Stratton Oakmont
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Stratton Oakmont was a Long Island, New York, "pump and dump" boiler room brokerage house founded by Jordan Belfort, Danny Porush, COO Steven Carter and CFO Kenny Greene that was shut down in the late 1990s. Jordan Belfort wrote a book about it entitled The Wolf of Wall Street. Belfort was convicted of securities fraud in 1999 and served 22 months of a 4 year sentence.
Alabama Securities Commissioner Joseph Borg pushed the formation of a multi-state task force which eventually led to the prosecution of Stratton Oakmont after his office was inundated with complaints regarding the brokerage.[1]
Certain websites, such as IMDb, state that there is currently a movie due to start production at some point in 2010. Leonardo Dicaprio has been flagged to star as Jordan Belfort and Martin Scorsese is slated to direct.[1]
[edit] See also
[edit] References
- ^ a b Hubbard, Russell (21 March 2010). "Joe Borg, Alabama Securities Commission boss, has reputation of being tough on crooks". The Birmingham News. http://blog.al.com/businessnews/2010/03/joe_borg_alabama_securities_co.html. Retrieved 25 January 2011.
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