'The Wolf of Wall Street': The True Story | TIME.com Through a representative, Madden confirmed that on the day of the IPO he made a tender speech to Stratton's stock brokers about the power of such a simple idea as the patent leather Mary Jane has over capital flows and the rise of America's great companies. Goldman Sachs Group Inc. and . That's very much by design. He is the self-proclaimed "Wolf of Wall Street," who wrote about his debauchery in a 2007 book of the same name. "I, growing up as a church kid, saw him standing up on that desk and I thought for sure he was going to get struck by lightning.". In "The Wolf of Wall Street," Donnie Azoff (Danny Porush's fictional counterpart) approaches Belfort at a restaurant about what he does for a living, after seeing Belfort's Jaguar in the parking lot. SEC Employee Gets Pitched by Stratton - Business Insider I pushed Danny to talk to Jordan After just one conversation, Danny came back and announced he was taking the Series 7 exam to get his stockbroker's license.". Stratton Oakmont, Inc. v. Prodigy Services Co. - Quimbee Jordan Belfort, here played by Leonardo DiCaprio in The Wolf of Wall Street, created a cult of money making at Stratton Oakmont. Could a petty boiler room founded by a bunch of nobodies become an investment bank, like in the old days of Wall Street? So he did. Getty Images. An unfortunate side effect of that is that, in borrowing from Wolfe's novel I Am Charlotte Simmons, Belfort decided that he should repeatedly refer to the "loins" of his beer model girlfriend as "loamy." The National Association of Securities Dealers (now the Financial Industry Regulatory Authority) put it out of business in 1996. By the late 1980s, as Belfort approached age 30, he founded the financial firm Stratton Oakmont, an over-the-counter brokerage house. In 1999, he was convicted of securities fraud and money laundering at the Stratton Oakmont brokerage, for which he served 39 months in prison. "He stood up on a desk and he held up his wallet in the air and he said, 'Do you guys believe in God? A foredeck hatch was smashed, allowing water to flood the crew quarters and bringing the yacht down by the bow.