Jordan Belfort: The Robin Hood of Wall Street Jordan Belfort, better known as the man who served as the basis for The Wolf of Wall Street movie, concocted a scheme to bring in copious amounts of money to his investing firm Stratton Oakmont. Belfort’s company thrived on earning money from the commissions of investments the wealthiest 1% of America made. Stratton Oakmont became one of the most powerful investment firms in the United States. Hundreds of people were employed by the large investment firm. The firm earned a lot of money through the hard work of employees. The employees were average people with ambitions to make a lot of money. Jordan Belfort was at the helm of the investment giant. He single handedly created hundreds of very good paying jobs with an easy going work
On the contrary, Jordan Belfort is a caring and loving man who has a strong connection with his friends and family. In fact, Jordan Belfort is a great businessman who’s Robin Hood like actions propel himself as well as his employees into the upper echelon of America’s wealthy showing the genuine and caring man he can be. Jordan Belfort was not always a money hungry sex crazed animal. In fact, Belfort has many redeeming qualities. The creation of Stratton Oakmont LLC allowed the Wolf of Wall Street to hire his friends and other people in need of good paying jobs (Alleva). The movie showed a sensitive side of Belfort. This side showed how lonely a man he is and how badly he wanted to garner everyone’s respect and attention. This goes to show he is a man of feelings. The end of the work day at Stratton Oakmont was always eventful. Belfort hired strippers, hookers, and midgets to throw a party after a hard day’s work (Alleva). Clearly this is an over the top celebration. Despite, Belfort wanted nothing more than to please his partners that worked for him. The strippers and hookers served the physical needs of his male employees, albeit
The movie “The Wolf On Wall Street” was a Martin Scorsese interpretation on a memoir by Jordan Belfort, a millionaire who managed to out con his way to the top at any cost. The film, as well as the book, share precise details of Jordan Belfort’s life, and how he managed to cheat, lie, and out smart his way into millions. Jordan Belfort read the book The Bonfire Of The Vanities and used it, as well as the writing style of Hunter S. Thompson, as his inspiration to write his own book, which then became the movie. Although the movie was not directly based on Tom Wolfe 1987 classic The Bonfire Of The Vanities, it does share several similarities, as well as differences, to the memoir.
Jordan Belfort, a multi-million dollar scam artist who travelled the road to riches. While travelling this journey, he established many relationships that helped him reach such destination. The memoir The Wolf of Wall Street portrays the relationships and influences people had on Jordan and vice versa. The three biggest influences that Jordan encountered were Mark Hanna, Danny Porush and Nadine Belfort.
Jordan Belfort throughout his entire life subverted the law for his own financial gain, always seeing money as worth the risk in the decisions he made. His decisions were made by a rational mind of his own volition, considering the long-term possibilities and how to stay ahead of his pursuers. He constructed an environment with Stratton Oakmont to enable this behaviour, as well as corrupt those around him to follow in his footsteps. This lead to his repeated violations of laws to generate wealth when his fear of punishment was lower than that of the rewards he could potentially gain. It was only when he was confronted with the reality of his punishment and experienced it directly that he was finally deterred from his criminal behaviour.
The Wolf of Wall Street is based on the life and also the author, Jordan Belfort. Jordan becomes discontent with his everyday life and realizes his talent for selling. As he continuously gains more money, he begins using more drugs. Way more drugs. Jordan starts his own brokerage firm named Stratton-Oakmont. Jordan hires a staff of, well, criminals to help him sell cheap stocks. They would sell all of these cheap stocks to their customers, then Belfort would buy large amounts of these stocks, running up the price, and then dump it. Finally, Jordan begins running into a lot of legal trouble as the FBI is on to the ways his brokerage firm works. Although Belfort has the FBI watching him very closely, he continues to spend huge sums of money on things such as boats, cars, houses, strippers/hookers, and last, but certainly not least, drugs. As Jordan’s already massive drug problem continues to escalate, he has to keep a very large portion of his money in a European account to hide it from the Feds. Belfort ends up going to prison for 22 months for fraud of his
Jordan Belfort is the notorious 1990’s stockbroker who saw himself earning fifty million dollars a year operating a penny stock boiler room from his Stratton Oakmont, Inc. brokerage firm. Corrupted by drugs, money, and sexuality he went from being an innocent twenty – two year old on the fringe of a new life to manipulating the system in his infamous “pump and dump” scheme. As a stock swindler, he would motivate his young brokers through insane presentations to rile them up as they defrauded investors with duplicitous stock sales. Toward the end of this debauchery tale he was convicted for securities fraud and money laundering for which he was sentenced to twenty – two months in prison as well as recompensing two – hundred million in restitution to any swindled stock buyers of his brokerage firm (A&E Networks Television). Though his lavish spending and berserk party lifestyle was consumed by excessive greed, he displayed both positive and negative aspects of business communications.
In a different form of expression, Martin Scorsese’s movie The Wolf of Wall Street tells of Jordan Belfort’s rise to the top of Wall Street. Jordan experiences the hardships of working on Wall Street and overcomes the odds and is now recognized as one of the best sales trainers in today’s world. Both males share similar traits, other than the liver damaging pastimes; Jordan and Tom are both self-indulgent, desperate, and dissatisfied with their lives. The difference comes in how much they achieve in the end; Tom feels guilt for leaving his family, while Jordan is far from remorseful of his actions. Specifically, Tom’s self-indulgence is mostly his way of dealing with his home life.
“To some, Bernard L. Madoff was an affable, charismatic man who moved comfortably among power brokers on Wall Street and in Washington, a winning financier who had all the toys: the penthouse apartment in Manhattan, the shares in two private jets, the yacht moored
The movie Wall Street (1987) and the play Junk by Ayad Akhtar tell similar Wall Street stories each depicting people willing to break the law in order to make money. In both works money and greed are what fuel and end up getting both Bud Fox and Bob Merkin indicted. Throughout both works many innocent people are hurt because of the carelessness of a select few who will stop at nothing to earn a couple bucks. The main theme in both Junk and Wall Street is greed.
This movie starts off as Jordan Belfort, the main character in the movie, losing his job as a stockbroker in Wall Street. After losing his job, he goes and gets a job in a Long Island brokerage room. In the brokerage room, he sells penny stocks. Thanks to him being aggressive in his selling skills, he was able to make a profit. With the new income, he gives his wife a bracelet and she asked him why doesn’t he go after the people that can afford to lose money, not the middle-class people or lower income people. That is when he gets the idea to get a lot of young people and train them to become the best stock brokers.
Richard Fuld and the other senior management executives at Lehman Brothers displayed similar traits to the executives at Enron, being high risk takers – with other people’s money, gamblers, charisma which inspired almost ‘cult like’ followings by staff and an attitude that they were right. However they did not promote a corporate culture as espoused in their company’s Code of Conduct, but displayed unethical behaviours that filtered down from the top to the bottom of the
The Wolf of Wall Street is a movie about Jordan Belfort, played by Leonardo DiCaprio, who starts at a small stock broking company. Belfort’s character is easily seen as a charming guy who wants to live the lavish life to the fullest. Belfort starts as a rookie for in the stock broking industry where he works for Mark Hanna. Hanna’s character foreshadows some of the issues that Belfort will face later in the movie, for example, Hanna gives him tips on how to deal with the daily stresses of the job, such as masturbating several times a day, using cocaine and soliciting prostitutes. Forward a couple months later, Belfort gets his broking license and at the same time the stock market suffered a crash in which the broking company he works for goes out of business. However, Belfort moves on to start his own broking company selling penny stocks and realizes he could really make lots of money off of vulnerable people who want to get rich quick. As a result, he starts his own company, Stratton Oakmont, in which his meets his company partner, Donnie Azoff, who also introduces Belfort to cocaine. As Belfort grows insanely wealthy he becomes more power hungry and participates in many illegal deeds. Predominantly, securities fraud, in addition to the use
Jordan Belfort is the notorious 1990’s stockbroker who saw himself earning fifty million dollars a year operating a penny stock boiler room from his Stratton Oakmont, Inc. brokerage firm. Corrupted by drugs, money, and sex, he went from being an innocent twenty – two year old on the fringe of a new life to manipulating the system in his infamous “pump and dump” scheme. As a stock swindler, he would motivate his young brokers through insane presentations to rile them up as they defrauded investors with duplicitous stock sales. Toward the end of this debauchery tale he was convicted for securities fraud and money laundering for which he was sentenced to twenty – two months in prison as well as recompensing two – hundred million in restitution to any swindled stock buyers of his brokerage firm. Though his lavish spending and berserk party lifestyle was consumed by excessive greed, he displayed both positive and negative aspects of business communications.
Enron was able to employ over 20,000 employees across the globe. The recession of 2000 had Enron investors on the short end of the stick. The CEO, Jeff Skilling, had a clever and manipulative way of “hiding the financial losses of the trading business and other operations of the company,” (Investopedia). Skilling used a technique called mark to marketing accounting. The mark to market innovation “led to schemes that were designed to hide the losses and make the company appear to be more profitable than it really was,” (Investopedia). Andrew Fastow was a popular and growing businessman who was promoted to Chief Executive Officer in 1998. Fastow invested in his own companies using Enron as the main investor so he was always able to make a profit. Fastow knew that subsidiaries were losing money, however, he made the company seem as it was in great shape. Fastow and other high officials would hide tremendous amounts of debt from big investors and creditors using “special purpose vehicles,” (Investopedia). “The company, it was revealed, had made about a dozen "partnerships" with companies it had created, and it used those partnerships to hide huge debts and heavy losses on its trading
An allusion of success and wealth fueled by poor motives as well as a thirst for survival in this competitive energy trading market. “Enron The Smartest Guys in the Room” was a documentary produced in 2005, that gave a deeper look into the behind the scenes fraud and inflation involving Enron’s accounting and revenue. Alex Gibney shows why people like Jeff Skilling, Andrew Fastow, and Kenneth Lay were able to pull of such a massive success while being nearly bankrupt and destroyed financially and socially. Gibney does not want to glorify them or give them props for their actions whatsoever, so he does this by identifying their financial and ethical weaknesses. Enron is one huge scandal, full of numerous illegal actions
By having a lot of money can make life easier and more comfortable. People say over-abundance of wealth can cause many problems in our lives. In the movie Woft Of Wall the main character is Street Jordan Belfort, who started off as an employee who work as a stock sales man. Who work his way up and became the top salesmanship man of New York Wall Street. From there he was making millions of dollars living the high life to his fall involving crime, corruption and the federal government. Although he was making a lot of money, but having too much money could influenced him in a negative way. His quote from the movie was Money . . . makes you a better person”. Does money make you a better person? The care and concern from a person, affection and intimacy are way