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By day he made thousands of dollars a minute. By night he spent it as fast as he could, on drugs, sex, and international globe-trotting. From the binge that sank a 170-foot motor yacht, crashed a Gulfstream jet, and ran up a $700,000 hotel tab, to the wife and kids who waited for him at home, and the fast-talking, hard-partying young stockbrokers who called him king and did his bidding, here, in his own inimitable words, is the story of the ill-fated genius they called…
In the 1990s Jordan Belfort, former kingpin of the notorious investment firm Stratton Oakmont, became one of the most infamous names in American finance: a brilliant, conniving stock-chopper who led his merry mob on a wild ride out of the canyons of Wall Street and into a massive office on Long Island. Now, in this astounding and hilarious tell-all autobiography, Belfort narrates a story of greed, power, and excess no one could invent.
Reputedly the prototype for the film Boiler Room, Stratton Oakmont turned microcap investing into a wickedly lucrative game as Belfort’s hyped-up, coked-out brokers browbeat clients into stock buys that were guaranteed to earn obscene profits–for the house. But an insatiable appetite for debauchery, questionable tactics, and a fateful partnership with a breakout shoe designer named Steve Madden would land Belfort on both sides of the law and into a harrowing darkness all his own.
From the stormy relationship Belfort shared with his model-wife as they ran a madcap household that included two young children, a full-time staff of twenty-two, a pair of bodyguards, and hidden cameras everywhere—even as the SEC and FBI zeroed in on them—to theunbridled hedonism of his office life, here is the extraordinary story of an ordinary guy who went from hustling Italian ices at sixteen to making hundreds of millions. Until it all came crashing down…
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. There is only brief mention of Belfort's life before Wall Street or events since 1997. The book's main topic is the vast amount of sex, drugs and risky physical behavior Belfort managed to survive. As might be expected in the autobiography of a veteran con man with movie rights already sold, it's hard to know how much to believe. The story is told mostly in dialogue, with allegedly contemporaneous mental asides by the author, reported verbatim. But it reports only surface events, never revealing what motivates Belfort or any of the other characters. (Oct. 2)
Copyright 2007 Reed Business Information More Reviews and RecommendationsAfter graduating from American University, Jordan Belfort worked on Wall Street for ten years. He is currently living in Los Angeles with his two children.
Number of Reviews: 6
Average Rating:
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My Opinion
Rose, A reviewer, 04/29/2008
I thought the book was excellent!!! I would love to meet Jordan not to mention work for him. Could not put the book down. Unbelievable story! Hope he writes again soon.
Interesting story if you can get past the self admiration
Derek, A reviewer, 03/12/2008
I will begin this review by saying that the story line is very intriguing. With that being said, Belfort may have been better served to cut this book down to about 300 pages instead of the 519 and perhaps have a real author write it. While I do recoginize that he is a great salesman (albeit a scam artist), having to read on every page about how this much cost or how that much costs gets old very quickly. Jordan, we get it, you made ALOT of money. Obscene amounts of money. One can easily ascertain this early on in the book. No need to extend the book by another 200 pages just so that you can drive this point home over, and over, and over. Getting into all the 'business' aspects kept me reading. I will admit that I was impressed with the complexity of his dealings. He truly did have a great mind and used it to his advantage. The one disturbing occurence that continually played out was the fact that he was an absolute horrible husband and father and had the audacity to laugh about it. All in all it was a good read. Despite the unecessary ranting, it was hard to put down. I recommend it but a Pulitzer Prize winner it is not.
Also recommended: Rigged-Ben Mezrich Bringing Down The House-Ben Mezrich
More Customer ReviewsIn 2003, Jordan Belfort pleaded guilty to money laundering and securities fraud. He was sentenced to four years in prison and ordered to pay back $119 million to investors. Before this grand comeuppance, the Stratton Oakmont executive was king of the hill -- a Wall Street wonder boy, a multimillionaire at 26. This brash young man was also a hard partier and playboy, a globe-trotting cocaine addict who crashed a Gulfstream jet and ran up a $700,000 hotel tab. The Wolf of Wall Street describes the rise and fall of a crooked American entrepreneur who somehow lived to tell the story.
By day he made thousands of dollars a minute. By night he spent it as fast as he could, on drugs, sex, and international globe-trotting. From the binge that sank a 170-foot motor yacht, crashed a Gulfstream jet, and ran up a $700,000 hotel tab, to the wife and kids who waited for him at home, and the fast-talking, hard-partying young stockbrokers who called him king and did his bidding, here, in his own inimitable words, is the story of the ill-fated genius they called…
In the 1990s Jordan Belfort, former kingpin of the notorious investment firm Stratton Oakmont, became one of the most infamous names in American finance: a brilliant, conniving stock-chopper who led his merry mob on a wild ride out of the canyons of Wall Street and into a massive office on Long Island. Now, in this astounding and hilarious tell-all autobiography, Belfort narrates a story of greed, power, and excess no one could invent.
Reputedly the prototype for the film Boiler Room, Stratton Oakmont turned microcap investing into a wickedly lucrative game as Belfort’s hyped-up, coked-out brokers browbeat clients into stock buys that were guaranteed to earn obscene profits–for the house. But an insatiable appetite for debauchery, questionable tactics, and a fateful partnership with a breakout shoe designer named Steve Madden would land Belfort on both sides of the law and into a harrowing darkness all his own.
From the stormy relationship Belfort shared with his model-wife as they ran a madcap household that included two young children, a full-time staff of twenty-two, a pair of bodyguards, and hidden cameras everywhere—even as the SEC and FBI zeroed in on them—to theunbridled hedonism of his office life, here is the extraordinary story of an ordinary guy who went from hustling Italian ices at sixteen to making hundreds of millions. Until it all came crashing down…
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. There is only brief mention of Belfort's life before Wall Street or events since 1997. The book's main topic is the vast amount of sex, drugs and risky physical behavior Belfort managed to survive. As might be expected in the autobiography of a veteran con man with movie rights already sold, it's hard to know how much to believe. The story is told mostly in dialogue, with allegedly contemporaneous mental asides by the author, reported verbatim. But it reports only surface events, never revealing what motivates Belfort or any of the other characters. (Oct. 2)
Copyright 2007 Reed Business InformationA cocky bad boy of finance recalls, in much detail and scabrous language, his nasty career as a master of his own universe. At a young age, in an industry with many precocious bandits, Belfort ran a Long Island-based brokerage with the deceptively WASP-y name of Stratton Oakmont. It was a bucket shop habitually engaged in crooked underwritings. Its persuasive boss was a stock manipulator and tax dodger; he details the stock kiting, share parking, money laundering and customer swindles. Many millions poured in, and cash brought with it excess upon excess. Along with compliant women and copious drugs, there were multiple mansions, many servants, aircraft, yachts and, for all the guys on the trading floor, trophy wives. Among his under-the-table and beneath-the-sheets activities, the author's most imperative seemed to be sex and dope-taking, despite his professed abiding love for his (now ex) wife and kids. Belfort's portrait of his family is vivid, as is his depiction of the merry cast of supporting players: sweet Aunt Patricia, a Swiss forger, evil garmentos, Mad Max (Stratton's CFO and his father). The melodrama covers coke snorting, Quaalude eating, kinky sex, violence, car wrecks, even a sick child and a storm at sea. "A cautionary tale," the author calls it. It is crass, certainly, and vulgar-and a hell of a read. Belfort displays dirty writing skills many basis points above his tricky ilk. His chronicle ends with his arrest for fraud. Now, with 22 months in the slammer behind him, he's working on his next book. Entertaining as pulp fiction, real as a federal indictment. Agent: Joel Gotler/Intellectual Property Group
Number of Reviews: 6
Average Rating:
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Write a Review
My Opinion
Rose, A reviewer, 04/29/2008
I thought the book was excellent!!! I would love to meet Jordan not to mention work for him. Could not put the book down. Unbelievable story! Hope he writes again soon.
Interesting story if you can get past the self admiration
Derek, A reviewer, 03/12/2008
I will begin this review by saying that the story line is very intriguing. With that being said, Belfort may have been better served to cut this book down to about 300 pages instead of the 519 and perhaps have a real author write it. While I do recoginize that he is a great salesman (albeit a scam artist), having to read on every page about how this much cost or how that much costs gets old very quickly. Jordan, we get it, you made ALOT of money. Obscene amounts of money. One can easily ascertain this early on in the book. No need to extend the book by another 200 pages just so that you can drive this point home over, and over, and over. Getting into all the 'business' aspects kept me reading. I will admit that I was impressed with the complexity of his dealings. He truly did have a great mind and used it to his advantage. The one disturbing occurence that continually played out was the fact that he was an absolute horrible husband and father and had the audacity to laugh about it. All in all it was a good read. Despite the unecessary ranting, it was hard to put down. I recommend it but a Pulitzer Prize winner it is not.
Also recommended: Rigged-Ben Mezrich Bringing Down The House-Ben Mezrich
A reviewer
DH (finddebra@msn.com), a big reader of mostly fiction., 01/23/2008
What a read !! Unreal. I would love to meet this guy Jordan Belfort. I kept thinking even if only half of this stuff is true, he still was a wild man and a genius. But then I read the 3 reviews before I wrote this, all of whom were former employees at Stratton Oakmont & they say it's mostly all true. Wish I had worked there ! Loved the part about the chimpanzee in roller skates & a diaper-some very funny stuff in this book. It will make a great movie if they get it right.
Also recommended: Bonfire of the Vanities
A reviewer
Lori (betyb4u@comcast.net), A reviewer, 10/23/2007
As a Sales Assistant at Stratton for 6 years, I really enjoyed Jordan's Book. I couldn't put it down and read it in 2 days. There were some gross exaggerations about the Sales Assistants (not all were young blonde, bosomy, sex fiends who dressed in short skirts or made $100K a year) but for the most part everything else that happened in the board room was true.
i worked there t oo
A reviewer, friend, 10/06/2007
the book totally downplayed the rold of jordan's partner danny who ran the firm while jordan was wacked out. businesses are run by functioning people, I worked ther for three years and never met jordan but dealt with danny every day. he was the real wolf...........
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