Jordan Belfort is a notorious stockbroker from the 1990s who stood to make fifty million dollars a year operating a penny stock boiler room of his brokerage firm Stratton Oakmont, Inc Corrupted by drugs, money and sex, he went from being an innocent twenty-two year old on the fringes of a new life to being a manipulator of the system as part of his infamous project. pump and dump.” As a stock scammer, he motivated his young brokers with crazy presentations to rile them up as they defrauded investors with deceptive stock sales. Towards the end of this debauched affair, he was convicted of securities fraud and money laundering for which he was sentenced to twenty-two months in prison as well as two hundred million dollars in compensation. in restitution to all defrauded stock buyers of his stockbroking company. Although his lavish spending and wild partying lifestyle were consumed by excessive greed, he showed both positive and negative aspects of business communication. Before being farmed on cocaine and prostitutes as his key to success on Wall Street, Jordan Belfort demonstrated the undeniable benefits of positive business activity. communications. One of them concerns the effectiveness of telephone correspondence with customers. Especially for stock brokers, having a conversation over the phone is essential when trying to sell a stock to a potential investor. Jordan Belfort begins his approach to a potential client by stating their name, where they are from and what they have to offer. It’s a method to gain the trust of a customer they don’t know. Additionally, he approached the customer with an optimistic attitude and explained how the stock could affect him in the best possible way. By providing the client with a single...... middle of paper ......you in your past, you are not your past, you are the resources and capabilities you draw from it. And this is the basis of all change. In conclusion, learn from your mistakes, remember the talents that got you to where you are today and success will eventually come along the way. Works Cited Belfort, Jordan. The Wolf of Wall Street. New York, NY: Bantam, 2007. Print. The Wolf of Wall Street. Real. Martin Scorsese. Perf. Leonardo DiCaprio, Jonah Hill, Margot Robbie and Matthew McConaughey. Red Granite Pictures/Paramount Pictures, 2013. Film. “Biography of Jordan Belfort”. Bio.com. A&E Networks Television, and Web. February 15, 2014. “Jordan Belfort Quotes. » Jordan Belfort Quotes (Author of The Wolf of Wall Street). Np, and Web. February 13, 2014. Flatley, Marie, Kathryn Rentz and Paula Lentz. Business communication. New York: McGraw Hill/Irwin, 2012. Print.