From a flamboyant strategy for living in the 1990s to a fraud conviction as the decade drew to a close and a new life as a uplifing speaker, the tale of Jordan Belfort is perhaps one of the most studied stories of Wall Street gone wrongâ€"-and how to make it right.
Born in July, 1962, Jordan Belfort was the boy of Max and Leah Belfortâ€"-Jewish accountants living in the Bronx and later Manhattan. Max Belfort was a significant influence in Jordan's life, even going on to become the Director of one of the most notable, opulent and ultimately fraudulent Wall St brokerage firms, 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 doubtless illegal practice of brokering in low priced shares. As his operation expanded, he quickly scaled up his operation to make Stratton Oakmont, a disgusting boiler room company that is alleged to have cheated financiers of over $200 million. Belfort's company finalised the plan of selling large quantities of penny shares to trusting financiers, artificially skyrocketing 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 scheme that's considered by analysts and finance corporate executives to be the predecessor to the modern Ponzi scheme. At the peak Stratton Oakmont employed over a thousand brokers dealing in stock worth over one billion dollars.
Belfort's illegal empire immediately came under the scanner of the Monetary Crimes Unit of the Fed Bureau of Inquiry and the office of the Alabama Securities Commissioner. He was convicted of the white-collar crime and served about 2 years in Fed prison for money laundering and instruments fraud. In jail, 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 1 part of his sentence, he was ordered to pay over $110 million of the cash he had gained in fake trading. In 2013, he was charged with being tardy in meeting his amendment commitments and is proclaimed to be hunting for alleviation from the adjudication that ordered him to repay 50% of the money he took from speculators.
Today, Jordan Belfort is an author, specialist and inspiring speaker who has written about the import of corporate ethics in several American and global 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 manner. He also speaks at some of the most prestigious CXO-level meetings and conventions around the globe. 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 boy of Max and Leah Belfortâ€"-Jewish accountants living in the Bronx and later Manhattan. Max Belfort was a significant influence in Jordan's life, even going on to become the Director of one of the most notable, opulent and ultimately fraudulent Wall St brokerage firms, 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 doubtless illegal practice of brokering in low priced shares. As his operation expanded, he quickly scaled up his operation to make Stratton Oakmont, a disgusting boiler room company that is alleged to have cheated financiers of over $200 million. Belfort's company finalised the plan of selling large quantities of penny shares to trusting financiers, artificially skyrocketing 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 scheme that's considered by analysts and finance corporate executives to be the predecessor to the modern Ponzi scheme. At the peak Stratton Oakmont employed over a thousand brokers dealing in stock worth over one billion dollars.
Belfort's illegal empire immediately came under the scanner of the Monetary Crimes Unit of the Fed Bureau of Inquiry and the office of the Alabama Securities Commissioner. He was convicted of the white-collar crime and served about 2 years in Fed prison for money laundering and instruments fraud. In jail, 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 1 part of his sentence, he was ordered to pay over $110 million of the cash he had gained in fake trading. In 2013, he was charged with being tardy in meeting his amendment commitments and is proclaimed to be hunting for alleviation from the adjudication that ordered him to repay 50% of the money he took from speculators.
Today, Jordan Belfort is an author, specialist and inspiring speaker who has written about the import of corporate ethics in several American and global 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 manner. He also speaks at some of the most prestigious CXO-level meetings and conventions around the globe. His life has been portrayed by Leonardo DiCaprio in the 2013 film 'The Wolf of Wall Street'.
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