Millionaire, Convicted and Reconstructed - The Wolf's Activities After His Release From Jail

By Peter Jenkins


Introduction

Jordan Belfort, frequently called the Wolf of Wall Street, from his previous books, life-style, business and now film, was born to accountant parents Max and Lear Belfort in 1962. Jordan is famous for founding a stock broking firm on Wall Street during the 1990s, Stratton Oakmont, however, Jordan's business was based on Long Island not Wall Street. His sales methods, and his crave to become famous and rich, led him to create Stratton Oakmont; which was a firm that sold untrained investors valueless stocks, and deserted them once the stocks plummeted. This affair made him serve a 22-month jail term and restitution payments to the people he defrauded. Whilst operating Stratton Oakmont, he earned more than one billion dollars, with the help of over one-thousand loyal staff he hired to sell penny stocks to investors. Him and his employees got rich fast and lived on the fast lane of life, partying hard and abusing drugs.

Ventures After Prison

Publications

While serving his purportedly 4 years jail term, which became only 22 months after collaborating with the government on his case, Jordan was lucky, or otherwise, to share a jail room with Tommy Chong, serving his 9 months sentence after a sentence of selling drug paraphernalia online. Tommy inspired Jordan to make his life's story a book, after hearing much of what went down in Jordan's life. Belfort's two publications; The Wolf of Wall Street and Catching the Wolf of Wall Street, made him a mulit millionaire. As well as the publications, one of his titles has been adapted into a film with the same name, The Wolf of Wall Street, starring Matthew McConaughey and Leonardo Dicaprio.

Business motivational talks

No one can deny that Jordan is a clever man, he had the determination and the will to make his fortune and spent the cash as he saw fit. While, his tactics landed him in jail, he, now a self-proclaimed businessman, says he learnt from his mistakes and has reformed. He travels around the world offering business motivational talks to young business people as well as gurus in the industry. He earns around $30,000 from each speech, a small sum in comparison with his earnings from Stratton Oakmont, but he has successfully inspired many business-oriented people on good, ethical ways of making large sums of money. In the modern world, the emphasis is on becoming wealthy, regardless of the methods, thus Jordan Belfort feels obligated to educate corporations and individuals about ethical business methods, so that the profits and the methods the profit is made does not get other people in trouble with the law, like they did with him.

Summary

Jordan Belfort managed to make millions of dollars running his crooked stock brokerage company, Stratton Oakmont, during the 1990s, but Jordan paid a heavy price for his wrongdoing; he served a 22 month jail term and was ordered to repay in excess of $110 million. Jordan became rich quickly, he spend money like it was water, he attended jail and rehabilitation, however, Jordan learned a valuable lesson in life, and he now travels around the world to teach. He shows people how to surmount their obstacles and take ethical business choices, which spares others from suffering the hardship his actions caused in the past.




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