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Jordan Belfort
Convicted Stock Fraudster
"Wolf of Wall Street," Penny Stock Fraud
Overview
Jordan Belfort ran Stratton Oakmont, a penny stock boiler room that defrauded investors of over $200 million through pump-and-dump schemes. His story was dramatized in "The Wolf of Wall Street."He served 22 months in prison and was ordered to pay $110 million in restitution, of which he has paid only a fraction while earning millions as a motivational speaker.
Key Affiliations
Controversies & Concerns
PUMP AND DUMP: Defrauded investors of $200+ million
STRATTON OAKMONT: Ran boiler room operation
UNPAID RESTITUTION: Owes $100M+, lives luxuriously
MOTIVATIONAL SPEAKER: Profits from crime story
MONEY LAUNDERING: Hid assets in Switzerland
Related Investigations (2)
Criminal Charges & Violations
2 documented violations
15 U.S.C. � 78j(b)Securities Fraud(CONVICTED)
18 U.S.C. � 1956Money Laundering(CONVICTED)
Known Associates & Connections
Ken Griffin
Fellow Wall Street figure scrutinized for trading practices
Bernie Madoff
Fellow convicted Wall Street fraudster
Sources & Documentation
4 documented sources from official records, investigations, and reports
Personal Information
- Born
- July 9, 1962
- Birthplace
- Bronx, New York
Education
- •American University
Key Timeline
July 9, 1962
Born in Bronx
1989
Founds Stratton Oakmont
1999
Pleads guilty to fraud
2003-2005
Serves 22 months
2013
"Wolf of Wall Street" film released