Sunday, December 29, 2013

The Forbes' Original Takedown Of Jordan Belfort The 'Wolf Of Wall Street'

Brian Solomon writes:
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. 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. But the movie does correctly feature one of the first public takedowns of Belfort and Stratton Oakmont in a 1991 issue of Forbes magazine.

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 complete original article here.

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