Jordan Belfort: The Wolf Of Wall Street

Jordan Belfort is the notorious 1990’s stockbroker who saw himself earning fifty million dollars a year operating a penny stock boiler room from his Stratton Oakmont, Inc. brokerage firm. Corrupted by drugs, money, and sex he went from being an innocent twenty – two year old on the fringe of a new life to manipulating the system in his infamous “pump and dump” scheme. As a stock swindler, he would motivate his young brokers through insane presentations to rile them up as they defrauded investors with duplicitous stock sales. Toward the end of this debauchery tale he was convicted for securities fraud and money laundering for which he was sentenced to twenty – two months in prison as well as recompensing two – hundred million in

His new firm targeted lower class people who were desperate to make money. In truth, Jordan knew that the buyers weren’t actually making money. He knew that the more penny stocks he sold, meant the more commission he would receive. It wasn’t until his wife questioned Belfort’s morals of taking money from the poor, that he started selling stocks and ripping off the upper-class wealth. As the money started pouring into the household, Jordan used that money to expand his firm making it official incorporation naming it Stratton Oakmont, Inc. Jordan spent millions and millions of dollars on cocaine, hookers, or designer clothing either for himself or for his employees. He always left an impression everywhere he went. Belfort had so much money that he had everything he wanted. After officially opening his firm back on Wall Street, his firm participated in a pump and dump scheme meaning that they artificially inflated the price of an owned stock through false and misleading, positive statements, just to sell the cheaply purchased stock at a higher price. Jordan Belford was so greedy that he only wanted more. His employees were his pack that was going to help him get what he wanted.

shall be fined under this title, or imprisoned not more than 25 years, or both.

Jordan Belfort is a former stockbroker who scammed people as part of a penny stock scam. Jordan Belfort founded Stratton Oakmont with friend Danny Porush in 1989. He opened a franchise as a stockbroker but eventually he bought out the whole firm. Stratton Oakmont participated in pump and dump schemes “a form of micro stock fraud, that involves artificially inflating the price of an owned stock through false and misleading statements, in order to sell cheaply purchased stock at a higher price.” Once the operators of the scheme dump their overvalued shares the price falls and investors lose their money. They would also try to maintain the price of a stock by refusing to accept or process orders to sell the stock. The U.S.

The Wolves Among Us America has gone through various periods and foregone an abundant amount of change: colonizing, farming, industrializing. Throughout these transformations of America lay the foundation for the concept of the American dream. A dream that is painted as the ultimate goal in life. A dream of the poor becoming the rich and those in despair rising above. However, in history, it is portrayed as something much different.

In The Wolf of Wall Street Jordan Belfort tells the tale of his rise and fall of his stockbroking career at his firm, Stratton Oakmont. He talks of all-night parties, drug benders, and women everywhere he went. He also speaks of the millions of dollars he made through “pump and dump” schemes in which he would defraud investors and the high-pressure sales tactics used by his team. In The Wolf of Wall Street Jordan Belfort argues greed and the unabated pursuit and acquisition of money leads to vice and excess, which holds true, because human nature leads people to harm others in pursuit of the almighty dollar.

This case is between Jordan Belfort, a founder or Stratton Oakmont, and the United States of America. Before the case can be examined, it’s important to understand Jordan Belfort’s background. He’s better known as the infamous “Wolf of Wall Street” for his successful earnings of $50 million a year, from having one of the most successful sales organizations in “Wall Street History.”(Belfort, 2010)

In today’s society crime occurs everyday across all aspects of life. One particular crime is that of white collar and corporate level crime. It is important that we as a society study this type of crime in depth because many individuals believe that white collar and corporate level crimes are victimless crimes when in reality they have the potential to destroy major corporations and economies all with one single case. The news or media rarely talk about this type of crime because it is often difficult to understand and individuals typically lack interest in these types of cases. One particular case is that of Jordan Belfort. Dubbed the infamous “Wolf of Wall Street” Jordan Belfort is a former stockbroker who robbed investors of over $200 million dollars to create his wealth through “pump and dump” schemes, insider trading, money laundering securities fraud, and stock-market manipulation. As an attempt to further understand these complex cases I will break down Belfort’s case as far as the methods and means as to how he got started, his use of “pump and dump” schemes and other means as to how he acquired his wealth. In addition to this I will discuss the sanctions and disciplinary action that Jordan Belfort was given, how the case affected society and what new regulations were

This case results from Rothstein and his fellow conspirators’ greed and quest for power, and the avarice of investors. Crime in general, and fraud in particular occur when three conditions exist. There must be a motivated offender, suitable targets, and few or no guardians preventing the offender from preying upon the targets. In this instance Rothstein and his cohorts were motivated, and by at least some accounts Rothstein was predisposed to personality traits encouraging his offense. Many of his co-conspirators traveled in social circles that provided a target rich environment while allowing an affinity fraud approach. Lastly, there was no independent oversight of the activities Rothstein and his friends were involved in. A number of significant red flags existed that would have been revealed through due diligence of investors and their agents. High, guaranteed returns with little or no associated risk typify Ponzi scheme attributes (Benson, 2009). Every

The most controversial case of fraud in history left more questions than answers. Bernard Madoff, with his company "Investment Securities LLC", chose the easy way to give him greater gains scamming people. Using the prestige he had and giant Ponzi scheme. That was how he was creating his fraud. Madoff did not steal the money immediately but was paid the promised returns with money paid by the entry of new customers paying its customers their profits and not realize and would not take legal action, this intelligent man or charlatan achievement out this scam film for over 20 years. Madoff achieving the greatest fraud in history with losses of more than 50,000 million alone was compared with the Enron case. In June 29, 2009, he was sentenced

In 1990 Enron market value increased from $3.5 billion to $35 billion by the end of 1999 (Ivey Business Journal, 2016). During this time Andrew Fastow was the chief financial officer of the Enron Corporation and the pioneer of the financial implication that brought Enron crumbling down. In this nine-year time frame this feat was admired by companies around the globe. Andrew received a CFO Magazine award for his work at Enron and had lavish parties celebrating the results of the quarterly earnings (Ivey Business Journal, 2016). Unbeknownst to Andrew Fastow, just three years after raising the value of Enron by nearly $32 billion, his ethical decisions would cost him his freedom.

Operated through a complex, cryptic structure Bernie Madoff, CEO of Bernie L. Madoff Investment Securities (BMIS), perpetuated the most embellished Ponzi scheme the world has ever seen. The basis of the securities fraud that took place approximately between 1991 – 2008 was influenced by Bernie Madoff’s reliance upon an unqualified staff, outdated software, organizational seclusion, a personal halo effect, and weaknesses in the regulating body. Madoff had the confidence of the public, yet to pull off such an elaborate scheme, he relied on a startling number of family members, vital accomplices working on the illegal trading floor such as Frank D. Pascali, IT staff members, and a separate BMIS branch of international employees

The system of buying and trading shares or stocks has been done around the world for hundreds of years. From the merchants of Venice, to the coffeehouses in Britain, trading shares has been done everywhere. America has become the world center for trading. The New York Stock Exchange (NYSE) is the world leader of trading, located on historic Wall Street. Wall Street is a commonly used term referring to the stock market. Thousands of corporations have put their companies into the stock market, with the objective to make larger, more public companies. But even with all of these companies in the market trying to make money, it is still possible that such an institution could fail. However, should such an event take place, the entire world

He repeatably argues that both values can assure maximum protection to both his legal and economic status. In a sense of humanity, Belfort's statement is partially acknowledgeable, however some will controvert that this misleading statement was noted to circumvent his own deceiving personal qualities of amorality. Furthermore, Belfort manipulative literacy techniques evidently reveals his true amorality; insofar, through a dozen or few pages in, Jordan Belfort mentions a language technique named 'straight line persuasion' which is a term for manipulating a buyer's decision on concluding an illegal, non-profitable stock purchase via strong use of his trust and loyalty. Through just one technique he apply's whilst pitching a stock, Belfort gains full control of the vessel and gains full misleading loyalty and trust from his own stock buyers. Expressing Belfort's misleading marketing technique, this upcoming quote will further exemplify his act of perdition, "a highly trained Strattonite, a highly trained killer who won’t take no for an answer, who won’t hang up the phone until his client either buys or dies”. As evidently noted through one prime quote, Belfort arguably gains his trust and loyalty through countless unconscionable acts offending the SEC, FBI, the stock market as well as his unknown stock buyers who all initially earned his trust and loyalty. In addition to the quote, Belfort expresses core values through ambitious language and determination to his so called 'strattonites', training next generation America to be complete fraudsters. Driving my point home, Jordan Belfort is considered by a widespread of citizens as self-beneficial failure corresponding to his moral. Seen through literacy techniques, quotes and

Stock exchange acts as an intermediary to bring companies and investors together. It allows companies to raise new capital to support their business during growth phase. Investors can trade stock and other financial products offering in the stock exchange market. However, stock exchange need to be regulated to ensure transparency and fairness. Companies try to manipulate the price for the benefit of the business ethically and unethically. Therefore, standard must be set to maintain a fair and orderly market while encourage investors’ confidence