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 an inspirational speaker, the story of Jordan Belfort is probably one of the most studied stories of Wall Street gone wrongâ€"-and the right way 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 Boss of one of the most successful, opulent and finally fraudulent Wall St brokers, 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 tiny sales roles, he made a fast, profitable and doubtless illegal practice of brokering in low priced shares. As his operation expanded, he rapidly scaled up his operation to make Stratton Oakmont, a shameful boiler room company that is claimed to have deceived backers of over $200 million. Belfort's company finalised the plan of selling large amounts of penny shares to unsuspecting financiers, artificially climbing 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 considered as the inventor of this suggestion that's considered by researchers and finance executives to be the predecessor to the modern Ponzi scheme. At its peak Stratton Oakmont employed over 1000 brokers dealing in stock worth over one bln $.
Belfort's illegal empire shortly came under the scanner of the Monetary Crimes Unit of the Federal Agency Bureau of Investigation and the office of the Alabama Securities Commissioner. He was found guilty as charged of the white-collar crime and served almost 2 years in Fed jail for money 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 follow up titled 'Catching the Wolf of Wall Street'. As 1 piece 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 delayed in meeting his atonement commitments and is proclaimed to be trying to find deadening from the adjudication that ordered him to settle 50% of the money he took from investors.
Today, Jordan Belfort is a writer, expert and inspirational 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 company 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 conferences and conventions around the planet. 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 Boss of one of the most successful, opulent and finally fraudulent Wall St brokers, 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 tiny sales roles, he made a fast, profitable and doubtless illegal practice of brokering in low priced shares. As his operation expanded, he rapidly scaled up his operation to make Stratton Oakmont, a shameful boiler room company that is claimed to have deceived backers of over $200 million. Belfort's company finalised the plan of selling large amounts of penny shares to unsuspecting financiers, artificially climbing 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 considered as the inventor of this suggestion that's considered by researchers and finance executives to be the predecessor to the modern Ponzi scheme. At its peak Stratton Oakmont employed over 1000 brokers dealing in stock worth over one bln $.
Belfort's illegal empire shortly came under the scanner of the Monetary Crimes Unit of the Federal Agency Bureau of Investigation and the office of the Alabama Securities Commissioner. He was found guilty as charged of the white-collar crime and served almost 2 years in Fed jail for money 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 follow up titled 'Catching the Wolf of Wall Street'. As 1 piece 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 delayed in meeting his atonement commitments and is proclaimed to be trying to find deadening from the adjudication that ordered him to settle 50% of the money he took from investors.
Today, Jordan Belfort is a writer, expert and inspirational 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 company 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 conferences and conventions around the planet. His life has been portrayed by Leonardo DiCaprio in the 2013 film 'The Wolf of Wall Street'.
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