From a flamboyant way of living in the 1990s to a fraud conviction as the decade drew to a close and a new life as a uplifing speaker, the story 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 son of Max and Leah Belfortâ€"-Jewish accountants living in the Bronx and later Manhattan. Max Belfort was a serious influence in Jordan's life, even going on to become the Chief of one of the most successful, opulent and ultimately fake Wall St agents, 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 roles, he made a fast, worthwhile and doubtless illegal practice of brokering in low priced shares. As his operation expanded, he rapidly scaled up his operation to make Stratton Oakmont, a disgusting boiler room company that is declared to have mislead backers of over $200 million. Belfort's company finalised the plan of selling large quantities of penny stocks and shares to gullible financiers, artificially skyrocketing 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 perceived as the inventor of this plan that is considered by researchers and finance executives to be the predecessor to the modern Ponzi scheme. At the pinnacle Stratton Oakmont employed over 1000 brokers dealing in stock worth over one bn. dollars.
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 Instruments Commissioner. He was convicted of the white-collar crime and served about 2 years in Fed jail for cash laundering and securities fraud. 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 proclaimed to be hunting for deadening from the adjudication that ordered him to repay 50% of the money he took from investors.
Today, Jordan Belfort is a writer, expert and inspiring 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 how to use high-return sales systems to generate wealth in a moral demeanour. He also speaks at some of the most celebrated CXO-level conferences 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 son of Max and Leah Belfortâ€"-Jewish accountants living in the Bronx and later Manhattan. Max Belfort was a serious influence in Jordan's life, even going on to become the Chief of one of the most successful, opulent and ultimately fake Wall St agents, 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 roles, he made a fast, worthwhile and doubtless illegal practice of brokering in low priced shares. As his operation expanded, he rapidly scaled up his operation to make Stratton Oakmont, a disgusting boiler room company that is declared to have mislead backers of over $200 million. Belfort's company finalised the plan of selling large quantities of penny stocks and shares to gullible financiers, artificially skyrocketing 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 perceived as the inventor of this plan that is considered by researchers and finance executives to be the predecessor to the modern Ponzi scheme. At the pinnacle Stratton Oakmont employed over 1000 brokers dealing in stock worth over one bn. dollars.
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 Instruments Commissioner. He was convicted of the white-collar crime and served about 2 years in Fed jail for cash laundering and securities fraud. 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 proclaimed to be hunting for deadening from the adjudication that ordered him to repay 50% of the money he took from investors.
Today, Jordan Belfort is a writer, expert and inspiring 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 how to use high-return sales systems to generate wealth in a moral demeanour. He also speaks at some of the most celebrated CXO-level conferences 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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