From a showy strategy for living in the 1990s to a crime conviction as the decade drew to a close and a new life as an inspirational speaker, the tale of Jordan Belfort is probably one of the most studied stories of Wall Street gone wrongâ€"-and ways 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 noteworthy, opulent and eventually fake Wall St brokerage firms, Stratton Oakmont.
Jordan Belfort studied to be a dentist, but dropped out of college to make his fortune. After a number of years of working small 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 mislead backers of over $200 million. Belfort's company finalised the plan of selling large quantities of penny stocks to unsuspecting financiers, artificially climbing 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 suggestion that is considered by researchers and finance executives to be the predecessor to the modern Ponzi scheme. At the peak Stratton Oakmont employed over 1000 brokers dealing in stock worth over one billion bucks.
Belfort's illegal empire directly came under the scanner of the Monetary Crimes Unit of the Federal Agency Bureau of Investigation and the office of the Alabama Instruments Commissioner. He was found guilty of the white-collar crime and served just about 2 years in Fed jail for cash laundering and stocks 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 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 atonement commitments and is proclaimed to be looking for alleviation from the adjudication that ordered him to settle 50% of the cash he took from backers.
Today, Jordan Belfort is an author, expert and inspirational speaker who has written about the import of company ethics in one or two American and global papers and magazines. Through his firm Straight Line, Belfort trains and educates corporate executives about the best 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 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 noteworthy, opulent and eventually fake Wall St brokerage firms, Stratton Oakmont.
Jordan Belfort studied to be a dentist, but dropped out of college to make his fortune. After a number of years of working small 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 mislead backers of over $200 million. Belfort's company finalised the plan of selling large quantities of penny stocks to unsuspecting financiers, artificially climbing 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 suggestion that is considered by researchers and finance executives to be the predecessor to the modern Ponzi scheme. At the peak Stratton Oakmont employed over 1000 brokers dealing in stock worth over one billion bucks.
Belfort's illegal empire directly came under the scanner of the Monetary Crimes Unit of the Federal Agency Bureau of Investigation and the office of the Alabama Instruments Commissioner. He was found guilty of the white-collar crime and served just about 2 years in Fed jail for cash laundering and stocks 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 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 atonement commitments and is proclaimed to be looking for alleviation from the adjudication that ordered him to settle 50% of the cash he took from backers.
Today, Jordan Belfort is an author, expert and inspirational speaker who has written about the import of company ethics in one or two American and global papers and magazines. Through his firm Straight Line, Belfort trains and educates corporate executives about the best 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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