STOCK BROKER BECOMES FILTHY RICH (The Wolf of Wall Street Movie Recap) - YouTube

Welcome back to Mrs Rundown, in today’s  video I am going to be recapping the  

events of The Wolf of Wall Street, a  2013 Drama/Comedy film. Spoilers ahead!  

In 1987, Jordan Belfort lands a job as a  Wall Street stockbroker for L.F. Rothschild,  

employed under Mark Hanna. He is quickly  enticed into the drug-fueled stockbroker  

culture and Hanna's belief that a broker's  only goal is to make money for himself.  

Jordan loses his job following Black Monday, the  largest one-day stock market drop in history,  

and takes a job at a boiler room brokerage firm  on Long Island that specializes in penny stocks.  

Thanks to his aggressive pitching style and the  high commissions, Jordan makes a small fortune.  

Jordan befriends his neighbor Donnie Azoff,  and the two found their own company. They  

recruit several of Jordan's friends, whom Jordan  trains in the art of the "hard sell". Jordan's  

tactics and salesmanship largely contribute  to the success of his pump and dump scheme,  

which involves inflating the price of a stock  through issuing misleading, positive statements  

in order to sell it at an artificially augmented  price. When the perpetrators of the scheme sell  

their overvalued securities, the price drops  immensely and those who were conned into buying  

at the inflated price are left with stock that  is suddenly worth much less than what they paid.  

To cloak this, Jordan gives the firm the  respectable-sounding name Stratton Oakmont  

in 1989. After an exposé in Forbes, hundreds of  ambitious young financiers flock to his company.  

Jordan becomes immensely successful and slides  into a decadent lifestyle of prostitutes and  

drugs. He has an affair with a woman named Naomi  Lapaglia; when his wife finds out, Jordan divorces  

her and marries Naomi in 1991. Meanwhile, the SEC  and the FBI begin investigating Stratton Oakmont.  

In 1993, Jordan illegally makes $22 million  in three hours after securing the IPO of Steve  

Madden. This brings him and his firm further  to the attention of the FBI. To hide his money,  

Jordan opens a Swiss bank account with corrupt  banker Jean-Jacques Saurel in the name of Naomi's  

Aunt Emma, who is a British national and thus  outside the reach of American authorities.  

He uses the wife and in-laws of his friend  Brad Bodnick, who have European passports,  

to smuggle the cash into Switzerland. Donnie and  Brad get into a public brawl; Donnie escapes,  

but Brad is arrested. Brad does not say a  word about Donnie or Jordan to the police.  

Jordan learns from his private investigator  that the FBI is wiretapping his phones.  

Fearing for his son, Jordan's father advises  him to leave Stratton Oakmont and lie low while  

Jordan's lawyer negotiates a deal to keep him out  of prison. Jordan, however, cannot bear to quit  

and talks himself into staying in the middle of  his farewell speech. In 1996, Jordan, Donnie, and  

their wives are on a yacht trip to Italy when they  learn that Aunt Emma has died of a heart attack.  

Jordan decides to travel to Switzerland  immediately to settle the bank account.  

To bypass border controls, he orders his yacht  captain to sail to Monaco, but the ship capsizes  

in a storm. After their rescue, the plane sent to  take them to Geneva is destroyed when a seagull  

flies into the engine; Jordan takes this as a sign  from God and attempts to become sober from drugs.  

In 1998, the FBI arrests Jordan because Saurel,  arrested in Florida on an unrelated charge,  

has informed the FBI on Jordan. Since  the evidence against him is overwhelming,  

Jordan agrees to gather evidence on his colleagues  in exchange for leniency. After Jordan rapes her,  

Naomi tells Jordan she is divorcing him and wants  full custody of their daughter and infant son.  

In a cocaine-fueled rage, Jordan hits Naomi  and tries to drive away with his daughter,  

but crashes his car in the driveway. Later  on, Jordan wears a wire to work but slips a  

note to Donnie, warning him. The FBI discovers  this, arrests Jordan, and raids and shuts down  

Stratton Oakmont. Despite breaching his deal,  Jordan receives a reduced sentence of 36 months  

in a minimum security prison for his testimony,  and is released in 2000 after serving 22 months.  

After his release, Jordan makes a living  hosting seminars on sales technique.  

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