Steaks, stocks - from a hustling salesman's standpoint, what's the difference? Today Belfort's two-year-old Stratton Oakmont brokerage, operating out of Lake Success, N.Y., specializes in pushing dicey stocks on gullible investors. Looking for a product with more fat in it, Belfort founds stocks. 'I was pretty talented,' shrugs the smooth-talking Belfort, now 29. By the time he was 25, he filed for personal bankruptcy. But he expanded too quickly on too little capital. Within months, he was running a string of trucks, moving 5,000 pounds of beef and fish a week. While staff writer Roula Khalaf ( now foreign editor at the Financial Times) didn't coin the phrase 'The Wolf Of Wall Street,' she did call Belfort a 'twisted Robin Hood who takes from the rich and gives to himself and his merry band of brokers.' Khalaf describes the business model as 'pushing dicey stocks on gullible investors' and noted the already growing challenges from federal investigators. You can read the full text below.ĪT 23, Jordan Belfort was peddling meat and seafood door-to-door on New York's Long Island and dreaming of getting rich. But the movie does correctly feature one of the first public takedowns of Belfort and Stratton Oakmont in a 1991 issue of Forbes magazine. Scorsese and lead actor Leonardo DiCaprio seem less interested in the true facts of Belfort's life and actual details of his securities crimes than in showing off more and more lewd behavior.

Martin Scorsese's 'The Wolf Of Wall Street' is a raucous bacchanalia of sex, drugs, and money on Wall Street that focuses on the excesses of Jordan Belfort's career at over-the-counter brokerage house Stratton Oakmont.

Belfort the wolf of wall street