From a flamboyant way of living in the 1990s to a crime conviction as the decade drew to a close and a new life as a uplifing speaker, the story of Jordan Belfort is maybe 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 son 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 Boss of one of the most noteworthy, opulent and ultimately fake 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 roles, he made a fast, lucrative and probably illegal practice of brokering in low priced shares. As his operation expanded, he rapidly scaled up his operation to make Stratton Oakmont, a disgusting boiler room company that is declared to have cheated investors of over $200 million. Belfort's company finalised the plan of selling big quantities of penny stocks and shares to gullible 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 thought of as the inventor of this suggestion that's considered by researchers and finance corporate management to be the predecessor to the modern Ponzi scheme. At the peak Stratton Oakmont employed over 1,000 brokers dealing in stock worth over one billion bucks.
Belfort's illegal empire immediately came under the scanner of the Monetary Crimes Unit of the Federal Agency Bureau of Investigation and the office of the Alabama Stocks Commissioner. He was found guilty of the white-collar crime and served almost 2 years in Fed jail for cash laundering and stocks 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 follow 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 reported to be trying to find relief from the adjudication that ordered him to settle 50% of the cash he took from investors.
Today, Jordan Belfort is a writer, expert and motivational speaker who has written about the import of company ethics in one or two 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 distinguished 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 son 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 Boss of one of the most noteworthy, opulent and ultimately fake 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 roles, he made a fast, lucrative and probably illegal practice of brokering in low priced shares. As his operation expanded, he rapidly scaled up his operation to make Stratton Oakmont, a disgusting boiler room company that is declared to have cheated investors of over $200 million. Belfort's company finalised the plan of selling big quantities of penny stocks and shares to gullible 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 thought of as the inventor of this suggestion that's considered by researchers and finance corporate management to be the predecessor to the modern Ponzi scheme. At the peak Stratton Oakmont employed over 1,000 brokers dealing in stock worth over one billion bucks.
Belfort's illegal empire immediately came under the scanner of the Monetary Crimes Unit of the Federal Agency Bureau of Investigation and the office of the Alabama Stocks Commissioner. He was found guilty of the white-collar crime and served almost 2 years in Fed jail for cash laundering and stocks 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 follow 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 reported to be trying to find relief from the adjudication that ordered him to settle 50% of the cash he took from investors.
Today, Jordan Belfort is a writer, expert and motivational speaker who has written about the import of company ethics in one or two 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 distinguished 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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