* the wolf , page-4

Fact or Fiction?

Jordan Ross Belfort[5] (/'b?lf??rt/; born July 9, 1962) is an American motivational speaker and former stockbroker. He was convicted of fraud crimes related to stock market manipulation and running a penny stock boiler room, for which he spent 22 months in prison.[6] He recounted his life in his memoir, The Wolf of Wall Street.

Belfort started his career as a broker at L.F. Rothschild. In the 1990s, he founded the brokerage firm Stratton Oakmont which functioned as a boiler room marketing penny stocks, where he defrauded investors with fraudulent stock sales. Stratton Oakmont employed over 1,000 stock brokers and was involved in stock issues totaling more than $1 billion.

Belfort was indicted in 1998 for securities fraud and money laundering. After cooperating with the FBI, he served 22 months in federal prison for a pump and dump scheme, which resulted in investor losses of approximately $200 million.

http://en.wikipedia.org/wiki/Jordan_Belfort