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Jordan Belfort

From Wikipedia, the free encyclopedia

Jordan Belfort
Born July 9, 1962 (age 51) 1! "he Bron#, $e% &ork, '()( 1!

Occupation

*uthor entrepreneur moti+ational ,peaker

Religion

Judai,m

Criminal penalty

- year, in federal pri,on, .11/ million in re,titution

2!

Criminal status

0elea,ed *pril 2//6 after 22 month, 2! 1!

Spouse(s)

2eni,e (di+orced) 1! $adine (199131994) (di+orced5 2 children) 2!

Conviction(s)

)ecuritie, fraud, money laundering 2!

Jordan R. Belfort -! (67lfrt65 7orn July 9, 1962) i, an *merican moti+ational ,peaker and former ,tock7roker( 8e %a, con+icted of fraud crime, related to ,tock market manipulation and running a penny ,tock 7oiler room for %hich he ,pent 22 month, in pri,on( 5!
Contents
hide!

1 9arly life 2 :areer

o o 1 Writing

2(1 )tratton ;akmont fraud and con+iction 2(2 0e,titution

- <er,onal life 5 0eference, 6 9#ternal link,

9arly life edit!


Belfort %a, 7orn in the Bron# to =eah and >a# Belfort, %ho %ere accountant,5 hi, mother later 7ecame a la%yer( 2!
6! ?! 4!

Jordan %a, rai,ed in a Je%i,h home and remain, Je%i,h( 4! 8e gre% up in Bay,ide, @ueen, and graduated

from *merican 'ni+er,ity %ith a degree in 7iology( 9!

:areer edit!
Belfort ,tarted hi, career a, a 7roker at =(F( 0oth,child( 1/!

Stratton Oakmont fraud and conviction edit!


An the 199/,, he founded the 7rokerage firm )tratton ;akmont %hich functioned a, a 7oiler room marketing penny ,tock,, %here he defrauded in+e,tor, %ith fraudulent ,tock ,ale,( 11! 2uring hi, year, a, a ,tock ,%indler, Belfort de+eloped a hardBpartying life,tyle, %hich included a ,eriou, drug addiction to @uaalude,( 2! 12! )tratton ;akmont employed o+er 1,/// ,tock 7roker, and %a, in+ol+ed in ,tock i,,ue, totaling more than .1 7illion, including an eCuity rai,ing for foot%ear company )te+e >adden =td( "he notoriety of the firm, %hich %a, targeted 7y la% enforcement official, in the late 199/,, in,pired the 2/// film Boiler Room( 11! *la7ama )ecuritie, :ommi,,ioner Jo,eph Borg formed a multiB,tate ta,k force that led to the pro,ecution of )tratton ;akmont after hi, office %a, inundated %ith complaint, regarding the 7rokerage( 1-! Belfort %a, indicted in 1994 for ,ecuritie, fraud and money laundering( *fter cooperating %ith the FBA, he ,er+ed 22 month, in federal pri,on for a pump and dump ,cheme, %hich re,ulted in in+e,tor lo,,e, of appro#imately .2// million( Belfort %a, ordered to pay 7ack .11/(- million that he ,%indled from ,tock 7uyer,( 15! An pri,on he met "ommy :hong, %ho encouraged Belfort to %rite do%n hi, ,torie, and ,u7,eCuently pu7li,h them( "hey remained friend, after their relea,e from pri,on( 16!

Restitution edit!
*ccording to federal pro,ecutor,, Belfort ha, failed to li+e up to the re,titution reCuirement of hi, 2//1 ,entencing agreement( "he agreement reCuire, him to pay 5/D of hi, income to%ard, re,titution to the 1,511 client, he defrauded( ;f the .11(6 million that ha, 7een reco+ered 7y BelfortE, +ictim,, .1/(- million of the total i, the re,ult of the ,ale of forfeited propertie,( "he ,entencing agreement mandate, a total of .11/ million in re,titution( 1?!

An ;cto7er 2/11, federal pro,ecutor, filed a complaint that Belfort, %ho had income of .1,?6?,2/9 from the pu7lication of hi, t%o 7ook, and the ,ale of the mo+ie right,, plu, an additional .2-,/// from moti+ational ,peaking ,ince 2//?, paid re,titution of only .2-1,/// o+er the pa,t four year,( "he go+ernment i, currently not holding Belfort in default of hi, payment, in order to keep negotiation, open, 7ut it i, unclear %hen the full amount of the mandated re,titution %ill 7e repaid( 14!

Writing edit!
0eportedly ,o7er ,ince 1994, Belfort %rote t%o memoir,, The Wolf of Wall Street and Catching the Wolf of Wall Street, %hich ha+e 7een pu7li,hed in appro#imately -/ countrie, and tran,lated into 14 language,( 5! 8i, life ,tory %a, turned into a motion picture ,tarring =eonardo 2i:aprio, Jonah 8ill, and >argot 0o77ie, and directed 7y >artin )cor,e,e( Filming 7egan in *ugu,t 2/12( 19!"he mo+ie %a, relea,ed on 2ecem7er 25th, 2/11(
2/!

Time

Magazine report, that almo,t all of the farBfetched appearing e,capade, depicted in the mo+ie %ere in fact true(
21!

8e ha, toured internationally a, a moti+ational ,peaker( 5!

<er,onal life edit!


Belfort %a, the final o%ner of the lu#ury yacht Nadine (renamed after hi, ,econd %ife, an 9ngli,hB7orn model) originally 7uilt for :oco :hanel( An June 1996, it ,ank off the ea,t coa,t of )ardinia( Atalian :;>)'BA$ frogmen re,cued all a7oard the +e,,el( Belfort ,aid he in,i,ted on ,ailing out in high %ind, again,t the ad+ice of hi, captain, re,ulting in the +e,,elE, ,inking %hen %a+e, ,ma,hed the foredeck hatch( 22! 21! 2-! *, of 2/11, Belfort %a, re,iding in >anhattan Beach, :*, and %a, engaged( 16!

0eference, edit!
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9#ternal link, edit!



!ut"ority control World:at JA*FG 641?4414 =::$G n2//?/261-1 A)$AG //// //// 5559 1554 H$2G 116-12522

;fficial %e7,ite Work, 7y or a7out Jordan Belfort in li7rarie, (World:at catalog) Jordan Belfort at the Anternet >o+ie 2ata7a,e

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1962 7irth,
=i+ing people <eople from @ueen,, $e% &ork *merican people con+icted of fraud *merican money launderer, *merican moti+ational ,peaker, <eople from the Bron# Writer, from $e% &ork :ity *merican Je%, *merican ,tock7roker, *merican memoiri,t, Bu,ine,,people from $e% &ork :ity *merican 'ni+er,ity alumni

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