Steve Madden, Ltd.
Search results
Stratton Oakmont, Inc. was a Long Island, New York, over-the-counter brokerage house founded in 1989 by Jordan Belfort and Danny Porush. It defrauded many shareholders, leading to the arrest and incarceration of several executives and the closing of the firm in 1996.
Dec 23, 2013 · The Wolf of Wall Street true story confirms that, like in the movie, Stratton Oakmont was the name of the real Jordan Belfort's Long Island, New York brokerage house. Belfort and co-founder Danny Porush (played by Jonah Hill in the movie) chose the name because it sounded prestigious (NYTimes.com).
May 17, 2022 · To anyone who is familiar with Jordan Belfort and Stratton Oakmont's story, it's obvious Danny Porush is Azoff's real-life counterpart.
Apr 3, 2014 · Born on July 9, 1962, in Queens, New York, Jordan Ross Belfort became infamous for his role in swindling millions of dollars from investors in the 1990s through his investment firm,...
Belfort founded Stratton Oakmont as a franchise of Stratton Securities, then later bought out the original founder. [22] Stratton Oakmont functioned as a boiler room that marketed penny stocks and defrauded investors with "pump and dump" stock sales. [24]
Oct 1, 2024 · Stratton Oakmont was described by Porush and Belfort as an “over-the-counter” brokerage house that specialized in selling low-cost common shares of small companies known as “penny stocks.” The firm then artificially inflated prices before dumping their own shares for a high profit.
Jul 17, 2024 · The 2013 film The Wolf of Wall Street is based on the true story of New York stockbroker Jordan Belfort and his associates at Stratton Oakmont — but the real events behind the movie are even wilder than what was on screen.
