Jordan Belfort: The Wolf of Wall Street

The fact that the insider trading charges were thrown out, but the conspiracy charges stuck is curious. It appears, yet again, the judicial process and mainstream social construct of acceptable behavior collided with what Martha, her broker, and fellow investor touted as ‘nothing wrong’. Knowing more of John Savarrese’s role as Martha’s pretrial counsel, gives two more important points about Martha’s case of white collar crime. The first is questionable ethics and the other is arrogance. Mr. Savarrese has been criticized by legal analysts for not providing ethical legal advice to Martha or making the right professional choices himself. The belief is that Savarrese knew or at least suspected, Martha and Bacanovic planned to perjure themselves. As Martha’s legal counselor it was ethically negligent of Savarrese not to advise Martha of the legal repercussions of lying to the SEC. If Martha insisted on presenting her fraudulent story, Savarrese should have immediately withdrawn as her counsel (Hoffman, 2007). More importantly than if Savarrese knew or not, in her arrogance, Martha never thought this issue of a mere $45, 637 would develop into charges nor a prison sentence! She was simply above the laws and saw no reason to tell the

Introduction: Bernie Madoff was a well-respected financier, his company Bernard L. Madoff Investment Securities, LLC was very well known and even helped launch the Nasdaq stock market. Madoffs company was well trusted and he even had celebrity cliental such a Steven Spielberg, Kevin bacon, and Kyra Sedgwick. Madoff came from a low income family however, he was able to start his company from getting a $50,000 loan from his in-laws and he using money that he had saved from side jobs such as lifeguarding and installing sprinkler systems to found his company. The successfulness of Madoff’s company came from the company’s ability to adapt to change and us modern day computer technology. As his business grew he stated employing family members to help “His younger brother, Peter, joined him in the business in 1970 and became the firm 's chief compliance officer. Later, Madoff 's sons, Andrew and Mark, also worked for the company as traders. Peter 's daughter, Shana, became a rules-compliance lawyer for the trading division of her uncle 's firm, and his son, Roger, joined the firm before his death in 2006”(Bernard Madoff Biography 2016) Unfortunately on December 11th 2008 Bernie Madoff became well known for a whole new reason. He had been accused of performing an elaborate Ponzi scheme and he had been reported to the federal authorities by his own sons. A year later he admitted to the investigators that he had lost $50 billion dollars of his investors’ money and pled guilty to 11

Our world has been influence and affected by millions of events and people everyday. Some people influence the world in small ways, such as the inventor of a toothpick. Other people, such as the person who designed the first space shuttle to land on the moon, have had an extremely large impact on today's world. The person we will be talking about today is Jordan Belfort. Most people know him as the "Wolf of Wall Street". He is a famous stockbroker from the 1990's who made million by operating a penny stock room from his Stratton Oakmont, Inc. brokerage firm. He was well known for his usage of the "pump and dump" scheme, which is a form of stock fraud that involves artificially inflating the price of an owned stock through fake positive statements,

Bernie Madoff began his career as an investment broker in 1960, where he legally bought and sold over-the-counter stocks not listed on the New York Stock Exchange (NYSE). From the 1960’s through the 1990’s, Madoff’s success and business grew substantially, mainly from a closed circle of known investors and friends through word of mouth. In the 1990’s Bernard L. Madoff Investment Securities traded up to 10 percent of the NASDAQ on any given day. With the success of the securities business, Madoff started an illegal money-management business, promising his investors consistent returns from 10-12 percent, unheard of returns at the time, which should have tipped off most investors that something was amiss.

Similarly, Jordan Belfort committed illegal acts within his business, including selling penny stocks disguised as blue chip stocks to wealthy individuals and generating

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

Bernie Madoff was one of the most prolific Ponzi-scheme artists in history. Madoff schemes netted him millions of dollars. Mr. Madoff used his BMIS Bernard L. Madoff Investment Securities a New York Limited Liability company, to commit fraud, money laundering, and perjury. This is just a few things that Mr. Bernard Madoff has done to many innocent investors, who believed in Mr. Madoff, and everything he stated. Due to Mr. Madoff’s action he has changed so many people’s lives. Some have lost everything, some committed suicide, and others just humiliated by Mr. Madoff. This paper is to tell you about Mr.

Bernard Lawrence "Bernie" Madoff , born April 29, 1938 is an incarcerated former American stock broker, investment adviser, non-executive chairman of the NASDAQ stock market, and the admitted operator of what has been described as the largest Ponzi scheme in history.

Jordan Belfort, a multi-million dollar scam artist who travelled the road to riches. While travelling this journey, he established many relationships that helped him reach such destination. The memoir The Wolf of Wall Street portrays the relationships and influences people had on Jordan and vice versa. The three biggest influences that Jordan encountered were Mark Hanna, Danny Porush and Nadine Belfort.

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

I have to admit, it is an odd choice but yes, I have decided to break through the ethics out of a completely unethical film. I will be discussing my own thoughts and perspectives revolved around the movie, from reasons and circumstances that leads to an unethical life, to outcomes of it and much more.

Jordan Belfort was supremely effective in business communications merely because he was able to incorporate the three most basic methods. Each method had a direct effect on the corporation and made even the most numskull employees seem brilliant. However, not to say Jordan Belfort was a mastermind, but he and his employees represented the epitome of negative business communications as well. With a formula that included drugs, partying, and sex he was setting himself up for disaster.

Should the stock brokers involved in these crimes towards large groups of people be punished more severely? This paper will go into detail with how securities fraud can occur within the stock markets by a man who is currently making thousands telling his story after doing time for his white collar crimes. When it comes to white collar crimes caused by people in a higher economic status, the stories are portrayed to see the men in as glorious or intelligent to be able to pull off such schemes in where they earned millions.

The two stories talk about the meteoric price surge in the stock of a company called Cynk Technology Corporation, with no actual revenue and tangible assets, and the purported manipulation of the stock price through a “pump and dump” strategy. It can be seen how the Securities and Exchange Commission together with the Department of Justice opened an indictment charging several people with conspiracy, tax fraud and money laundering involving up to $500 million in assets routed through offshore shell corporations that allowed clients to influence stock prices and hide their gains. Generally, the fraudsters take control of an enterprise and offer to sell a chunk of shares usually to the unsuspecting public with promises of very high returns. Promoters broadcast the company’s prospects by telling financiers to get in early before the rest of the market dives in — the pump. Shares are often bought and sold between fraudsters to give the appearance of active trading, further amplifying interest as brokers contact clients to buy the stock. Once the price starts rising, the control block can be dumped on the market, leaving investors with shares in a nearly worthless business (Bouraoui, Mehanaoui & Bahli, 2012). It also parleys the increase of penny stock fraud and the Securities and Exchange Commission’s inability to prosecute the fraudsters and protect investors.

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