Meet the original wolf of Wall Street

The investment firm Jordan Belfort helmed in the 1990s boasted hookers in the basement, little-person tossing on Fridays, and drugs all the time, says New York Magazine.

Read: A peek behind the Wall Street curtain

Belfort lived an outsized life on other people’s money, and in 1998 was arrested for securities fraud, taking investors for $110 million. He spent time in prison and must now pay restitution to his victims. While he was there, he wrote a book, The Wolf of Wall Street. Now Leonardo DiCaprio will be playing him in a movie, directed by Martin Scorsese.

Read New York Magazine’s profile of Belfort here.

Also read:

ID theft rampant during the holidays

5 ways to beat a prospecting slump

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.