There's compelling evidence that Jordan Belfort - the self-styled 'Wolf of Wall Street' - is as slippery now as he was when he was swindling pensioners and others out of their life savings in a securities fraud committed more than 20 years ago.
Recently-filed documents filed at federal court in the United States suggest that he has voluntarily paid little to satisfy a $110 million judgment against him in 2003, despite his public claims that he would contribute 100% of his revenues from his books and the Martin Scorsese movie.
Instead, prosecutors have accused him of being "delinquent in his payments" and of using an array of companies to avoid paying restitution to his victims, while Belfort is trying to wriggle out of the judgment by claiming that his obligation to pay restitution ended when his period of supervised release finished in 2009.
Meanwhile, last month, a producer with the news magazine program 'Inside Edition' filed a request at federal court in New York for a list of the victims of Belfort's fraudulently-operated firm Stratton Oakmont.
In his letter to the judge, Larry Posner wrote that "… Mr. Belfort seems to minimize the damage he's caused his victims. He's been quoted in the press saying, "We were calling very wealthy people, and you weren't losing people's life savings." I have personally spoken to victims who are still paying the price of Mr. Belfort's crimes and are in no way considered wealthy. Many victims are upset how the recent movie The Wolf of Wall Street glamorized Mr. Belfort life without focusing on the hardships his crimes causes to the victims of Stratton Oakmont.
"In this light, I would like to request a copy of the victim's names and corresponding individual damages that Mr. Belfort owes in restitution as a result of his crimes. I would like to report the stories of the many victims who have received little attention and have suffered greatly. I would contact individuals and get their permission to be included in the report. I make this request in the public interest as a journalist."
At next month's OffshoreAlert Conference
, the FBI Agent who investigated Belfort in the 1990s,
Gregory Coleman, and the former Assistant U. S. Attorney who prosecuted him
, Joel Cohen, will provide first-hand accounts
of what really took place in the Belfort/Stratton Oakmont case, as opposed to what Belfort and move director Martin Scorsese want you to believe.
The 12th Annual OffshoreAlert Conference
will take place at The Ritz-Carlton, South Beach in Miami Beach, Florida on May 4-6.
The conference will show participants in international finance how to identify, analyze, and exploit opportunities, how to avoid legal and risk pitfalls, and remedies that are available if your once-promising deal turns sour. You will also make great contacts by mingling with the crème de la crème in the private and public sectors of numerous onshore and offshore jurisdictions.
Our Miami Beach event attracts attendees from more than 25 countries in different continents. Our event is for everyone who is involved in international finance – in any capacity. High Net Worth Individuals. Officers & Directors. Auditors. Bankers. Company Administrators. Attorneys. Tax Advisers. Compliance Officers. Money Managers. Investors. Investigators. Regulators. Law Enforcement.
Download the full agenda here
. Register online here