because Saurel has been arrested in Florida and has offered information about Jordan by way of a deal. Two years later, Jordan is arrested by the F.B.I. This, decides Jordan, is God talking to him, telling him to change his life and clean it up. Jordan, Donnie and their wives are rescued but the plane that is flying them to safety collides with a seagull. He wants to bypass Swiss border control and so decides to sail to Monaco and enter the country that way the yacht capsizes because of a storm. Jordan feels this would be a good time for a trip to Switzerland to settle the bank account he opened there in her name. He does leave town for a while though he and Donnie take their wives on a vacation to Italy and whilst they are there, they receive word that Aunt Emma has passed away suddenly as a result of a heart attack. During his leaving speech he actually manages to talk himself out of leaving at all. Jordan has every intention of leaving the firm because his head tells him it is the smart thing to do but his heart is telling him something else. Whilst plans for this are being put in motion, Jordan's attorney negotiates a deal with authorities that guarantees him no prison time at all. and his father urges him to leave Stratton Oakmont and keep his head down. Jordan, meanwhile, has discovered that his telephones are being wiretapped by the F.B.I. Although he is questioned hard he never mentions Jordan or Donnie. He starts an argument with Brad that turns into a brawl, and although he manages to leave before the police arrive, Brad does not, and is arrested. Donnie is finding it hard to maintain his composure. These are tense times, and tempers are frayed, at best. He smuggles the cash into Switzerland with his friend Brad Bodnick's wife and in-laws, who held European passports. He opes a Swiss bank account in the name of Naomi's Aunt Emma, a British national and so outside of the reach of the American authorities. and when Jordan learns he is under investigation, he decides to start moving his money away from the reach of the authorities. Jordan secures the IPO of the footwear company Steve Madden, and makes twenty two million dollars in three hours, all completely illegally. Whilst he is enjoying the high life, the SEC are investigating Stratton Oakmont. Married at the time, Jordan meets a woman named Naomi Lapaglia, and marries her after his wife divorces him, having found out about his cheating. Jordan's life becomes all about drugs and prostitutes. His company, Stratton Oakmont, is successful and a magnet to ambitious young financiers who want to work there. With so many shares being sold at once, the share price tanks, and the smaller investors lose their money. They perfected the pump and dump scam, a form of securities fraud that makes positive statements in order to artificially inflate the value of a stock only to sell cheaply purchased stock at a much higher price. Jordan and his neighbor Donnie Azoff found their own company, bringing a handful of Jordan's friends on board with them Jordan trains them in his own particular art of the hard sell. He takes a job at a penny stock firm based in Long Island, but he makes a fortune because he enjoys high commission and he has a high-rolling style that his clients find attractive. Hanna believes that the only goal of a stockbroker is to make money for himself.Ĭome Black Monday, Jordan is terminated when the company folds. Hanna fast draws him in with tales of a promiscuous stockbroker culture where drugs and sexual encounters with insanely beautiful women are on tap to the successful. Rothschild was a merchant and investment banking firm where in 1987 Jordan Belfort, a stockbroker, finds a job working for Mark Hanna. We are thankful for their contributions and encourage you to make your own. These notes were contributed by members of the GradeSaver community.
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