From a showy way of living in the 1990s to a crime conviction as the decade drew to a close and a new life as a uplifing 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 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 fake Wall St agents, Stratton Oakmont.
Jordan Belfort studied to be a dentist, but dropped out of school to make his fortune. After several years of working tiny sales jobs, he made a fast, worthwhile and potentially illegal practice of brokering in low priced shares. As his operation expanded, he speedily scaled up his operation to make Stratton Oakmont, a shameful boiler room company that is claimed to have deceived financiers of over $200 million. Belfort's company finalised the plan of selling big quantities of penny shares to trusting 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 perceived as the inventor of this suggestion that's considered by analysts and finance corporate executives to be the predecessor to the modern Ponzi scheme. At the peak Stratton Oakmont employed over a thousand brokers dealing in stock worth over one bln $.
Belfort's illegal empire directly came under the scanner of the Monetary Crimes Unit of the Fed Bureau of Inquiry and the office of the Alabama Instruments Commissioner. He was found guilty of the white-collar crime and served almost 2 years in Fed prison for money laundering and instruments 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 one 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 tardy in meeting his atonement commitments and is reported to be hunting for relief from the adjudication that ordered him to repay 50% of the cash he took from speculators.
Today, Jordan Belfort is an author, consultant and motivational speaker who has written about the significancy of corporate ethics in several American and global papers and magazines. Through his firm Straight Line, Belfort trains and educates corporate executives about the way to use high-return sales strategies to generate wealth in a moral manner. He also speaks at some of the most prestigious CXO-level conferences 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 fake Wall St agents, Stratton Oakmont.
Jordan Belfort studied to be a dentist, but dropped out of school to make his fortune. After several years of working tiny sales jobs, he made a fast, worthwhile and potentially illegal practice of brokering in low priced shares. As his operation expanded, he speedily scaled up his operation to make Stratton Oakmont, a shameful boiler room company that is claimed to have deceived financiers of over $200 million. Belfort's company finalised the plan of selling big quantities of penny shares to trusting 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 perceived as the inventor of this suggestion that's considered by analysts and finance corporate executives to be the predecessor to the modern Ponzi scheme. At the peak Stratton Oakmont employed over a thousand brokers dealing in stock worth over one bln $.
Belfort's illegal empire directly came under the scanner of the Monetary Crimes Unit of the Fed Bureau of Inquiry and the office of the Alabama Instruments Commissioner. He was found guilty of the white-collar crime and served almost 2 years in Fed prison for money laundering and instruments 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 one 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 tardy in meeting his atonement commitments and is reported to be hunting for relief from the adjudication that ordered him to repay 50% of the cash he took from speculators.
Today, Jordan Belfort is an author, consultant and motivational speaker who has written about the significancy of corporate ethics in several American and global papers and magazines. Through his firm Straight Line, Belfort trains and educates corporate executives about the way to use high-return sales strategies to generate wealth in a moral manner. He also speaks at some of the most prestigious CXO-level conferences 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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