Insider at "The Wolf of Wall Street" firm opens up: "My lifestyle was insane"
Summary
A former partner at Stratton Oakmont, the stock-trading firm that inspired "The Wolf of Wall Street" movie, spoke about his extreme lifestyle while working there. A new documentary on Paramount+ reveals more details about the firm's illegal activities and the personal toll on employees.Key Facts
- Howie Gelfand joined Stratton Oakmont at age 19 and quickly earned over $100,000 a month.
- He eventually made more than $1.5 million a year at the firm.
- Gelfand described his lifestyle as unhealthy, including struggles with weight, drugs, and alcohol.
- He realized the firm’s business practices were illegal but thought it was normal for Wall Street.
- The documentary "The Real Wolf of Wall Street" uses over 15,000 FBI and government documents.
- The documents were obtained through the Freedom of Information Act by reporter Jason Leopold.
- The three-part series is now available on Paramount+, part of the CBS News parent company.
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