samedi 11 janvier 2014

Millionaire, Convicted and Reconstructed - The Wolf's Activities After His Release From Jail

By Peter Jenkins


Introduction

Jordan Belfort, frequently called the Wolf of Wall Street, from his previous books, life-style, business and now film, was born to accountant parents Max and Lear Belfort in 1962. Jordan is famous for founding a stock broking firm on Wall Street during the 1990s, Stratton Oakmont, however, Jordan's company was based on Long Island not Wall Street. His sales methods, and his crave to become famous and rich, led him to establish Stratton Oakmont; which was a firm that sold untrained investors valueless stocks, and deserted them once the stocks plummeted. This business made him serve a 22-month jail term and restitution payments to the people he defrauded. When running Stratton Oakmont, Jordan made in excess of $1 billion dollars via a number of loyal workers he had hired to carry out penny stock sales to prospective investors. Both he and his staff became wealthy quickly, and enjoyed the trappings of their success; taking drugs and partying non stop.

Activity after Jail

Publications

While serving his purportedly 4 years jail term, which became only 22 months after collaborating with the government on his case, Jordan was lucky, or otherwise, to share a jail room with Tommy Chong, serving his 9 months sentence after a conviction of selling drug paraphernalia online. Tommy inspired Jordan to make his life's story a book, after hearing much of what went down in Jordan's life. Jordan wrote two books, The Wolf of Wall Street and Catching the Wolf of Wall Street, which have earned him millions of dollars. One of the books has now been turned into a movie picture that has been given the same title. The movie is called The Wolf of Wall Street; it stars Matthew McConaughey and Leonardo DiCaprio.

Business motivational talks

No one can deny that Jordan is an intelligent man, he had the energy and the will to make his luck and spent the cash as he saw fit. While, his tactics landed him in jail, he, now a self-proclaimed businessman, says he learnt from his mistakes and has reformed. Jordan travels the world giving motivational business talks to budding entrepreneurs and industrial gurus. He earns around $30,000 from each speech, a small sum in comparison with his earnings from Stratton Oakmont, but he has successfully inspired many business-oriented people on good, honorable ways of making large sums of money. In a world that focuses and cares more on getting rich, and not on the means, Jordan Belfort feels obliged to teach individuals and corporates ethical ways of making money so that the riches and or means to those riches do not land other people into trouble as they did him.

Summary

Jordan Belfort made fast millions of dollars with his fraudulent stock brokerage firm, Stratton Oakmont in the 1990s, but paid dearly for it, serving 22 months in jail and ordered to make over $110 million in restitution. Following his fast rise to wealth, and quick spending, along with his prison sentence and rehabilitation, Belfort learned important lessons, which he currently travels the world to teach. He shows people how to surmount their obstacles and take ethical business choices, which spares others from suffering the hardship his actions caused in the past.




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