Daily Smart Fact #31: Boiler Rooms, Pump and Dump, and Leonardo DiCaprio
Fen and educational.
Takeaway: Jordan Belfort, the inspiration for the movie Boiler Room and the upcoming DiCaprio flick The Wolf of Wall Street, spent 22 months in jail for “crimes related to stock market manipulation and running a boiler room“. He cooperated with the FBI and was indicted in 1998 for a “pump and dump” scheme that resulted in a $200 million loss for investors. Jordan now lives in L.A. as a motivational speaker and lives the high life with hookers and cocaine. Fine, the last part may or may not be true. But 22 months seems a little light for screwing over thousands of investing suckers, don’t you think? Life is unfair.
Leonardo DiCaprio. Dammit, what can’t that man do. His most recent movie The Wolf of Wall Street is yet another testament of his abilities to make drugs, hot women taped in hundred dollah bills, and midget-throwing just look…
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