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Dec 25, 2013 · The Wolf of Wall Street: Directed by Martin Scorsese. With Leonardo DiCaprio, Jonah Hill, Margot Robbie, Matthew McConaughey. Based on the true story of Jordan Belfort, from his rise to a wealthy stock-broker living the high life to his fall involving crime, corruption and the federal government.
The Wolf of Wall Street is a 2013 American epic biographical black comedy crime film directed by Martin Scorsese and written by Terence Winter, based on the 2007 memoir of the same name by Jordan Belfort. It recounts Belfort's perspective on his career as a stockbroker in New York City and how his firm, Stratton Oakmont, engaged in rampant ...
The Wolf of Wall Street explores the effects of unrestrained money on ambitious, driven white collar salesmen, and, again, greed, gluttony and lust dominate their lives. Take a look at the American dream experienced by those few who succeed beyond all expectations: broken homes, depravity, sexual perversion, corruption, and drug addiction.
In 1987, Jordan Belfort (Leonardo DiCaprio) takes an entry-level job at a Wall Street brokerage firm. By the early 1990s, while still in his 20s, Belfort founds his own firm, Stratton Oakmont.
- Comedy, Biography, Drama
Jordan Belfort, the now infamous ‘The Wolf of Wall Street’, has entered the NFT space in style ...
Coin Rivet via Yahoo
2 days ago
- Early Life and Career
- scams, Fraud, and Other Crimes
- Life After Prison
- The Bottom Line
Jordan Belfort (born 1962) grew up in Queens, N.Y., and showed an understanding of the business world from an early age. According to his memoir The Wolf of Wall Street, Belfort worked with a friend to sell Italian water ice desserts out of inexpensive styrofoam coolers at a beach near his childhood home. In the summer months between high school and college, Belfort and his partner earned a whopping $20,000. Belfort studied biology at American University with plans to enroll in dental school, using the money he had saved from his earlier venture. However, when the dean of the University of Maryland School of Dentistry warned students on the first day that dentistry was not a path to financial success, Belfort dropped out. One of Belfort's earliest ventures after his short stint in dental school was as a door-to-door salesperson in Long Island. He said the venture was successful, and that he was able to grow the business to the point where he had a team of several workers capable of...
It was in his position as founder of Stratton Oakmont that Belfort committed the illegal activities which would ultimately send him to prison. Stratton Oakmont participated in a number of different frauds, including pump-and-dump schemesto artificially inflate the price of penny stocks. The firm was a type of boiler room, with a team that pressured investors to place their money into highly speculative securities. At its peak, the firm is said to have employed about 1,000 stockbrokers overseeing investments of more than $1 billion. Throughout the history of Stratton Oakmont, the National Association of Securities Dealers (NASD) pursued consistent legal actions against the firm. In 1996, the firm was shut down.1 In 1999, Belfort and his associate Danny Porush were indicted for money laundering and securities fraud. Belfort pleaded guilty to fraud for the pump-and-dump schemes which may have cost his investors as much as $200 million. He was sentenced to four years in prison and ulti...
Following his release from prison, and as part of his restitution agreement, Belfort was required to pay 50% of his income to his defrauded former investors through 2009.2 Federal prosecutors filed a complaint in 2013, alleging that Belfort had not paid the appropriate amount of his income in the previous years.2 Ultimately, he reached a separate deal with federal authorities to complete the restitution payments.
Aside from his memoirs and the successful film adaptation of The Wolf of Wall Street, Belfort has reinvented himself as a motivational speaker. His speaking ranges from questions of ethics and motivation in the financial world to practical demonstrations of sales skills. Belfort emphasizes the mistakes he made during his time at Stratton Oakmont, indicating he was under the influence of drug addiction at the time and that he deeply regrets having lost money for his clients through scams. In 2014, media outlets uncovered ties between Belfort and an Australian employee training company which may have participated in a scam involving government funding. As of early 2019, nothing has come of this possible connection, and Belfort continues to operate a fairly successful motivational speaking business.
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