The wolf of Wall Street
By: Jordan Belfort.
Edition: Bantam trade pbk. ed.
Publisher: Bantam Books
Published: 2008
Place of publication: New York
Language: eng
Number of pages: 519
ISBN-13: 9780553384772
Subjects: Belfort, Jordan; Stockbrokers -- New York (State) -- New York -- Biography; Securities industry -- New York (State) -- New York; Wall Street (New York, N.Y.)
Genres: Biography.
Description: Belfort, who founded one of the first and largest chop shop brokerage firms in 1987, was banned from the securities business for life by 1994, and later went to jail for fraud and money-laundering, delivers a memoir that reads like fiction. It covers his decade of success with straightforward accounts of how he worked with managers of obscure companies to acquire large amounts of stock with minimal public disclosure, then pumped up the price and sold it, so he and the insiders made large profits while public investors usually lost. Profits were laundered through purchase of legitimate businesses and cash deposits in Swiss banks.