Stratton executives were creating a crime-facilitative corporate system. Organizations that are crime facilitative “provide conditions that promote criminal conduct.” This is almost similar to the crime-coercive corporate system that “literally compels others to commit crimes.” Stratton Oakmont did neither based employee success nor reward them on the criminal acts they engaged in. Rather, they presented employees “with extremely tempting structural conditions – high incentives and opportunities coupled with low risks – that encouraged and facilitated crime.” Stratton employees were motivated by money and extravagant gifts. The workplace also facilitated a competitive environment, and if one did not make as much as the other, they were blatantly insulted and rudely shamed in front of their colleagues. This type of behavior was structurally embedded within the firm.
Outside of the firm, Jordan Belfort’s life was a constant series of debauchery. According to his memoir and the movie, it is …show more content…
Signs of Stratton’s pump and dump schemes were evident from the start. An iconic scene in the movie is when Forbes featured Belfort on the cover of their magazine calling him the “Wolf of Wall Street.” This is not entirely true. He was not featured on the cover, but Forbes’ staff writer Roula Khalaf did write an article about him in 1991. She also did not call him the “Wolf of Wall Street,” but she did refer to him as a “twisted Robin Hood who takes from the rich and gives to himself and his merry band of brokers.” It is later discovered that this statement was also false. Belfort defrauded vulnerable “low-earning Americans who lost all their earnings as a result” of his schemes. The New York Times constantly reported about Stratton Oakmont and the success of their over-the-counter stocks. Articles since 1991 report multiple companies’ stocks issued by Stratton boost quickly and plummet
Outside of the firm, Jordan Belfort’s life was a constant series of debauchery. According to his memoir and the movie, it is …show more content…
Signs of Stratton’s pump and dump schemes were evident from the start. An iconic scene in the movie is when Forbes featured Belfort on the cover of their magazine calling him the “Wolf of Wall Street.” This is not entirely true. He was not featured on the cover, but Forbes’ staff writer Roula Khalaf did write an article about him in 1991. She also did not call him the “Wolf of Wall Street,” but she did refer to him as a “twisted Robin Hood who takes from the rich and gives to himself and his merry band of brokers.” It is later discovered that this statement was also false. Belfort defrauded vulnerable “low-earning Americans who lost all their earnings as a result” of his schemes. The New York Times constantly reported about Stratton Oakmont and the success of their over-the-counter stocks. Articles since 1991 report multiple companies’ stocks issued by Stratton boost quickly and plummet