Jordan Belfort is an American author, motivational speaker, and former stockbroker who gained notoriety for his involvement in white-collar crime during the 1990s. Born on July 9, 1962, Belfort's life story became the basis for the book "The Wolf of Wall Street," which was later adapted into a film directed by Martin Scorsese. Belfort's career in finance began in the late 1980s when he started working as a stockbroker on Wall Street. He quickly rose to prominence for his aggressive sales tactics and extravagant lifestyle, earning him the nickname "The Wolf of Wall Street." Belfort founded the brokerage firm Stratton Oakmont in 1989, which became infamous for its fraudulent practices and manipulation of penny stocks. Despite his initial success, Belfort's illegal activities eventually caught up with him, leading to his arrest and conviction for securities fraud and money laundering in 1999. He served nearly two years in prison and was ordered to pay restitution to his victims. Following his release from prison, Belfort turned his life around and embarked on a new career as a motivational speaker and author. He has written several books, including his memoir "The Wolf of Wall Street," which recounts his rise and fall on Wall Street. Belfort's story has inspired audiences around the world, and he has become known for his candid discussions about his past mistakes and the lessons he has learned. In addition to his work as a speaker and author, Belfort is also an entrepreneur and business consultant. He has shared his insights on sales, persuasion, and entrepreneurship through various seminars, workshops, and training programs. While Jordan Belfort's past actions have been widely criticized, he has used his experiences to educate others about the dangers of unethical behavior in the financial industry. Through his speaking engagements and writing, Belfort continues to offer valuable lessons on integrity, responsibility, and personal growth.
Former stockbroker / Wall Street fraudster Jordan Belfort determined ICO (Initial Coins Offering) as "the greatest scam". A new form of fund-raising, ICO is, in fact, the sale of cryptographic tokens by start-ups in exchange for financing with the help of crypto currency, such as bitcoin and ether, to attract funding in the early stages. Earlier in September, the project of decentralized data storage Filecoin set an ICO record, raising $ 257 million. According to one tracker, the collection of funds by the ICO method in 2017 exceeded $ 3 billion.