After being charged with securities fraud, stock manipulation, money laundering, and other organized crime tactics (NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC), Belfort was sentenced to 4 years in prison and a $110.4 million dollar fine. However, after pleading guilty to fraud and money laundering along with testifying against his fellow associates, Belfort was given a reduced sentence of 22 months in Taft Correctional Center where he later wrote his biography. Daniel Porush was also “[...]censured, fined $250,000 and barred in all capacities,” (NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC). The duo both suffered tremendous losses both financially and personally after the fall of Stratton Oakmont, propelling the two leave the stock industry forever.
Over the course of the late 80’s and early 90’s, Jordan Belfort was able to swindle millions of dollars out of his clients and into his own pockets. This, however, did not last long, as the U.S. Securities and Exchange Commission and FBI was looming over Belfort and his company, waiting to strike and rightfully charge him for his crimes. One of the first …show more content…
His speaking seminars are set up with Global Motivation Inc. and Belfort allocates some of the money he makes with his speaking and his novels for victims of Stratton Oakmont. During his speeches he recounts his failures and teaches others how to learn from his experiences and build themselves up like he did. During the beginning of his time motivational speaking he would discuss the importance of ethics in business but in recent years they have begun to gear towards creating people's individual skill set and shaping people into entrepreneurs. Overall, Belfort’s legacy has not only shaped the economic world, but the lives of others, ultimately influencing the American
Over the course of the late 80’s and early 90’s, Jordan Belfort was able to swindle millions of dollars out of his clients and into his own pockets. This, however, did not last long, as the U.S. Securities and Exchange Commission and FBI was looming over Belfort and his company, waiting to strike and rightfully charge him for his crimes. One of the first …show more content…
His speaking seminars are set up with Global Motivation Inc. and Belfort allocates some of the money he makes with his speaking and his novels for victims of Stratton Oakmont. During his speeches he recounts his failures and teaches others how to learn from his experiences and build themselves up like he did. During the beginning of his time motivational speaking he would discuss the importance of ethics in business but in recent years they have begun to gear towards creating people's individual skill set and shaping people into entrepreneurs. Overall, Belfort’s legacy has not only shaped the economic world, but the lives of others, ultimately influencing the American