Like cocaine, Quaaludes are highly addictive with little or no accepted medical use. Eventually, Belfort became addicted to Quaaludes and cocaine. “The Wolf of Wall Street” broker Jordan Belfort and his cohorts led an excessive lifestyle, constantly partying using illegal drugs.

Let’s review some of these crimes depicted in the movie and the punishment you could receive if you were convicted of committing these crimes… California Possession of a Controlled Substance (Health & Safety Code Section 11350) Law enforcement investigation of “The Wolf of Wall Street” could have resulted in many state and federal charges. Belfort agreed to cooperate with the FBI in exchange for a reduced four-year sentence in federal prison for his role in the “pump and dump” scheme. The FBI prosecuted Belfort in 1998 for securities fraud and money laundering. According to the film, his life involved frequently soliciting the services of a prostitutes and becoming addicted to Quaaludes and cocaine during his years as a stock swindler. brokerage firm which functioned as a boiler room bilking unsuspecting investors out of hundreds of millions of dollars in a penny stock swindling operation. Jordan Belfort, a former stockbroker, and motivational speaker is the real-life subject of the memoir he authored entitled “The Wolf of Wall Street.” His life during the 1980s and 1990s of extraordinary wealth, corruption and illegal drugs was also the inspiration behind the Academy Award-nominated 2013 film of the same name starring Leonardo DiCaprio.īelfort was the founder of Stratton Oakmont, a Long Island, N.Y. Behind the Life of Jordan Belfort: True Crimes Depicted in “The Wolf of Wall Street” The crimes in The Wolf of Wall Street are prosecuted aggressively.

Belfort the wolf of wall street