hey, Jordan, everybody is making cash except me. And he said, you and my father, stay out of it. This is what he said. He kept me out of it from doing it, because I would have put some cash up to make some money.

CAVUTO: But you knew that the money that was paying you was really questionable funds later on, right?

(CROSSTALK)

DIETL: I did not know what they were doing illegal. I thought they were paying their taxes. I knew they were bringing these stocks up.

CAVUTO: Yes.

DIETL: It would come out at $2. They would sell it at $14, $16 and have a big party, but grandma left holding the bag.

I did not know criminally really what they were doing. My job was to protect him against himself a lot of times.

CAVUTO: Yes.

DIETL: When the garage door came down, that scene when he crashes the car with his wife...

CAVUTO: Right.

DIETL: ... in reality, Rocco Day put the garage door down. He was so stoned on Quaaludes, he was going to kill his wife, Nadine, if Rocco...

(CROSSTALK)

CAVUTO: All right. We're getting lost in the subject.

(CROSSTALK)

CAVUTO: And people will have to see the movie.

DIETL: Yes.

CAVUTO: But a lot of people don't want to see the movie because of all the violence and everything else.

DIETL: Nudity.

CAVUTO: And, abroad, they are not allowing folks to see it. Do you think it taints people's view? Is it a fair view?

DIETL: Well, here's what I'm getting from all my friends from the Wall Street. What a garbage movie. It makes everybody in Wall Street look like thieves.

It doesn't make everyone look like thieves.

CAVUTO: Just most.

(LAUGHTER)

DIETL: It's just the ones that were using this penny stock pump-and-dump action.

CAVUTO: Right.

DIETL: And it is what it is.

And all that stuff that you see about Europe and the boat, that boat split in half. It was called the Nadine off of Sardinia.

CAVUTO: Wow.

DIETL: It broke in half.

And this little creep wanted to take the helicopter off the boat and leave everybody on the boat. He was not a nice guy.

CAVUTO: I admire that, actually.

DIETL: What, you admire him?

CAVUTO: It's a great movie. And you did a great job.

DIETL: Well, do you think that I should have been nominated for best supporting actor?

CAVUTO: I do. I do. At the very least, get a ticket to the Oscars.

DIETL: Well, let me tell you something.

CAVUTO: All right. Well...

DIETL: I may be at that Oscar. I want to go out there for...

(CROSSTALK)

CAVUTO: Well, if you're not at that Oscar, I'm going to -- I'm just protesting.

DIETL: I'm going to ask Marty to get a couple of tickets.

CAVUTO: Bo Dietl, the Oscar winner for best private eye.

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