From a showy way of living in the 1990s to a crime conviction as the decade drew to a close and a new life as an inspirational speaker, the story of Jordan Belfort is perhaps one of the most studied stories of Wall Street gone wrongâ€"-and ways to make it right.
Born in July, 1962, Jordan Belfort was the child of Max and Leah Belfortâ€"-Jewish accountants living in the Bronx and later Manhattan. Max Belfort was a major influence in Jordan's life, even going on to become the Director of one of the most successful, opulent and ultimately fraudulent Wall St agents, Stratton Oakmont.
Jordan Belfort studied to be a dentist, but dropped out of college to make his fortune. After a number of years of working small sales jobs, he seemed to make a fast, profitable and probably illegal practice of brokering in low priced shares. As his operation expanded, he quickly scaled up his operation to make Stratton Oakmont, a scandalous boiler room company that is claimed to have deceived investors of over $200 million. Belfort's company finalised the plan of selling big quantities of penny stocks and shares to unsuspecting bankers, artificially inflating their price and then selling them for a profitâ€"-often named as a 'pump and dump' schemeâ€"-earning him over $50 million a year. Belfort is perceived as the inventor of this plan that's considered by researchers and finance corporate executives to be the predecessor to the modern Ponzi scheme. At the pinnacle Stratton Oakmont employed over a thousand brokers dealing in stock worth over one bln bucks.
Belfort's illegal empire directly came under the scanner of the Monetary Crimes Unit of the Fed Bureau of Enquiry and the office of the Alabama Stocks Commissioner. He was found guilty of the white-collar crime and served almost 2 years in Fed prison for cash laundering and stocks crime. In prison, he wrote the manuscript of what would be his hottest 2008 book, 'The Wolf of Wall Street' and in 2009 wrote a chase up titled 'Catching the Wolf of Wall Street'. As one part of his sentence, he was ordered to pay over $110 million of the money he had gained in fake trading. In 2013, he was charged with being tardy in meeting his amendment commitments and is proclaimed to be looking for deadening from the adjudication that ordered him to reimburse 50% of the money he took from backers.
Today, Jordan Belfort is an author, expert and inspiring speaker who has written about the import of company ethics in several American and worldwide papers and magazines. Through his firm Straight Line, Belfort trains and educates corporate executives about the way to use high-return sales systems to generate wealth in a moral demeanour. He also speaks at some of the most celebrated CXO-level meetings and conventions around the world. His life has been portrayed by Leonardo DiCaprio in the 2013 film 'The Wolf of Wall Street'.
Born in July, 1962, Jordan Belfort was the child of Max and Leah Belfortâ€"-Jewish accountants living in the Bronx and later Manhattan. Max Belfort was a major influence in Jordan's life, even going on to become the Director of one of the most successful, opulent and ultimately fraudulent Wall St agents, Stratton Oakmont.
Jordan Belfort studied to be a dentist, but dropped out of college to make his fortune. After a number of years of working small sales jobs, he seemed to make a fast, profitable and probably illegal practice of brokering in low priced shares. As his operation expanded, he quickly scaled up his operation to make Stratton Oakmont, a scandalous boiler room company that is claimed to have deceived investors of over $200 million. Belfort's company finalised the plan of selling big quantities of penny stocks and shares to unsuspecting bankers, artificially inflating their price and then selling them for a profitâ€"-often named as a 'pump and dump' schemeâ€"-earning him over $50 million a year. Belfort is perceived as the inventor of this plan that's considered by researchers and finance corporate executives to be the predecessor to the modern Ponzi scheme. At the pinnacle Stratton Oakmont employed over a thousand brokers dealing in stock worth over one bln bucks.
Belfort's illegal empire directly came under the scanner of the Monetary Crimes Unit of the Fed Bureau of Enquiry and the office of the Alabama Stocks Commissioner. He was found guilty of the white-collar crime and served almost 2 years in Fed prison for cash laundering and stocks crime. In prison, he wrote the manuscript of what would be his hottest 2008 book, 'The Wolf of Wall Street' and in 2009 wrote a chase up titled 'Catching the Wolf of Wall Street'. As one part of his sentence, he was ordered to pay over $110 million of the money he had gained in fake trading. In 2013, he was charged with being tardy in meeting his amendment commitments and is proclaimed to be looking for deadening from the adjudication that ordered him to reimburse 50% of the money he took from backers.
Today, Jordan Belfort is an author, expert and inspiring speaker who has written about the import of company ethics in several American and worldwide papers and magazines. Through his firm Straight Line, Belfort trains and educates corporate executives about the way to use high-return sales systems to generate wealth in a moral demeanour. He also speaks at some of the most celebrated CXO-level meetings and conventions around the world. His life has been portrayed by Leonardo DiCaprio in the 2013 film 'The Wolf of Wall Street'.
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