Far out Friday: The real Wolf of Wall Street

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He had Leonardo DiCaprio tell his story in the smash hit movie The Wolf of Wall Street, and now the real deal Jordan Belfort has emerged from the dust of his crooked ways to cash in.

Believe it or not, Belfort is selling a program on how to be a successful salesperson by using what he calls “ethical persuasion”, CBNC reports.

The convicted former broker, who made millions manipulating stock offerings, had very strong views about ethics in a free webinar on Wednesday.

“Success in the absence of ethics…is failure, it’s not success at all,” he said.

Belfort also spoke about becoming a self-taught closer and succeeding by using the right “tonality”, which he said gives you control of the conversation.

Insights such as these are now part of a sales program he is selling called Straight Line.

His rules include:
  • You only have about four seconds on a phone call to be perceived as sharp as a tack, enthusiastic as hell and an expert in your field.
  • Be an active listener (“Bill Clinton was the best”)
  • Don’t say stupid s***
During the webinar, which went on for more than two hours, Belfort agreed that he broke the law and completely deserved to go to prison.

“I never felt good. People asked, ‘why did you do all those drugs?’”, he said. “Why do you think?”

Belfort said he views his life as a success having survived addiction, ripping people off, and broken relationships.

Despite still owing his victims nearly $100 million in restitution, he is now getting calls from celebrities to “do lunch”.

But no matter: “Buy these books, all the money goes to investors”, Belfort finished.
  • James Boehm-Carter on 21/03/2014 9:58:54 AM

    I cannot believe that the Australian financial services industry have embrace this revolting cynical criminal and actually paid to listen to him. I read both of his books and never want to see or hear of him again. What is wrong with good honest business. why do we worship these people and encourage them to stand up and be all professional now when people are still owed $100M from his criminal activities.

  • Innocent Observer on 21/03/2014 10:14:35 AM

    This guy is what we would politely call a "polarising character". Personally, this guy makes my skin crawl. He is has all the crooked, slimy traits you would expect of a con-man. Anyone that believes his pitch that he's a "changed man" has been suckered in. I've not seen the movie so I'm not sure how he's portrayed, but the real person is low-life scum.

  • Anthony K on 21/03/2014 10:17:02 AM

    James, like you I don't get it. He's no star, hes a a scumbag. All the money he now makes? Well based on his recent past, he's not kept his deal of handing over 50% of his earnings. He'd lucky to be giving back 15% of what he earns. So, no the leopard hasn't changed his spots.

  • Wayne Leggett on 21/03/2014 1:43:58 PM

    My initial reaction to Jordan's new-found celebrity status was "Are you kidding me? The guy's a crook!" But, he's obviously an exceedingly charismatic guy who "did his time", has (allegedly) nothing to show for it, is repentant, has a good message to share and is (again, allegedly) directing the earnings from his new life to repaying the investors. Cut him a bit of slack, I say.

  • Leisure Martini on 25/03/2014 5:31:00 PM

    I believe the movie *almost*glorified him, and that's why all this attention

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