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 maybe 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 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 Chief of one of the most notable, opulent and eventually fraudulent Wall St brokers, 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, worthwhile and doubtless illegal practice of brokering in low priced shares. As his operation expanded, he quickly scaled up his operation to make Stratton Oakmont, a disgusting boiler room company that is declared to have cheated backers of over $200 million. Belfort's company finalised the plan of selling large quantities of penny shares to gullible financiers, 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 plan that is considered by researchers and finance corporate management to be the predecessor to the modern Ponzi scheme. At its peak Stratton Oakmont employed over 1,000 brokers dealing in stock worth over one bln $.
Belfort's illegal empire directly came under the scanner of the Financial Crimes Unit of the Federal Agency Bureau of Investigation and the office of the Alabama Securities Commissioner. He was found guilty as charged of the white-collar crime and served just about 2 years in Fed jail 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 follow up titled 'Catching the Wolf of Wall Street'. As 1 piece 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 atonement commitments and is proclaimed to be hunting for deadening from the adjudication that ordered him to settle 50% of the money he took from speculators.
Today, Jordan Belfort is a writer, specialist and inspirational speaker who has written about the significancy of company ethics in several 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 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 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 Chief of one of the most notable, opulent and eventually fraudulent Wall St brokers, 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, worthwhile and doubtless illegal practice of brokering in low priced shares. As his operation expanded, he quickly scaled up his operation to make Stratton Oakmont, a disgusting boiler room company that is declared to have cheated backers of over $200 million. Belfort's company finalised the plan of selling large quantities of penny shares to gullible financiers, 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 plan that is considered by researchers and finance corporate management to be the predecessor to the modern Ponzi scheme. At its peak Stratton Oakmont employed over 1,000 brokers dealing in stock worth over one bln $.
Belfort's illegal empire directly came under the scanner of the Financial Crimes Unit of the Federal Agency Bureau of Investigation and the office of the Alabama Securities Commissioner. He was found guilty as charged of the white-collar crime and served just about 2 years in Fed jail 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 follow up titled 'Catching the Wolf of Wall Street'. As 1 piece 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 atonement commitments and is proclaimed to be hunting for deadening from the adjudication that ordered him to settle 50% of the money he took from speculators.
Today, Jordan Belfort is a writer, specialist and inspirational speaker who has written about the significancy of company ethics in several 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 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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