JORDAN BELFORT
By
Kevin Mason
BACKGROUND
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Very good home life
Grew up in Bayside Queens
Only child to Leah and Max Belfort
Both Parents were accountants
Middle Class
Made $20,000 selling Italian Ice to save for Dentistry School
Received Degree in Biology from American University in Biology
Attended Baltimore School of Dentistry for 1 day (Dean said “if you are
only in it for money, this is not for you”
• Jewish
FIRST OFFENSE
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Only Offense
Indicted in 1998 for Securities Fraud and Money Laundering (pleaded Guilty)
Sentenced to 22 months and $110 Million in restitution (has only paid $11
Million)
Ran “Pump and Dump” scheme
Cellmates with Tommy Chong (from “Cheech and Chong”)
Should have been arrested many times for drugs, slipped through cracks
Securities fraud, also known as stock fraud and investment fraud, is a deceptive practice in the stock
or commodities markets that induces investors to make purchase or sale decisions on the basis of false
information, frequently resulting in losses, in violation of securities laws.
Money Laundering, the concealment of the origins of illegally obtained money, typically by means of
transfers involving foreign banks or legitimate businesses.
Restitution, Money to be paid to victims stemming from White Collar crime.
PUMP AND DUMP
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Hired young willingly Stock brokers
Some had not graduated high school
Gave scripts for brokers to use
Drove stock prices up
Then would quickly cash out
EVERYONE became rich
Nicknamed “The Wolf of Wall Street,” or “Wolfie”
DURING PUMP AND DUMP
SCHEME
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Insane drug addiction
22 Different medications
Addicted to Quaaludes (extinct sleeping pill)
Cocaine
Crack
Morphine
Xanax
Valium
Prostitutes
Worth $200 million at one point
Flew Helicopter while high
Crashed 167 foot yacht
QUOTE
Cool clip
http://www.youtube.com/watch?v=5gp1envfxC
o
THEORY
The theory for Jordan Belfort is social control. Jordan wanted to be
looked at by others as the best man on the Earth. He would do anything to make
people think he was better than them. He was driven off what people thought of
him. During Belfort’s wealthy era, he bought the most flashiest items. These
include: Coco Channel’s Yacht, Lamborghinis, Ferraris, Helicopters, Speed boats,
and houses. So when people saw the small boy from Queens, they would know
that he bought all those items.
Deviance occurred with Belfort because drugs broke his social bond to
normal norms of society. The drugs altered his normal well being. He would do
anything for money. All his values were thrown out the window, for money, drugs,
and power. The people around him accepted him because he was paying for
everything. His social expectations changed as he grew deeper into the stock
market. Since imprisonment Belfort’s social expectations reflect the norms of a
functioning civilian.
POP CULTURE
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Has written two memoirs
“The Wolf of Wall Street”
“Catching the Wolf of Wall Street”
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Two movies have been based off his scheme
“Boiler Room”-2002
“The Wolf of Wall Street”-2013
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Oscar Nominated
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Lead by Leonardo Dicaprio and Jonah Hill
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Directed by Martin Scorsese