From a flamboyant way of life in the 1990s to a crime 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 how to make it right.
Born in July, 1962, Jordan Belfort was the child 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 noteworthy, opulent and ultimately 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 tiny sales roles, he seemed to make 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 disgusting boiler room company that is declared to have deceived financiers 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's considered by researchers and finance corporate management to be the predecessor to the modern Ponzi scheme. At the peak Stratton Oakmont employed over 1000 brokers dealing in stock worth over one bn. $.
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 about 2 years in Fed jail for money laundering and instruments fraud. In prison, 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 delayed in meeting his amendment commitments and is proclaimed to be trying to find alleviation from the adjudication that ordered him to settle 50% of the cash he took from investors.
Today, Jordan Belfort is a writer, expert and motivational speaker who has written about the significancy of company ethics in several American and world papers and mags. Through his firm Straight Line, Belfort trains and educates corporate management about the way to use high-return sales methods to generate wealth in a moral demeanour. He also speaks at some of the most celebrated CXO-level meetings and conventions around the planet. 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 child 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 noteworthy, opulent and ultimately 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 tiny sales roles, he seemed to make 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 disgusting boiler room company that is declared to have deceived financiers 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's considered by researchers and finance corporate management to be the predecessor to the modern Ponzi scheme. At the peak Stratton Oakmont employed over 1000 brokers dealing in stock worth over one bn. $.
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 about 2 years in Fed jail for money laundering and instruments fraud. In prison, 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 delayed in meeting his amendment commitments and is proclaimed to be trying to find alleviation from the adjudication that ordered him to settle 50% of the cash he took from investors.
Today, Jordan Belfort is a writer, expert and motivational speaker who has written about the significancy of company ethics in several American and world papers and mags. Through his firm Straight Line, Belfort trains and educates corporate management about the way to use high-return sales methods to generate wealth in a moral demeanour. He also speaks at some of the most celebrated CXO-level meetings and conventions around the planet. His life has been portrayed by Leonardo DiCaprio in the 2013 film 'The Wolf of Wall Street'.
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