![]() The pair opened their own brokerage in a spare office in a Queens car dealership and then arranged to set up a franchise of Stratton Securities, a small broker-dealer operation. The Kodak Pitch: In 1989, the 27-year-old Belfort teamed with 23-year-old Kenneth Greene, a fellow Investors Center employee who previously drove one of Belfort’s trucks during his meat selling days. Securities and Exchange Commission (SEC) one year after Belfort joined its staff.ĭiscouraged at working for others in unstable environments, Belfort decided to turn entrepreneur and create his own financial operations, and that’s when the would-be dentist started his career lycanthropy into becoming the Wolf of Wall Street. Roberts Securities and Investors Center - the latter was a penny stock brokerage shut down in 1989 by the U.S. He took positions with other firms including D.H. Rothschild, but he lost that position when the firm experienced financial difficulty after the 1987 stock market crash. However, a family friend pointed him to a position as a stockbroker broker trainee with the Manhattan-based firm L.F. “I was pretty talented,” he would later recall about this unsuccessful venture. He started to grow a business based on this endeavor, but the effort failed to click and he wound up filing for bankruptcy by the time he was 25. If you're here simply because you're looking to make a lot of money, you're in the wrong place."īut what was the right career for making money?īelfort returned from his day in dental school and found work as a door-to-door salesman in Long Island, where he sold meat and seafood. He dropped out after the first day of studies when the dean of the school made the astonishing pronouncement: “The golden age of dentistry is over. He made money to pursue his dental studies by selling Italian ices on a beach in Queens and enrolled in the University of Maryland School of Dentistry. Both of his parents were accountants who stressed the value of education and maturity.īelfort received a degree in biology from American University and saw his career path in dentistry. “Admiration would be the wrong word, but from the perspective of manipulating the market, he’s one of the best there is.”Ī Kick In The Teeth: A native of New York City, Belfort was born in 1962 in the Bronx and raised in the Bayside section of Queens. “From a moral perspective, he was a reprehensible human being,” Coleman said about Belfort. From Coleman’s perspective, Belfort wasn't worthy of movie star-level worship. The New York article also featured input from Greg Coleman, the FBI special agent responsible for Belfort’s arrest for fraud and stock market manipulation. It’s not hard to do.”īelfort’s breezy pronouncement came as part of the publicity drumming for the release of Martin Scorsese’s film version of Belfort’s autobiography “The Wolf of Wall Street,” which starred Leonardo DiCaprio as Belfort. “Making money is so easy,” said Jordan Belfort in a 2013 interview with New York magazine. 10/10.Wall Street Crime and Punishment is a weekly series by Benzinga's Phil Hall chronicling the bankers, brokers and financial ne’er-do-wells whose ambition and greed take them in the wrong direction. This is one of those books that will have me thinking for a long while, and I hope that one day Jordan Belfort will write another book, a follow on from this about his road to ‘redemption’ (if you can call it that). Ray Porter’s reading performance was absolutely perfect, with a huge array of voices, accents and enunciations that sounds very much alike to the way Belfort actually speaks. Jordan shows signs of self-awareness and part of you can empathise with him, but also dislike many parts at the same time. I liked the film, and this book is a great follow-on piece from it. ![]() ![]() I kept wanting more and more, and I assume many people who will read this are people who liked the film. Jordan Belfort’s style of writing (as explained in the epilogue) is on two sides of the spectrum. This book was an absolute pleasure to read. ![]() It gives the reader/listener a rare peep into the American white-collar crime scene and the judicial system and how some people are treated against other types of criminals. Catching the Wolf of Wall Street kept me captive under its incredible, over-the-top stories and inner voices. ![]()
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