From a showy strategy for living in the 1990s to a crime conviction as the decade drew to a close and a new life as an inspiring speaker, the story 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 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 Chief of one of the most notable, opulent and ultimately fraudulent 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 little sales jobs, he seemed to make a fast, worthwhile 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 scandalous 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 stocks 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 thought of as the inventor of this plan that is 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 bn. $.
Belfort's illegal empire directly came under the scanner of the Monetary Crimes Unit of the Fed Bureau of Enquiry and the office of the Alabama Stocks Commissioner. He was convicted of the white-collar crime and served about 2 years in Fed prison for cash laundering and stocks crime. 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 delayed in meeting his atonement commitments and is reported to be looking for deadening from the adjudication that ordered him to settle 50% of the cash he took from speculators.
Today, Jordan Belfort is a writer, expert and inspirational speaker who has written about the significance of corporate ethics in one or two American and worldwide papers and magazines. Through his firm Straight Line, Belfort trains and educates corporate management about the best way to use high-return sales strategies to generate wealth in a moral manner. He also speaks at some of the most celebrated 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 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 Chief of one of the most notable, opulent and ultimately fraudulent 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 little sales jobs, he seemed to make a fast, worthwhile 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 scandalous 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 stocks 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 thought of as the inventor of this plan that is 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 bn. $.
Belfort's illegal empire directly came under the scanner of the Monetary Crimes Unit of the Fed Bureau of Enquiry and the office of the Alabama Stocks Commissioner. He was convicted of the white-collar crime and served about 2 years in Fed prison for cash laundering and stocks crime. 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 delayed in meeting his atonement commitments and is reported to be looking for deadening from the adjudication that ordered him to settle 50% of the cash he took from speculators.
Today, Jordan Belfort is a writer, expert and inspirational speaker who has written about the significance of corporate ethics in one or two American and worldwide papers and magazines. Through his firm Straight Line, Belfort trains and educates corporate management about the best way to use high-return sales strategies to generate wealth in a moral manner. He also speaks at some of the most celebrated 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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