Jordan Belfort arrested news still makes rounds on the internet sources. Keep reading this article till the end to know more about his current update.
Jordan Belfort is a former stockbroker, motivational speaker, and author. He gained notoriety for his role as the founder of the brokerage firm Stratton Oakmont in the 1990s.
Meanwhile, Belfort’s life and career were depicted in the movie The Wolf of Wall Street, directed by Martin Scorsese and starring Leonardo DiCaprio as Belfort.
Belfort built his fortune through aggressive and fraudulent sales tactics, primarily involving penny stocks.
Likewise, his firm, Stratton Oakmont, engaged in securities fraud and market manipulation, resulting in Belfort’s eventual arrest and conviction.
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Jordan Belfort Arrested News In 2023
Jordan Belfort arrested news still makes rounds online and people want to know the truth. As of now, there are no facts about him being detained.
It appears that the news went viral after online users started searching for Jordan’s detention. Furthermore, the confusion may have been created after Belfort’s past incident.
Jordan Belfort arrest news still makes rounds online but the news is from 1998 when he was detained. ( Source: Evening Standard )
On September 2, 1998, Belfort was arrested for planning to launder money and commit fraud in the stock market. His actions led to 1,513 investors losing over $200 million.
So, the arrest incident happened a long time ago and netizens still get curious and ask multiple questions on the web.
Between the time he was featured in Forbes and his arrest, Jordan Belfort lived a lavish and destructive lifestyle. He curled into drug addiction and funded his extravagant life through his fraudulent business practices.
Is Jordan Belfort In Jail Now?
No, Jordan Belfort is not in jail as he is free. The topic arose when people started to get curious about Jordan’s arrest news which was from the past.
As stated earlier, he was detained for planning to launder money and commit fraud in the stock market on September 2, 1998.
Jordan Belfort is not in jail but he spent a week in custody after being arrested on September 2, 1998. ( Source: The Telegraph )
After being arrested, Jordan Belfort spent a week in custody. He then struck a deal with law enforcement, agreeing to wear a wire and record conversations with his business associates who were being investigated.
Belfort helped put many financial pros and lawyers in prison by sharing information, but he also went to jail. He got a four-year sentence in 2003 but served only 22 months. In addition to that, he was also fined $110 million.
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Short Details On Jordan Belfort Life
Jordan Belfort was born on July 9, 1962, in New York City, U.S. He was raised by his parents Max and Leah who were accountants by profession.
Furthermore, his parents were noted to be Jewish. Before starting college, Belfort and his friend Elliot Loewenstern made $20,000 by selling Italian ice from coolers at a nearby beach during the time between high school and college.
Jordan Belfort has married thrice in his life and is the father of two kids. ( Source: The Guardian )
Not to mention, Jordan has been married thrice in his life. Between 1985 and 1991, he was married to Denise Lombard. Later in 1991, he tied the knot with Nadine Caridi.
Caridi is a notable British-born American psychologist, author, and former model. They met each other at a party. Together, Caridi and Jordan welcomed two kids: Chandler Belfort and Carter Belfort.
However, they divorced in 2005. Following that, Belfort married Anne Koppe in 2008 and remained together until 2020.