Jordan Belfort, The Wolf of Wall Street.
Jordan Belfort was an American stockbroker from 1987-1999. He worked for L.F. Rothchild, one of the biggest stockbroker companies in the 1980's. After working there for 6 months, Belfort was laid off and L.F. Rothchild shut down after 87 years of operation. For weeks Belfort looked for jobs involving sales and merchandise, no jobs were coming up available. He found a job in Staten Island, New York at a place called Investacenter. He worked there for months selling penny stocks to big time business owners and making 50% commission on everything that he sells. Unlike blue-chip stocks you only make 2% commission. Once Belfort figured out how to cheat the system and started his own stock broker firm, Stratton Oakmont. Then for the next 10 years Belfort committed money laundry, stock fraud, and securities fraud and was convicted and served 22 months in a federal prison.
Above, I gave you some background information because this ties into him not paying back his $110 million dollar debt. Mr. Belfort owes his customers and business he stole from the money he took.
But, he is behind on his payments. He's only payed back $11.6 million so far. He's behind by 6 months as reported by the NYPD. The police commissioner along with the local justice departments are in works with Mr. Belfort's lawyers to reduce the monthly payments.
I found this very interesting due to the fact that I love the movie and find law interesting.
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