From a showy way of life in the 1990s to a fraud conviction as the decade drew to a close and a new life as an inspiring speaker, the tale of Jordan Belfort is probably 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 eventually fraudulent Wall St brokerage firms, Stratton Oakmont.
Jordan Belfort studied to be a dentist, but dropped out of college to make his fortune. After many years of working little sales jobs, he made 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 shameful boiler room company that is declared to have deceived backers of over $200 million. Belfort's company finalised the plan of selling large quantities of penny stocks and shares to unsuspecting bankers, 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 thought of as the inventor of this scheme that is considered by researchers and finance corporate 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 billion $.
Belfort's illegal empire shortly came under the scanner of the Financial Crimes Unit of the Federal Agency Bureau of Investigation and the office of the Alabama Stocks Commissioner. He was found guilty as charged of the white-collar crime and served just about 2 years in Fed jail for money 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 chase 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 tardy in meeting his amendment commitments and is claimed to be trying to find deadening from the adjudication that ordered him to repay 50% of the cash he took from speculators.
Today, Jordan Belfort is a writer, specialist and inspirational speaker who has written about the significance of corporate ethics in several American and worldwide papers and mags. Through his firm Straight Line, Belfort trains and educates corporate management about how to use high-return sales strategies to generate wealth in a moral manner. He also speaks at some of the most distinguished CXO-level conferences 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 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 eventually fraudulent Wall St brokerage firms, Stratton Oakmont.
Jordan Belfort studied to be a dentist, but dropped out of college to make his fortune. After many years of working little sales jobs, he made 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 shameful boiler room company that is declared to have deceived backers of over $200 million. Belfort's company finalised the plan of selling large quantities of penny stocks and shares to unsuspecting bankers, 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 thought of as the inventor of this scheme that is considered by researchers and finance corporate 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 billion $.
Belfort's illegal empire shortly came under the scanner of the Financial Crimes Unit of the Federal Agency Bureau of Investigation and the office of the Alabama Stocks Commissioner. He was found guilty as charged of the white-collar crime and served just about 2 years in Fed jail for money 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 chase 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 tardy in meeting his amendment commitments and is claimed to be trying to find deadening from the adjudication that ordered him to repay 50% of the cash he took from speculators.
Today, Jordan Belfort is a writer, specialist and inspirational speaker who has written about the significance of corporate ethics in several American and worldwide papers and mags. Through his firm Straight Line, Belfort trains and educates corporate management about how to use high-return sales strategies to generate wealth in a moral manner. He also speaks at some of the most distinguished CXO-level conferences and conventions around the world. His life has been portrayed by Leonardo DiCaprio in the 2013 film 'The Wolf of Wall Street'.
