From a showy strategy for living in the 1990s to a fraud conviction as the decade drew to a close and a new life as an inspirational speaker, the tale of Jordan Belfort is perhaps 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 child 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 notable, opulent and eventually fraudulent Wall St agents, 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 roles, he seemed to make a fast, lucrative and potentially 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 declared to have mislead backers of over $200 million. Belfort's company finalised the plan of selling large amounts of penny stocks and shares to unsuspecting bankers, 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 perceived as the inventor of this plan that is considered by researchers and finance corporate management to be the predecessor to the modern Ponzi scheme. At its peak Stratton Oakmont employed over a thousand brokers dealing in stock worth over one billion bucks.
Belfort's illegal empire shortly 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 convicted of the white-collar crime and served almost 2 years in Fed prison for cash laundering and securities crime. 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 claimed to be hunting for alleviation from the adjudication that ordered him to repay 50% of the cash he took from speculators.
Today, Jordan Belfort is a writer, specialist and inspirational speaker who has written about the import of company ethics in a few American and global papers and magazines. Through his firm Straight Line, Belfort trains and educates corporate management about the way to use high-return sales systems to generate wealth in a moral demeanour. He also speaks at some of the most prestigious 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 child 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 notable, opulent and eventually fraudulent Wall St agents, 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 roles, he seemed to make a fast, lucrative and potentially 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 declared to have mislead backers of over $200 million. Belfort's company finalised the plan of selling large amounts of penny stocks and shares to unsuspecting bankers, 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 perceived as the inventor of this plan that is considered by researchers and finance corporate management to be the predecessor to the modern Ponzi scheme. At its peak Stratton Oakmont employed over a thousand brokers dealing in stock worth over one billion bucks.
Belfort's illegal empire shortly 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 convicted of the white-collar crime and served almost 2 years in Fed prison for cash laundering and securities crime. 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 claimed to be hunting for alleviation from the adjudication that ordered him to repay 50% of the cash he took from speculators.
Today, Jordan Belfort is a writer, specialist and inspirational speaker who has written about the import of company ethics in a few American and global papers and magazines. Through his firm Straight Line, Belfort trains and educates corporate management about the way to use high-return sales systems to generate wealth in a moral demeanour. He also speaks at some of the most prestigious 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'.
Aucun commentaire:
Enregistrer un commentaire