From a showy way of life in the 1990s to a crime conviction as the decade drew to a close and a new life as an inspirational speaker, the tale of Jordan Belfort is perhaps 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 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 Chief of one of the most successful, opulent and ultimately fake Wall St agents, Stratton Oakmont.
Jordan Belfort studied to be a dentist, but dropped out of school to make his fortune. After several years of working small sales roles, he made a fast, worthwhile and potentially illegal practice of brokering in low priced shares. As his operation expanded, he rapidly scaled up his operation to make Stratton Oakmont, a scandalous boiler room company that is declared to have deceived financiers of over $200 million. Belfort's company finalised the plan of selling large quantities of penny stocks and shares to gullible 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 considered as the inventor of this suggestion that's considered by analysts and finance corporate executives to be the predecessor to the modern Ponzi scheme. At the pinnacle Stratton Oakmont employed over 1000 brokers dealing in stock worth over one bln 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 Securities Commissioner. He was convicted of the white-collar crime and served about 2 years in Fed prison for money laundering and securities 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 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 atonement commitments and is claimed to be looking for deadening from the adjudication that ordered him to reimburse 50% of the money he took from speculators.
Today, Jordan Belfort is an author, expert and inspiring speaker who has written about the import of company ethics in a few American and worldwide papers and magazines. Through his firm Straight Line, Belfort trains and educates company executives about the best way to use high-return sales methods to generate wealth in a moral manner. He also speaks at some of the most prestigious CXO-level conferences 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 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 Chief of one of the most successful, opulent and ultimately fake Wall St agents, Stratton Oakmont.
Jordan Belfort studied to be a dentist, but dropped out of school to make his fortune. After several years of working small sales roles, he made a fast, worthwhile and potentially illegal practice of brokering in low priced shares. As his operation expanded, he rapidly scaled up his operation to make Stratton Oakmont, a scandalous boiler room company that is declared to have deceived financiers of over $200 million. Belfort's company finalised the plan of selling large quantities of penny stocks and shares to gullible 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 considered as the inventor of this suggestion that's considered by analysts and finance corporate executives to be the predecessor to the modern Ponzi scheme. At the pinnacle Stratton Oakmont employed over 1000 brokers dealing in stock worth over one bln 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 Securities Commissioner. He was convicted of the white-collar crime and served about 2 years in Fed prison for money laundering and securities 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 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 atonement commitments and is claimed to be looking for deadening from the adjudication that ordered him to reimburse 50% of the money he took from speculators.
Today, Jordan Belfort is an author, expert and inspiring speaker who has written about the import of company ethics in a few American and worldwide papers and magazines. Through his firm Straight Line, Belfort trains and educates company executives about the best way to use high-return sales methods to generate wealth in a moral manner. He also speaks at some of the most prestigious CXO-level conferences 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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