Editing Discover Wolf Of Wall Street Movie and Book
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The tales of what's wrong with Wall Street, and how to fix it, is incomplete without mentioning Jordan Belfort, a motivational speaker who lived a flashy lifestyle in the early 1990s and was convicted of fraud as the world welcomed the second millennium. Jordan Belfort was born in 1962 to Max Belfort and Leah Belfort. Max is believed to have been a very important influence in his son's life. He was called 'Mad' Max Belfort and had once been the CEO of the now tainted Wall Street firm, Stratton Oakmont. Leah Belfort, however, made a career as a lawyer after starting out as an accountant. Before he quit college to create his wealth, Jordan Belfort was studying to be a dentist. After working as a salesman for several years, Jordan Belfort started a profitable yet somewhat illegal business dealing with penny stocks. As the business expanded, he established Stratton Oakmont, a boiler room firm that defrauded investors of more than 200 million dollars. Stratton Oakmont perfected the art of selling huge amounts of penny stocks to unsuspecting buyers, inflating their prices and selling them at a huge profit margin -- in what is known as 'pump and dump' schemes -- raking up over 50 million per year for himself. Mr. Belfort is considered by finance executives and analysts to be the inventor of the modern Ponzi scheme. At one time, Stratton Oakmont had a staff of over one thousand brokers handling over a billion dollars worth of stocks. The illegal empire of Jordan Belfort soon appeared on the radar of FBI's Financial Crimes Unit as well as the office of Alabama's Securities Commissioner. After being charged and convicted for white-collar offense, Bertfort spent close to two years in a Federal prison for the criminal acts of securities fraud and money laundering. While in prison, Belfort wrote a manuscript that would later become a 2008 bestseller titled 'The Wolf of Wall Street' followed by the sequel 'Catching the Wolf of Wall Street'. In addition to Federal prison time, Belfort was ordered to pay back over 110 million dollars that were obtained fraudulently. As of 2013, Belfort, has been accused of being overdue in paying back the money he obtained fraudulently and some people claim that he is seeking relief from the ruling that ordered him to pay back half of what he stole from investors. Nowadays, Jordan Belfort is an writer, consultant and motivational speaker who has written about the importance of corporate ethics in several American and international newspapers and magazines. Through his firm Straight Line, Belfort trains and educates executives about how to use high-return sales tactics to generate wealth in an ethical manner. He also speaks at some of the most prestigious CXO-level conferences and seminars around the world. His life has been portrayed by Leonardo DiCaprio in the 2013 film 'The Wolf of Wall Street'. Click here [http://www.slideshare.net/jroberts2930/the-jordan-belfort-book The Wolf Of Wall Street Book Review]
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