Stratton Oakmont

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Stratton Oakmont was a Long Island, New York, "pump and dump" boiler room brokerage house that was shut down in the late 1990's. Founded by Jordan Belfort and Danny Porush.

According to press accounts, the director and writer of the film Boiler Room, Ben Younger, worked there briefly, and Stratton Oakmont is considered the inspiration for the film.^{[citation needed]}

The firm is the subject of a book by its former CEO, Jordan Belfort, entitled The Wolf of Wall Street. Belfort was convicted of securities fraud in 1999 and sentenced to four years in prison.[1]

[edit] References

• Wall Street `Wolf' Jordan Belfort Recalls Crimes, `Loamy Loins', Bloomberg News, Oct. 17, 2007

[edit] See Also

• Stratton Oakmont, Inc. v. Prodigy Services Co.

[edit] External Links

• Steve Madden: Crisis of the Sole 2001 New York article on Stratton Oakmont and their client Steve Madden.