Rabbi David Masinter director of Chabad activities at Chabad House in Johannesburg South Africa putting on Tefillin with Jordan Belfort. Belfort is known as the ‘Wolf of Wall Street’ after his two bestselling novels which he authored after being released from a 22 month stint in prison.
Jordan Belfort, an American author, motivational speaker, and former white collar criminal who spent 22 months in jail for offenses related to stock market manipulation and running a boiler room. He became notorious in the 1990s for founding the brokerage firm Stratton Oakmont which functioned as a boiler room.
As the owner of Stratton Oakmont, he employed over 1000 stockbrokers and raised over $1 billion for small-cap public companies, including footwear company Steve Madden Ltd. He was indicted in 1998 for securities fraud and money laundering. After cooperating with the FBI, he served twenty-two months in federal prison for a Pump and dump scheme, which resulted in investor losses of approximately $200 million.