Title: Why did Jordan Belfort go to jail? - Quora
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Why did Jordan Belfort go to jail?
Content: Jordan Belfort went to jail for securities fraud and money laundering. Belfort founded Stratton Oakmont which marketed penny stocks and defrauded investors with the pump and dump schemes. The firm was always under legal/regulatory suspicion, and its notoriety inspired the movie Boiler Room, as well as the movie The Wolf of Wall Street. The National Association of Securities Dealers/Financial Industry Regulatory Authority started disciplinary actions against Stratton Oakmont in 1989 and it was shutdown in 1996. Belfort was then indicted for securities fraud and money laundering. Belfort ser
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TL;DR: Jordan Belfort went to jail for securities fraud and money laundering. Belfort founded Stratton Oakmont which marketed penny stocks and defrauded investors with the pump and dump schemes. The firm was always under legal/regulatory suspicion, and its notoriety inspired the movie Boiler Room, as well as the movie The Wolf of Wall Street. The National Association of Securities Dealers/Financial Industry Regulatory Authority started disciplinary actions against Stratton Oakmont in 1989 and it was shutdown in 1996.