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 an inspiring speaker, the story of Jordan Belfort is maybe 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 boy 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 Boss 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 college to make his fortune. After many years of working small sales roles, he made a fast, lucrative 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 shameful boiler room company that is claimed to have deceived investors of over $200 million. Belfort's company finalised the plan of selling large amounts of penny stocks and shares 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 considered as the inventor of this scheme that's considered by researchers and finance corporate 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. $.
Belfort's illegal empire shortly came under the scanner of the Financial Crimes Unit of the Federal Agency Bureau of Enquiry and the office of the Alabama Securities Commissioner. He was convicted of the white-collar crime and served almost 2 years in Fed prison for cash laundering and instruments crime. 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 money 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 alleviation from the adjudication that ordered him to settle 50% of the money he took from backers.
Today, Jordan Belfort is an author, expert and inspirational speaker who has written about the significancy of corporate ethics in one or two American and worldwide papers and mags. Through his firm Straight Line, Belfort trains and educates company executives about the best way to use high-return sales strategies to generate wealth in a moral demeanour. He also speaks at some of the most prestigious CXO-level meetings and conventions around the globe. 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 boy 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 Boss 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 college to make his fortune. After many years of working small sales roles, he made a fast, lucrative 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 shameful boiler room company that is claimed to have deceived investors of over $200 million. Belfort's company finalised the plan of selling large amounts of penny stocks and shares 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 considered as the inventor of this scheme that's considered by researchers and finance corporate 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. $.
Belfort's illegal empire shortly came under the scanner of the Financial Crimes Unit of the Federal Agency Bureau of Enquiry and the office of the Alabama Securities Commissioner. He was convicted of the white-collar crime and served almost 2 years in Fed prison for cash laundering and instruments crime. 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 money 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 alleviation from the adjudication that ordered him to settle 50% of the money he took from backers.
Today, Jordan Belfort is an author, expert and inspirational speaker who has written about the significancy of corporate ethics in one or two American and worldwide papers and mags. Through his firm Straight Line, Belfort trains and educates company executives about the best way to use high-return sales strategies to generate wealth in a moral demeanour. He also speaks at some of the most prestigious CXO-level meetings and conventions around the globe. His life has been portrayed by Leonardo DiCaprio in the 2013 film 'The Wolf of Wall Street'.
No comments:
Post a Comment