As you all know The wolf of Wall Street is a movie. Very good movie I would say. But how many know that it is true story? Jordan Belford is a real man.
Born in Queens, New York, on July 9, 1962, Jordan Belfort had a natural talent as a salesman at an early age, operating a meat and seafood business in the 1980s. After that company went bust, Belfort began selling stocks in 1987. He was running his own investment operation, Stratton Oakmont, by 1989. The company made millions illegally, defrauding its investors. The Securities Exchange Commission began efforts to stop the company's errant ways in 1992. In 1999, Belfort pleaded guilty to securities fraud and money laundering. He was sentenced in 2003 to four years in prison, but only served 22 months. Belfort published his first memoir, The Wolf of Wall Street, in 2008. The following year, he released Catching the Wolf of Wall Street.
In 1989 he found a company called “Stratton Oakmont”. With his partner, Danny Porush, Jordan Belfort raked in cash using a “pump and dump” scheme. His brokers pushed stocks onto their unsuspecting clients, which helped inflate the stocks' prices, and then the company would sell off its own holdings in these stocks at a great profit.
Danny Porush
They were very good in this. Jordan and his staff had very unusual motto “Don't hang up until the customer buys or dies.” It makes them very rich. Unlikely other companies where stress and just hard work way, were used, in his company was different. Staff had a lot of fun every day. They drink, had sex and make funny challenges while working. Once they paid $5000 on employee to shave his head. Imagine Boss like that.
Jordan lived with style. Buying mansions, sport cars and all luxury items. With money often comes and drug. Jordan was a drug-addict in that period. He has a few accidents while taking drugs. Like landing his helicopter in his own land, and sinking yacht.
This way of life was a short period of time. The U. S. Securities and Exchange Commission sought to end Stratton Oakmont's shady stock operation in 1992, claiming that the company had defrauded investors and manipulated stock prices. Two years later, Belfort found himself out of the brokerage business. Stratton Oakmont had reached a settlement with the SEC, which included a lifelong ban from working in the securities industry for Belfort and a fine for the company. He went in prison for 4 years, doing 22 months, and a fine of $110 million. Today he is free man. Have two broken marriages and two children.
In 2008 Jordan published his memoir, The Wolf of Wall Street, using one of his nicknames as the title. Next year he published, “Catching the Wolf of Wall Street”. In 2013 a movie The Wolf of Wall Street was released. Movie earned $300 million. You remember at the end of a movie when Leonardo DiCaprio tries to sells a pen? Now if you want to see how real Jordan does that look at this.