Discover the career path of Jordan Belfort, from the first major opportunity to industry-changing achievements.
Jordan Belfort is a former stockbroker notorious for his involvement in a penny-stock scam and stock-market manipulation through his firm, Stratton Oakmont. In 1999, he pleaded guilty to fraud and related crimes. To reduce his sentence, he became an FBI informant, providing testimony against his associates. Belfort served 22 months in prison. He later authored the memoir "The Wolf of Wall Street" in 2007, detailing his experiences, which was subsequently adapted into a film directed by Martin Scorsese, starring Leonardo DiCaprio.
In 1987, Jordan Belfort was laid off from L.F. Rothschild after the firm experienced financial difficulties due to the Black Monday stock market crash.
From 1989 onward, Stratton Oakmont was under near-constant scrutiny from the National Association of Securities Dealers (NASD).
In December 1996, the NASD expelled Stratton Oakmont, effectively putting it out of business.
In 1999, Jordan Belfort pleaded guilty to fraud and related crimes involving stock-market manipulation and running a boiler room as part of a penny-stock scam.
In 1999, Jordan Belfort was indicted for securities fraud and money laundering.
In 2000, Stratton Oakmont's notoriety inspired the film "Boiler Room".
On July 18, 2003, Jordan Belfort was sentenced to four years in prison for securities fraud and money laundering, though he served 22 months.
In 2007, Jordan Belfort paid $382,910 in restitution during his parole period.
In 2008, Jordan Belfort paid $148,799 in restitution during his parole period.
In 2009, Jordan Belfort's restitution agreement, which required him to pay 50% of his income to defrauded clients, ended.
In August 2012, filming began for Martin Scorsese's adaptation of Jordan Belfort's memoirs, "The Wolf of Wall Street".
In October 2013, federal prosecutors filed a complaint against Jordan Belfort regarding his restitution payments.
On December 25, 2013, the film adaptation of Jordan Belfort's memoirs, "The Wolf of Wall Street", was released.
As of 2013, about $10 million of the $110 million recovered by Jordan Belfort's victims came from the sale of forfeited properties.
In 2013, Stratton Oakmont's notoriety inspired the biopic "The Wolf of Wall Street".
In 2013, the film adaptation of Belfort's memoir, "The Wolf of Wall Street", directed by Martin Scorsese and starring Leonardo DiCaprio, was released.
In June 2014, spokesmen for the U.S. attorney stated that Jordan Belfort's claim that "100% of the royalties" from his books and The Wolf of Wall Street film would be turned over to victims was "not factual".
As of 2014, Jordan Belfort was spending three weeks of each month on the road for speaking engagements through his business, Global Motivation Inc.
In 2017, Jordan Belfort wrote "Way of the Wolf: Straight Line Selling: Master the Art of Persuasion, Influence, and Success", detailing his sales techniques.
In 2023, Jordan Belfort released "The Wolf of Investing", claiming it to be his ultimate strategy for making money on Wall Street.
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