Jordan Belfort - White Collar Criminal

It is December 9, 2013 and journalists, photographers and fans are gathered at Shawn Solis, they say they are all trying to attract the attention of movie star Leonardo DiCaprio, he is attending the premiere of his latest movie, The Wolf of Wall Street, in which he plays one. One of his most memorable roles is the extraordinary story of a merchant who was worth millions at only 27 years old, but what people don't know is that it is the story of a real man, he is about 50 years old, he is a handsome man and his name is Jordan. Belfort is the real hero of the movie, he inspired this incredible success story that you just couldn't make up and the craziest part is that it's all true.

We found this material never seen before in France. In it you can see all the excesses of age betrayers. 28 years old, owned a helicopter in this yard and threw the most incredible parties work work work play game game in the 1990s Jordan Belfort was the embodiment of American success with all his hits sex drugs and missing daughters or did I always see him They were high they were always high, I mean, it was incredible the last time I saw Jordan, his eyes were here, I mean, they were always high, the incredible story of Jordan Belfort was that of a New Yorker from a modest background who was going to make hundreds of millions of dollars without having any qualifications his only weapon was his remarkable charisma this man could sell ice to the Eskimos that is a gift a talent with which he was born Joran Belfort told his life in detail in his autobiography published in 2006 a fascinating book that promoted the myth of the Wolf of Wall Street, but in his quest for power, Jordan tends to forget that he built his empire on massive fraud.

Belfort was the right guy in the right place and committing the right kind of crimes. If you are a

criminal

, we went to meet him, the people who knew him, his former employees, his lawyer, the victims of his scams and the man who investigated him for years to arrest him, everyone talks about Jordan Belfort as a calculating man without morals or scruples, a character complex that inspired as much admiration as hate George Belfort is a lot of fun to be around I really like him I don't trust him I wouldn't give my money away but I love hanging out with him on this show we profile this symbol of the crazy '90s when money was king If Jordan Belfort is the perfect embodiment of the American dream, it is because this man who shook the New York Stock Exchange was born here in the Bronx in 1963, at a time when it was one of the poorest areas of New York divided by the war. gangs and drug dealer Jordan came from a modest family, he was the second child of Leah and Max Belfort and his parents' profession certainly had an effect on his life, they were accountants, so Jordan grew up hearing about economics, finance and the earnings.

His childhood was marked by social deprivation in his neighborhood and the fear of not having enough money. The 1970s was a period when I think Americans were very concerned about inflation and, you know, maybe that was part of the problem in New York City, too. Prices were going up and so everything cost more for the The city and revenues were not coming in fast enough to cover the city's costs to protect their children from crime in the Bronx. The Belforts decided to move, they couldn't afford to go to downtown New York in Manhattan, so they chose the least place. central but much quieter neighborhood of Queens they settled here in Bayside it is a small town next to the Atlantic Ocean we managed to find the place where the family lived it is an unglamorous apartment block typical of the American middle classes the names of the parents are still in the intercom here Jordan turned out to be a very unusual child, he suffered terrible panic attacks and slept very little.

His mother would come into his room at night to check that he was asleep and he was sitting on his bed, he was not asleep at all. Jordan always had a complex about his roots, he was Jewish and a little ashamed of it because the people who have power here are middle class Protestants, the famous wasps who live in the posh areas of Manhattan, even when he was a child he wanted to climb the social scale he had the need to turn the tables on his humble origins, he described himself as a small Jewish boy, it seems that he did not feel comfortable, he would have liked to be more like the American ideal, he would have liked to be tall, blonde and thin, while he was short and a little chubby, he was a pretty boy when you see him, but he didn't necessarily think he was, so he felt uncomfortable both physically and socially.

He didn't like the fact that he was middle class, what he dreamed of were beautiful, tremendously expensive cars and tall, blonde supermodels, women, men can talk more there when he was a teenager. Jordan had expensive tastes, but since he came from a modest family, he had no choice if he wanted pocket money, he had to work. In the summer, when he was 16, a heat wave hit New York. Jordan brought two cold boxes and went to a park to his house. One summer he was selling Isis on the beach, but he was going from blanket to blanket trying to sell things and He was doing very well, he is a natural orange seller when we started and then he got his friends to do it and even when he was a teenager he was able get other people to sell for it and make money off of them in the end.

During the summer he tallied the accounts. Jordan had only invested about $10 at first, but after just two months he pocketed an incredible $20,000 prize. He was born a businessman. Jordan Belfort saved the money to finance his college studies. He left the family home and traveled. to Baltimore, a three-hour drive from New York, he enrolled in a college he thought would fulfill his dreams of wealth, the Baltimore College of Dental Surgery, things didn't go as planned there, his mother wanted him and he went to the dental school the first day he was born. said by whoever was standing there in front of the class, you know, the glory days of making money and dentistry are over, so he said, what the hell am I doing here?

He is lever, he up and left the class and never returned to dentistry. school much to his mother's despair, but he quickly recovered, this was 1983. Jordan Belfort was 20 years old and did not have the qualifications he had hoped to recover from the wasps through the prestigious profession of dentistry, but it had not worked out, so he returned to He had always been good at buying and selling. He started working as a salesman in New York. He drove around the city in a truck selling frozen meat and seafood. Jordan joined the company. He became a salesman and quickly broke all sales records.

He was the best. of the company, so of course that gave him an idea. He asked a friend to go with him to set up his own company selling meat and frozen products. Doll's daughter, after a few months, Jordan quit and set up his own company in the competition. He was sure that he didn't need any help and that the money would come pouring in during the first few months. He was right at first: they only had one truck and soon after they had 26 trucks. He realized that when you set up a business and buy from wholesalers, you can pay them after you have sold the shares.

He identified a potentially profitable form of financial leverage. The awkward and anxious teenager had become a successful businessman with money in abundance. He had found a way to overcome his inferiority complex. Jordan had gotten his revenge and he wanted people to know it. At only 21 years old, he bought a red Porsche but he liked to drive through the streets of Bayside, but behind this demonstration of success there was a major problem. Jordan only thought about the money he didn't. He doesn't care about the law, he left unpaid bills to his bankers Harris, he had to declare bankruptcy abroad for him, the worst was when the bailiffs came and confiscated his Porsche, it was his first Porsche and for him it was the symbol of their social life. emancipation his social rise shed a tear but that was all it was clear that he would do anything to not make those types of mistakes again the young man started again from scratch a neighbor advised him to look for a job on this street in lower Manhattan Wall Street is the center historic business city, the symbol of the financial power of the United States back then, in the 80s, Wall Street was bubbling.

All New Yorkers believed that the stock market had saved the city from bankruptcy. Jordan fell in love immediately and could see the guarantee of an easy economy. work and the promise of making a lot of money, there was also a movie at that time about the world of finance, which was Oliver Stone's Wall Street starring Michael Douglas. The story revealed the financial misdeeds of Gordon Gekko, an unscrupulous trader who left his mark on Jordan and gave him a vocation next to the wall something big is happening I want you to fill the missing image Wall Street well-dressed young people we are making a lot of money they called themselves masters of the universe they were making deals I think the movie called Wall Street, which was at the end of the 1980s, it captured the spirit of the place where there were people making a lot of money there.

Gordon Gekko's goal was to make as much money as possible. His famous phrase was to become Jordan's man. catches humanity and greed is good it was in 1987 when Jordan was 24 years old but he got on a bus wearing his freshly pressed suit with his CV in his hand he was determined to conquer Wall Street that was when the course of his life changed for Whenever Jordan's appointment was on the 23rd floor of a skyscraper on Manhattan's famous Fifth Avenue, he was applying to be a trainee operator at NF Rothschild. Oh, a frozen return was what we call an investment bank, securities companies, brokerage houses built big trading floors and hired More people used computer systems to trade securities and along came online trading, where people could use their computer to buy and sell stocks, you know, that really became big in the 1980s and 1990s, even in his job interview, Jordan impressed his audience.

I am appearing as his employer. He said: give me a reason why I should hire you, he answered what you want me to do and said: make me want to buy something, he picked a stock from the index at random, he didn't know anything about it and he started singing the praises of it. shares, he said they will do well, profits are guaranteed and the employer said what he just did is totally illegal because we never guarantee profits, but I will still give you a job the next day. Jordan entered a legendary place, the boiler room was full. with merchants glued to his phones, it was a visual shock, but he described it in detail in his book.

It was a sound I would never forget, like the roar of a crowd, a sound that would change my life forever. It was the sound of young people involved. out of greed and ambition, offering their hearts and souls to rich business owners all over America, it's an exciting thing because you're making big decisions and in split seconds you know you're buying in one place and selling in another, and if you make a good deal you shout hooray and if you get a bad deal you say oh no and say some profanity or something oh yeah, I couldn't believe it, I was very surprised as someone middle class in Queens to walk into this guy.

From the temple of Finance with such a prestigious name for six months the apprentice learned the tricks of the trade as he was new he was just a connector his task was to call potential buyers on the phone and then pass them to the trader to conclude the In this new environment Jordan was continually humiliated and insulted by his superiors but he swallowed his pride after several months he obtained the Holy Grail in commerce his license was September 1987 and Jordan was preparing to begin his rise in the spheres of finance when suddenly , an unforeseeable event stopped everything abruptly on October 19, 1987, the stock market fell about 22% in one day, the largest one-day drop in its history, stocks lost about 22% of their value in one day , the sky fell, he found out. that LF Rothschild the temple of finance was collapsing and he lost his job there was no longer any possibility of promotion or even working at LF Rothschild it was difficult for him he was very afraid of having to start over there was no more work on Wall Street, so When Jordan searched the newspapers for a new job that would allow him to make his fortune, an advertisement caught his attention: a job as a broker at a company some distance from Manhattan, the Investor Center was a company that was doing well with some somewhat unusual actions.

They are called penny stocks sometimes they even ship shares their shares at a very low price these shares are not listed on the market so there is no regulation anything goes prices can be manipulated at will here they specialized in selling packages of shares to gullible retirees or somewhat gullible savers thought they had hit the jackpot by betting on small companies that were destined to skyrocket within a few months, in reality the person whoJordan made money in his first month working at the Investor Center he made $38,000 the next month he made 70,000, so the trend was definitely upward for the first year.

He made $500,000 in total, so he didn't lose thanks to these shares that he sold for a few cents. Jordan eventually struck it rich, finding perverse pleasure in strutting out into the world. local country club, exclusive reserve of the Protestant bourgeoisie, the Jewish kid from the tough part of New York would never be allowed to join that club, even when he was at the top, he wanted to prove that he was better than all these wasps at crushing them. ridicule them and take money from them Jordan was now 26 years old his sales technique was fearsome he decided to start his own business with a friend and colleague Danny Porush together they created a company called Stratton Oakmont and the name was deliberately chosen to give them an air of respectability which was already the Beginning of the fraud, the two partners moved into an old garage on Long Island similar to the investor center.

Stratton Oakmont was selling shares of small companies at low prices, but this time Jordan had a brilliant idea: they would approach the big ones. businessman able to invest hundreds of thousands of dollars to do that, hired a dozen friends he knew from his childhood in Bayside, guys who weren't very bright and didn't know anything about the world of financial cycles, started like any small business half. They were a bit messy The start was mediocre so Jordan worked more on his sales technique After a few months he gave his employees a kind of hard sell manual called the straight line persuasion system He anticipated the responses of potential customers He gave them a sheet of prepared dialogue that your employees just had to learn by heart in order to be even more persuasive there.

So we track down Jordan Belfort's lawyer and he remembers well the chatter that novice traders learned by heart potential investors this stock is going to double in price it's going to triple in price we have inside information we're very close to management we know things that others don't You know this is a great opportunity I have 5,000 shares left it goes very fast and then if they had rejection from people who said well I need to talk to my wife the broker would say what do you mean? You have to talk to your wife. You don't make decisions at home.

What are you afraid of? this is an opportunity your wife will love you for this The success was notable after just one year, Stratton Oakmont moved to a much larger new premises, this is 1979 Marcus Avenue. It was behind these windows that the legend of Jordan Belfort was written. After just a few years, he had over a thousand people working here and made several million. dollars with particularly effective methods The choice of this location far from Wall Street was not coincidental according to Joel Cohen, the prosecutor who investigated Stratton Oakmont for a long period. I suspect they opened it on Long Island in this warehouse building because it was cheap and because they were able to recruit a large number of relatively uneducated but very eager and hungry young brokers on Long Island, who thought this was the best job in the world, They didn't have the opportunity in Manhattan to recruit the same type of people among the young people.

The wolves attracted by easy money was Roman and I'm sorry, who agreed to tell us his exclusive inside story about this unusual company? One of the little kids, Walter is not going to reveal Trudeau's name and he was wearing a presidential Willis and I looked at the watch and I asked him what do you do and he says stop it and my question was do you make a lot of money? He says I earned about less than what you will earn in your life. My question was how can I get it. He gave me this card and said you want to make money Peter said the next day Roman went to Long Island he was shocked by what he saw in the Stratton Oakmont parking lot.

I don't remember any car. There were like sheep inside. The atmosphere was supercharged even at 6:30. in the morning it was Roman was not that unusual

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recruited his employees straight out of school when they were 18 or 20 years old that way he could train them in his unusual sales techniques some were college graduates many were high school graduates there were Still today in the United States, it requires them to pass a license, it is called a Series 7 Broker Dealer license, it is a not very difficult exam, many of them had failed it several times and in fact we discovered it when we started trying to arrest or use them as witnesses. cooperators to some of the runners that many of them had hired people to do the test on their behalf every morning.

Jordan Belfort stood on a platform and gave an impassioned speech to his Stratonians, as he liked to call them. These moments of jubilation were crucial to the management of the company, the 28-year-old boss promised the young traders a luxurious lifestyle. , hungry for money and adrenaline, literally swallowed their words, devastated the mystical Paducah, he had an extraordinary ability to encourage his teams with these great speeches. an excellent speaker, he was a satirical guru, he was a cult leader, he even admitted that he was like a cult leader today, he would go up there and tell you how they were going to make a lot of money, they were going to own it, they were going to be like he and they were going to have a lot of fun and they did it to keep up with the hellish pace that the dealers gave in to the temptation of alcohol and drugs that made them euphoric and hypersensitive to cocaine and Mandrax, a drug that gets you high, all these substances were in common you said Stratton Oakmont distributors even delivered directly to employees in their offices when you live in a fast-paced life you need a getaway and since you can't get away I think you don't have the money but why not I don't have time I just tell you You get angry again, they leave your mind, it takes you to a different world.

Aldon Cass is a psychologist. He has helped many Wall Street traders escape the clutches of drugs. Many of the runners who used drugs were. doing it to kill the pain, the guilt and his conscience for having deceived the investors. Jordan himself was completely addicted. He took dozens of pills every day when I got to Wall Street. He didn't know anything about drugs. I never took them, but after a while. It seemed completely normal, it's like getting into a hot bath at first, you dip your toe in and immediately pull it out because it's too hot, five minutes later you're in it and you feel great every time I saw it, they were always high.

They were always on drugs, I mean, it was incredible the last time I saw Jordan, his eyes were here, I mean, they were always on drugs, the young shopkeepers treated Stratton Oakmont like a huge playground, there was an incredible atmosphere of debauchery that rarely seen in operating rooms, even Jordan was a little taken aback by what happened one day he saw two employees, a woman and a man, the woman was a 17 year old assistant and she was giving the man a blowjob in The office elevator was a glass elevator so everyone could see. He told me when I saw that I was very shocked but when I realized that no one complained, the people who saw it did not complain and neither did the assistant who did it.

I left them and if people are having fun it's fine. He sent a memo to everyone. the company telling employees not to have sex between 8 a.m. and 7 p.m. and 7 p.m. and the memo had a photo of a couple having doggy style sex in a circle with a line through it as a kind of stop sign, but the rule was not obeyed. Jordan Belfort wasn't even the first to break it when he set up increasingly crazy challenges. to motivate his Stratton Oakmont troops we used to have a chance you have two people sitting on each side of the table there is a small table density what people have to close a sale whoever locks up the Silvestre is a reward

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would not hesitate to spend tens of thousands of dollars in parties to celebrate a stock market launch or a contract the parties were incredibly publicized we found this footage that had never before been broadcast in France shows a bunch of Stratton Oakmont employees arriving in buses to the parties organized by their boss If your lifestyle The boys of Wall Street, all gold Jordan Belfort pampered his employees with many parties with alcohol, they wanted to give the impression of a company where anything goes and where you have to live for the present.

Jordan collected shiny new cars, traveled by helicopter, and even shopped for himself. a 50 meter yacht, the height of luxury Jordan Belfort's rise in society was about owning things and showing them, today we would say that everything is due to the guilt of being the final piece to complete his image, since the perfect millionaire It was his wife. Nadine, a beautiful British model who had noticed in a television advertisement, his control over her was money and her control over him was love or sex, in either case the illusion of having a perfect marriage. Jordan lived at 200 miles per hour.

He finally he had it. his social revenge and as if to validate his power he bought this house that we visited on Long Island, it was previously owned by the former president of the New York Stock Exchange and it is in Brookville, the super smart neighborhood of Long Island, you told me . I know nothing was ever enough for me, even when I bought this house I thought the driveways weren't long enough. I'm going to have to put them in a longer driveway. That was the kind of person he was. It was never enough. He reminds me of that little guy. brother that people want to ignore and refuses to be ignored and he will show you one day and Jordan came out to show everyone, surprisingly, this excessive lifestyle of crazy spending was also a well thought out strategy to control his Stratonians and bring them to sacrifice himself. at work to imitate their lifestyle despite all the money they make they are all just as broke they spent every penny they have trying to imitate my lifestyle so they end up having trouble making ends meet when they make a million a year, what I mean is that it is easier to control them if they are broke, that is what motivates them.

They are very calculating and manipulative individuals who manipulate others to get attention. They are masters at tapping into the human psychology of others and really trying to make people want to be with them and then wanting to be in a position of power and control where other people come to them all the time makes them feel better about themselves, but This whole world of decay where millions of dollars rain down every day was actually based on a massive fraud. In 1991, Forbes, the financial world's biggest magazine, published a profile of Jordan Belfort. It was a fatal blow.

The journalist highlighted the dubious dealings in Stratton Oakmont. The article was quite negative. the title was fillet stocks what's the difference? It was a play on words between steaks and broth referring to his past as a meat seller, so the title was quite ironic. The article described Jordan as a person whose only ambition, whether it was selling steaks and broth, was to sell steaks and broth. make a lot of money the article said in black and

white

that Stratton Oakmont was selling shares to overly gullible investors who were completely deceived, so even at that time the somewhat dubious shares of Stratton Oakmont were in the public domain, we tracked down one of the Jordan's victims.

Stratton Oakmont contacted the Robert Sharon company in 1992 when he was a young textile entrepreneur and wanted to invest his savings. I got a call from one of his brokers named Paul Grecco and Paul says my name is Paul Grecco. I'm with Stratton. Oakmont and I recommended you because I don't remember the intern's name, but he was one of my classmates at Harvard Business School and he said he made him a lot of money. He gave me his name. He said he was a player. They were aggressive, that you were intelligent, that you would be interested in me making you a lot of money too and that opened the dialogue, it is weighted by the unstoppable chatter of the caller.

Robert Sharon was tempted by the promise of quick profits. First, he invested $11,000 in some stocks that turned out to be very lucrative. He let me make a little money from it. I made a couple thousand on that. So I'm here to say you know 20 percent and you know a month. fantastic and of course then he said, "Okay, now let's be more aggressive," so he was ready to step in and I did. The businessman bought shares worth several hundred thousand dollars through Stratton Oakmont. Like him, the other victims of this fraud were carefully targeted. People who live outside of New York State easily influence people without connections to the world of Wall Street.

It was impossible for them to verify the beautiful words of the merchants. There is always an incredible story behind them. The difference between today and 1992. There is the Internet where you can quickly go online and verify the history they would say. Oh, this is the biggest action we've ever had. This new company is going public. It will sell water in supermarkets in large bottles and no one has thought of it. this before and people will wantcome to the supermarket and refill these recyclable jars and it will be a big winner and you will get in first the company is just an empty store in New York there is not even a company there it is just a storefront with a name, but Jordan was not satisfied with this kind of scam, he always wanted to be more like a compulsive gambler, so he perfected another type of scam called pump and dump. pump-and-dump is where the price is increased. the stock goes up and then you dump your holdings at the inflated price there was a famous phrase they use, okay, let's talk on the phone now and put some lipstick on this pig, you know, in other words, it was a bad thing that They were selling, but we were going to put lipstick on it, perfume maybe and make people think it was good.

The best example is the case of Steve Madden in 1993. Jordan personally wanted to invest $500,000 in the fashion shoe brand. Jordan wanted to own 50% of the company's capital and had valuable knowledge, he knew that the brand would soon go public, in reality Stratton Oakmont was not allowed to own such a large proportion of the company, so that Jordan resorted to an illegal tactic and created front companies run by his friends have escaped the attention of the SEC the Securities and Exchange Commission is the watchdog of the United States Stock Exchange the day Steve Madden launched The Stratton Oakmont stock exchange bought large amounts of shares of the front companies at $5 each on the market.

They were surprised by this action and thought it would be better if they did the same, so they bought Madden, the share price skyrocketed. . Jordan had gotten it artificially raised to $18 and then told all of his traders to sell. He made a huge profit in ten minutes. jordan belfort pocketed twenty million dollars and repeated this illegal operation more than once Stratton Oakmont went public about 34 35 companies, most of them were companiesThe fundamental idea behind the company was not very good or it was horrible, no It didn't make any sense and the idea of ​​what the company would do didn't really matter much to fall for it because their plan wasn't really to sell an idea for the company, but to evaluate and The people who suffer the most in this type of scam are those who They buy shares a few days after artificial stock price inflation, for them the stock price falls below the initial purchase level, that's what happened to Robert Sheeran for months.

All he received from Stratton Oakmont was bad news when I finally woke up and asked to withdraw all the funds. That's when the real fight began. He was in a shouting match with Greco's boss telling them to sell whatever they had to sell. I want to get my money. I'm done screaming. The guy was on the other end saying you're too stupid to make money. You're an Idiot. You know, I only got yelled at twice. They turned it into another. stock instead of giving me my money back, they just took it and switched it to someone else, so it took an incredible amount of effort to get them to finally withdraw the account and send me what was left in the end.

Robert Sheeran lost a large proportion of his savings one hundred and seventy thousand dollars and four others the situation was even worse many of his victims hundreds of them lost much or all of their life savings because of his schemes many of them lost the ability to pay for your houses your retirement funds to pay for your children's college funds those are facts and when Belfort says that everyone was rich is if in any way that makes it different, it is objectively inaccurate and it is offensive on Wall Street the People were starting to talk about this company that made millions and rewarded its traders with prostitutes after receiving many complaints.

The SEC, the stock market watchdog, was on the trail of Jordan Belfort. In 1992, two agents moved to Stratton's offices. Oakmont were looking for any documents that might indicate fraud in fashion the heat was turned off so they really felt Of course, the room was bugged. In fact, Jordan's idea was to follow the saying: keep your friends close and your enemies closer. Jordan and Danny took big risks, thought they could beat the SEC, and frankly, we were successful for several years. beat the SEC, but the SEC failed to catch Jordan, so one man swore he would catch the wolf of Wall Street, which was Gregory Coleman, an FBI agent, agreed to talk to us about the most important investigation of his life When everything started. 30 An honest and forthright man with a modest lifestyle, he was the opposite of Jordan Belfort and particularly disliked Jordan's greed and wastefulness.

One of the things we discovered was that it was actually very difficult to make any progress at the beginning, the reason was that many of the brokers and many of the employees were making millions of dollars, young people in their 20s making millions of dollars and There was really no incentive to cooperate with the FBI or with the regulators, so it was very difficult for us to make any kind of inroads into the fraud itself. He's a very charismatic guy. He's a very good motivational speaker and so I knew that my job would be difficult it was a game of hide and seek with the FBI for which he had absolute contempt so he loved it he was a thief and he knew it, but since he had no scruples or remorse, for him it was not about good and evil, but of who won and who lost, so I was going to play with the FBI and show them how desperate they were and the first victory.

In the war he went to the SEC after two years of investigation because he had managed to gather conclusive evidence of irregularities. Jordan Belfort had to resign from leadership of his empire to pay a two million dollar fine and the worst punishment of all: losing his merchant license. Jordan Belfort, in particular, was severely punished because he officially lost his merchant status. He was no longer allowed to do his job in the company, although he maintained his unofficial status as top dog at Stratton Oakmont. In reality, he also continued to receive a comfortable income. To compensate for his overthrow, Jordan continued to earn an astronomical salary of $1 million a month, far from diminishing his lifestyle, he became even more extravagant, but then he made a mistake that proved fatal: he arranged for a large portion of his income to evade taxes in a extraordinary plan quietly sent cash to Switzerland used couriers used a woman who was a Swiss citizen married to an American citizen it was a husband and wife duo the husband was actually a drug dealer the wife was a Swiss citizen so it was the combination perfect, without fearing anything.

Jordan even came up with a totally crazy and terribly risky idea of ​​gluing cash to the bodies of his smugglers, he took the cash and provided it to the couriers and in two or three different ways, sometimes in his luggage , sometimes. on his person sometimes a combination of the two and brought in other people as the fraud progressed, they smuggled the money out of the United States and deposited it in banks in Switzerland, but in the shadows, FBI agent Gregory Coleman and SEC agent Joel Coen combined forces. to put an end to Jordan Belfort's network, they gained the trust of the Swiss authorities and finally received evidence of money laundering and I remember that the big breakthrough was when we made our third or fourth trip to Geneva, we came back and this box arrived in the mail and inside the box was forum a and we opened forum a and it confirmed what we knew which said that Jordan Belfort and some of his associates actually controlled these accounts.

Jordan Belfort there was no escape route. He was surrounded on all sides in 1998. He was arrested and charged with fraud and money laundering. He knew he was after him for six years. At that point he was tired and I think in some ways he was happy it was over. At the end of the day he pleaded guilty to all crimes. the deals he had rigged from the beginning the guilty man faced a hefty prison sentence which again Jordan found a way to save himself the American justice system can show mercy to people who cooperate so Jordan handed them everything he gave them the list of all his accomplices Belfort would not have decided to cooperate if he had not decided to work with the government to plead guilty and working with the government would be mandatory for him to be sentenced to between 21 and 27 years if he were found guilty in the end Jordan Belfort came out well, He was sentenced to only four years in prison, but all his assets were seized, his properties, his helicopter and his bank accounts.

He took everything I could find, every dollar he made, almost practically every dollar he made from the beginning. he was the product of

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activity and was therefore subject to seizure and forfeiture at the time of his sentencing. The judge required Belfort to repay up to one hundred and ten million dollars over his lifetime to his victims and the judge did something inventive. He instructed that Belfort could keep 50% of the money he earned throughout his life and he would have to pay the other 50% to the victims until he satisfied the amount of one hundred and ten million because he understood that Belfort had the capacity to win. money, but if the court took one hundred percent of the money from him, Belfort would never win money and no victim would get the money back after many court hearings.

Jordan was incarcerated in federal prison in early 2002 due to his good behavior; he only served 22 months. and he even met someone interesting, all these crazy things happen to him and then he ends up spending 22 months in prison being sent across the country to the hottest, driest, most miserable part of California and his cellmate is Tommy Chong from Cheech and Chong, now all the federal prisoners in the system his cellmate is someone famous and well known Jordan was 40 years old and his American dream ended here in prison but once again he recovered he used his time in prison to write his incredible story his modest childhood is a lust for money, prodigious drug use and his slow descent into hell, tommy said: you know you should write a book, well, he didn't know anything about how to write a book, so he said he started reading The Bonfire of the vanities of Tom Wolfe and began to create a book of that style as soon as it was published in 2004 Jordan published his autobiography it went directly on the bestseller list of that year The Wolf of Wall Street was going to be the starting point of his comeback grace came out smelling like a rose You know, somehow this enhances his reputation, so he spent 22 months and ended up with a larger than life reputation in the book.

Jordan Belfort describes all his excesses in detail, from the 22 drugs he tried to the countless escort girls he neatly overlooks his fraudulent actions and drops some notions of remorse, above all he built a legend of sales genius and even became presents himself as a victim of capitalism. He admits to only one mistake: having been blinded by easy money when he was too young. Jordan Belfort was not a victim of the system. Jordan Belfort took advantage of the system. It was just one more surprising thing. Who else would end up having Leonardo DiCaprio play him on the big screen?

Except Jordan Belfort. It's like what could be next for that guy, president. Will President Belfort say in the media that he will return all the money to the victims, which is enough to present the judicial file - no, that is not true, it is not, he still owes a debt of one hundred million dollars in restitution for years. to the federal government that is supposed to go to the victims. I'm still waiting for a check from Jordan. I'm sure it's in the mail. One of the biggest myths I've seen in person is that you really shouldn't ask for the order more than two, maybe three times, let me tell you something, most of the time, it's actually the fifth or sixth time you ask someone. take action and take action.

I think a lot of young men in particular go because they want to see the guy who was in the movie and even though the guy ended up breaking the law and going to prison, God, you got a lot of women who did a lot of drugs, he had a lot of toys and maybe in a certain way They kind of want to be like, you know, sometimes they say that America is the land of second and third chances, so I think in other countries you would be embarrassed to come out and tell about the bad things that you did, but in the United States there are a market. for hearing about people telling the story of the bad things they did and you do wrong go to prison Leonardo DiCaprio plays you on the big screen and now you're making money while we sell tickets to couples it's to see you now this is what we do with this country you