The Real Wolf of Wall Street

Jordan Belfort became infamous in the late 1990s when the stock The REAL WOLF WÁLL STREET brokerage firm that he owned, Stratton Oakmont, became the focus of a federal investigation into securities fraud and money laundering. Early Life 1962 Born in Queens, NY to parents who were both accountants ORIGINALLY WANTED TO BECOME A DENTIST Working with a childhood friend, he saved $20,000 by selling Italian ice tourists Gave up on dentistry after dean told him the "Golden GRADUATED Age" was over Graduated from American University with a degree in Biology The Start of Investing 1987 Belfort hired at L.F. Rothschild as a connector; later went on to D.H. Blair and F.D. Roberts 1989 Securities over a two-year span Belfort had enough money to start his own investing firm: Stratton Oakmont EARLY 1990s Stratton Oakmont began to embrace "the shady side of securities with a scheme called "PUMP AND DUMP" $$ PUMP & DUMP Firm buys stock for cheap, then convinces other Firm then sells their Investors are left İnvestors to buy the stock for Inflated prices stocks, cashing in on profit with nothing 1991 1993 VENTURA ENTERTAINMENT GROUP STRATTON OAKMONT IPO OF STEVE MADDEN SHOES Belfort bought 80% of Madden for $500,000 $15 --- $8 $10 December 23 - Shares $4 opened at $4/share, 23 closed at $8/share $5 A Sold 400,000 Ventura units (one Reportedly earned Belfort share and one warrant) for $12 each $12 million from Madden deal B Shares jumped to $15 C Told his brokers to quickly buy back the warrants for $1 each 10 D Within months, sold most of the warrants to investors for $10 This was a 900% October 1991, Ventura's profit for Ventura shares were $.63 *44 ESTIMATES SUGGEST THAT STRATTON OAKMONT $44 CLEARED $1 BILLION OVER ITS LIFESPAN Deurfall 1994 1998 Belfort and other key members SEC bans Belfort from of Stratton Oakmont indicted for securities industries Securities Fraud and Money Laundering Belfort forced to sell share Belfort cooperated with FBI of Stratton Oakmont to and was sentenced to 4 years Danny Porush in prison He was also sentenced to $100 million in restitution 2004 2006 4 years Belfort reports to Taft Federal April, Belfort released having Correctional Institution in Taft, CA served 22 months of 4-year sentence Present Day THE WOLF CATCHING THEWOLF OF WAL STREET Upon release, Belfort authored As of October 2013, Belfort "The Wolf of Wall Street" and has paid back $243.000 of WALL STREET brdan Belfort "Catching the Wolf of Wall Street" the $110 million owed Jordan Belfort SOURCES en.wikipedia.org/wiki/Jordan_Belfort en.wikipedia.org/wiki/Steve_Madden nymag.com/nymetro/news/bizfinance/biz/features/4406/index2.html www.telegraph.co.uk/news/features/3635727/Jordan-Belfort-Confessions-of-the-Wolf-of-Wall-Street.html www.forbes.com/sites/briansolomon/2013/12/28/meet-the-real-wolf-of-wall-street-in-forbes-original-takedown-of-jordan-belfort/ www.businessweek.com/articles/2013-11-07/jordan-belfort-the-real-wolf-of-wall-street#p2 www.wolfofwallstreet.info/bio.php?id=jordan_belfort