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Nicknamed "the Wolf of Wall Street," Jordan Belfort made millions in the 1990s through his investment company, Stratton Oakmont. His memoir is the basis for the 2013 Martin Scorsese film The Wolf of Wall Street, starring Leonardo DiCaprio.
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More legal woes followed for Belfort and his company. The National Association of Securities Dealers ejected Stratton Oakmont from its association in 1996, and the company was ordered to be liquidated to pay off its numerous fines and settlements the following year. In 1999, Belfort pleaded guilty to securities fraud and money laundering. He cooperated with authorities in an effort to shorten his prison sentence.
Belfort was sentenced to four years in prison and personally fined $110 million. He served 22 months in jail, where he developed an interest in writing. Comedian Tommy Chong, one of Belfort's cellmates during this time, encouraged the former stockbroker to write about his experiences.
In 2008, Jodran Belfort published his memoir, The Wolf of Wall Street, using one of his nicknames as the title. The book explored his meteoric rise and explosive crash in the financial world. The following year, Belfort released a second memoir, Catching the Wolf of Wall Street, which detailed his life after his arrest. In 2013, a film adaptation of The Wolf of Wall Street, directed by Martin Scorsese and starring Leonardo DiCaprio as Belfort, hit the big screen.
These days, Belfort lives in Los Angeles, California, to be close to his two children, Chandler and Carter, from his second marriage. He now operates his own company, which provides sales training and markets Straight Line training programs aimed at building wealth. Belfort claims to have straightened up his act. In an interview with the Daily Mail, he explained, "I'm a wolf who became a more benevolent character." Belfort has reportedly paid $14 million of the $110 million fine against him.
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