Known as the businessman who inspired the movie “The Wolf of Wall Street” for his stock market scams, former stockbroker Jordan Belfort, 59, has now become a consultant and sales coach, charging tens of thousands of dollars. for private cryptocurrency financial guidance sessions.
According to the American newspaper The New York Times, the new phase of a “cryptocurrency guru” in Belfort’s life is marked by a meeting he had this month with blockchain enthusiasts and entrepreneurs for a weekend-long lecture on the subject. at his home in Miami Beach, United States. The meeting had one promise: to offer guests an “intimate financial experience”.
Newly converted from his skepticism of cryptocurrencies, the entrepreneur is now an investor who controls several start-ups, including a company he claims is “trying to take the dog and pet ecosystem and put it on the market for blockchain”.
Not long ago, however, Belfort even recorded videos on YouTube talking about the dangers of bitcoin, which he called “cursed insanity” and “mass delusion”. Over the years, though, he claims he gradually changed his mind as he learned more about cryptocurrencies and prices soared.
Who was Jordan Belfort?
In the 1990s, the company Belfort founded, Stratton Oakmont, operated a sophisticated stock manipulation scheme. He used the deal to participate in a scheme that forced his investors to put money into low-priced securities and then sell their own shares at an artificially inflated price.
At the height of his wealth, he and his associates regularly used drugs and employed prostitutes. The episode made the businessman serve 22 months in prison. He has also been married twice and is the father of two children.
After leaving prison, Belfort rose to prominence for his books ‘The Wolf of Wall Street’ and ‘The Hunt for the Wolf of Wall Street’.
In the works, he tells his story in the financial market, including the period when he was the man behind Stratton Oakmont. He is also remembered for his lectures, with his motto being his ability to “sell anything to anyone, in huge quantities”.
Now with the page turned on his life, the entrepreneur says he is “massively eager for regulation” in the cryptocurrency industry. “I’m not interested in separating people from their money,” he said.