What were the Jordan Belfort scam allegations? What to know ahead of The Real Wolf of Wall Street’s release
A new three-part Paramount documentary titled The Real Wolf of Wall Street begins streaming this week on July 14. The show will explore Jordan Belfort’s rise and fall, using footage never seen before, FBI files, and old interviews. What were the Jordan Belfort scam allegations? What to know ahead of The Real Wolf of Wall Street’s release (Instagram) The team at Paramount says the series will explore parts of Belfort’s story that weren’t shown in the 2013 movie. You can watch the documentary on Paramount+. What were the Jordan Belfort scam allegations? Federal prosecutors built their case against Belfort using evidence of a large, planned “pump and dump” scheme. The main charges against Belfort and his partners included securities fraud, market manipulation, and money laundering. Belfort allegedly secretly gathered huge amounts of nearly worthless penny stocks through hidden accounts, and his brokers used aggressive, made high pressure phone tactics to spread hype and push people to buy. During key market events, especially the Steve Madden IPO, Belfort blocked regular investors from selling while his inner …
