the wolf of wall street reddit movieposterporn

“I mean, they want to make some money here, but they are angry as hell and they’re sick and tired of getting stomped out by Wall Street which they have been forever, and they finally now have at least some ammunition to get back.” “It’s not really about making money,” Belfort told Fox host Tucker Carlson. In 2018, he had only repaid $12.8 million, or a fraction of what he owed his investors, and was ordered by a Brooklyn federal judge to hand over his equity interest in a private company as a result.īarstool founder Dave Portnoy sells GameStop, AMC shares at $700K loss He pleaded guilty in 1999 to manipulating investors into buying worthless stocks, was sentenced to 42 months in prison and ordered to pay $110 million back to his victims. The former penny-stock broker, portrayed in the movie “The Wolf of Wall Street” by Martin Scorsese, knows a thing about pumping stocks. “So now the little guy finally has the ability to play that same game at least somewhat, and there is going to be a radical change.”īelfort said he was initially thought the Reddit users touting GameStop shares were engaging in a “pump and dump” - the kind of scheme to artificially inflate a stock price that Belfort pleaded guilty to running at his Stratton Oakmont brokerage.īut he later realized that the rookie traders on the WallStreetBets message board had exposed a “real inefficiency in the market” by putting pressure on hedge funds that bet against the video-game retailer, he said. “The big guys were colluding, doing this stuff, right?” he added.

“I believe this is a paradigm shift right now,” Belfort - the inspiration for the hit film “The Wolf of Wall Street” - told Fox News late Monday.

Infamous stock broker Jordan Belfort threw his support behind the Reddit-fueled revolution in America’s financial markets, saying it would bring about “radical change.” Shoe mogul Steve Madden reveals perils of prison and his past with real-life ‘Wolf of Wall Street’

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The wolf of wall street reddit movieposterporn