The Wolf of Wall Street

Download or read book The Wolf of Wall Street written by Jordan Belfort and published by . This book was released on 2008 with total page 519 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.