Jordan Belfort and Danny Porush founded the brokerage firm of Stratton Oakmont in the late 1980s. The events in The Wolf of Wall Street movie took place during the late 1980s and early 1990s. ĭuring what years did the events in the movie take place? Soon, the stock would fall back to reality, with the investors bearing a significant loss. This would cause the stock to rise, pretty much guaranteeing Belfort and his associates a substantial profit.
Belfort and several of his executives would buy up a particular company's stock and then have an army of brokers (following a script he had prepared) sell it to unsuspecting investors. What exactly did Jordan Belfort do that was illegal?īelfort's Stratton Oakmont brokerage firm ran a classic "pump and dump" operation. Technology, Questron Technologies, and Etel Communications. Meyerson & Co., Czech Industries, M.V.S.I. (their biggest deal), Dualstar Technologies, Paramount Financial, D.V.I. The firm would later be accused of manipulating the IPOs of at least 34 companies, including Steve Madden Ltd. Belfort and co-founder Danny Porush (played by Jonah Hill in the movie) chose the name because it sounded prestigious ( ). The Wolf of Wall Street true story confirms that, like in the movie, Stratton Oakmont was the name of the real Jordan Belfort's Long Island, New York brokerage house. After just one conversation with Jordan, Danny came home and told his wife that he was going to take the Series 7 exam to get his stockbroker's license. She later introduced her husband to him, figuring that Jordan might be able to help Danny with his struggling private ambulette business. She thought he was nice and quickly realized that he lived in their apartment building.
She says that Belfort always gave up his seat for her. In reality, the real Donnie Azoff, Danny Porush, was introduced to Jordan Belfort by his wife, who had met Belfort on the bus during her daily commute to the city. He tells Belfort that if he show's him a pay stub with $72,000 on it, he will quit his job immediately and start working for him. In the movie, Donnie Azoff (Jonah Hill) first encounters Jordan Belfort (Leonardo DiCaprio) at a diner after noticing Belfort's Jaguar in the parking lot.
Jordan (left), with his then wife Nadine, was introduced to Danny Porush (right) via Danny's then wife Nancy (center right).
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