Wall Street Crooks

boiler room style http://www.cnbc.com/id/21114268/

Jordan Belfort was once chairman of a brokerage firm called Stratton Oakmont. In the early to mid-'90s, he called himself the Wolf of Wall Street.

He was jailed on federal charges of securities fraud and money laundering. He spent 22 months behind bars and was released in 2005.

"I was a crook," Belfort said.

At one time, he says, he was earning more than $1 million a week. Now, he has been ordered to pay back $110 million to his victims, and he said he is working on that.


http://www.cnn.com/2008/US/10/17/siu.wall.street/index.html


I know this is not the same thing when we discussed how Wall St contributed, if at all, to the current crisis but still a refreshing look at the blatant frauds.