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Stratton Oakmont, Inc. was a Long Island, New York, over-the-counter brokerage house founded in 1989 by Jordan Belfort and Danny Porush. It defrauded many shareholders, leading to the arrest and incarceration of several executives and the closing of the firm in 1996.
Aug 7, 2019 · Stratton Oakmont was in trouble with the authorities almost from its founding in 1989, but it was not until 1996 that it was finally shut down. Even then it would take three more years for...
Jan 7, 2023 · A former employee from the infamous Wolf of Wall Street firm Stratton Oakmont is sharing stories from when he worked at the New York brokerage house.
Dec 23, 2013 · Jordan Belfort and Danny Porush founded the brokerage firm of Stratton Oakmont in the late 1980s. The securities fraud and money laundering charges brought against the firm involved companies that Stratton Oakmont helped raise money for in public stock offerings from 1990 through 1997.
Belfort founded Stratton Oakmont as a franchise of Stratton Securities, then later bought out the original founder. Stratton Oakmont functioned as a boiler room that marketed penny stocks and defrauded investors with "pump and dump" stock sales.
May 17, 2022 · Belfort founded Stratton Oakmont while married to Denise, and they divorced after she found out about his affair in 1991 (per The U.S. Sun). After their divorce, Denise led a low-profile life...
Feb 6, 2024 · The overall story of Jordan Belfort (Leonardo DiCaprio) and his brokerage firm Stratton Oakmont, as presented in Scorsese’s film, is true to life. Belfort was violating probably hundreds of laws...
Dec 26, 2013 · Ruling: Fact. Steve Madden did give a speech the day of the IPO, to which the Stratton Oakmont brokers responded with jeers. Madden, Belfort and Porush owned most of the stock and drove up the...
It recounts Belfort's career as a stockbroker in New York City and how his firm, Stratton Oakmont, engaged in rampant corruption and fraud on Wall Street, leading to his downfall.
Dec 31, 2013 · He and his partner earned enough to buy out Stratton and form Stratton Oakmont, which he built into one of the largest over-the-counter brokerage firms in the country.
