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Catching the Wolf of Wall Street: More Incredible True Stories of Fortunes, Schemes, Parties, and Prison Paperback – January 25, 2011


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Product Details

  • Paperback: 480 pages
  • Publisher: Bantam (January 25, 2011)
  • Language: English
  • ISBN-10: 0553385445
  • ISBN-13: 978-0553385441
  • Product Dimensions: 8 x 5.2 x 1 inches
  • Shipping Weight: 14.1 ounces (View shipping rates and policies)
  • Average Customer Review: 4.3 out of 5 stars  See all reviews (156 customer reviews)
  • Amazon Best Sellers Rank: #24,709 in Books (See Top 100 in Books)

Editorial Reviews

Amazon.com Review

Book Description
In the go-go nineties Jordan Belfort proved to Wall Street that you didn’t need to be on Wall Street to make a fortune in the stock market. But his company, Stratton Oakmont, worked differently. His young Long Island wannabes didn’t know from turnaround plans or fiduciary trust. Instead, they knew how to separate wealthy investors from their cash, and spend it as fast as it came in--on hookers, yachts, and drugs. But when Jordan’s empire crashed, the man who had become legend was cornered into a five-year stint cooperating with the feds. This continuation of his Wall Street Journal bestseller, The Wolf of Wall Street, tells the true story of his spectacular flameout and imprisonment for stock fraud.

In this astounding account, Wall Street’s notorious bad boy--and original million-dollar-a-month stock chopper--leads us through a drama worthy of The Sopranos, from his early rise to power to the FBI raid on his estate to the endless indictments at his arrest, to his deal with a bloodthirsty prosecutor to rat out his oldest friends and colleagues--while they were doing the same. With his kingdom in ruin, not to mention his marriage, the Wolf faced his greatest challenge yet: how to navigate a gauntlet of judges and lawyers, hold on to his kids and his enraged model wife--and possibly salvage his self-respect. It wasn’t going to be easy. In fact, for a man with an unprecedented appetite for excess, it was going to be hell.

From a wired conversation at an Italian restaurant, where Jordan’s conscience finally kicks in, to a helicopter ride with an underage knockout that will become his ultimate undoing, here is the tale of a young genius on a roller coaster of harrowing highs--and more harrowing lows. But as the countdown to his moment in court begins, after one last crazy bout with a madcap Russian beauty queen, the man at the center of one of the most outrageous scandals in financial history sees the light of what matters most: his sobriety, and his future as a father and a man. Will a prison term be his first step toward redemption?


Amazon Exclusive: Jordan Belfort on Catching the Wolf of Wall Street

At this moment, our financial system has all but imploded. Real estate prices have plummeted, Wall Street's most venerable investment banks have gone belly up, the credit-crunch has brought the economy to a grinding halt, and once-thriving cities have been turned into financial Hiroshimas, with foreclosed homes littering every block and abandoned pets roaming the streets.

When I wrote my first book, The Wolf of Wall Street, I wanted it to serve as a cautionary tale to anyone who was living a life of unbridled hedonism, to anyone who thought there was something glamorous about being known as a Wolf of Wall Street. Now, with Catching the Wolf of Wall Street, the dire economic straits we find ourselves in have made that desire even more powerful.

Catching the Wolf of Wall Street is an eye-opening glance into the self-destruction of my own life, as a result of my own criminal actions.

In short, I get my comeuppance...and then some.

You might find many of the chapters to be completely hysterical (reading about someone else’s pain can be that way sometimes, especially when they deserve to feel pain, like I did), but I can assure that writing this book was an incredibly painful undertaking, especially the parts that dealt with my separation from my children when I went to jail. I shed many a tear, dredging up those memories, and I found myself having a renewed appreciation for some of life’s simpler things, like freedom, for one.

That being said, when I look back at it all, I can only come to one sad conclusion: that I lived one of the most dysfunctional lives on the planet. I put money before integrity, greed before ethics, and covetousness before love. I chose friends unwisely, cut corners wherever I could, and then drowned my guilt and remorse beneath elephantine doses of recreational drugs.

I deserved to get caught.

Of course, some of you might be wondering whether or not I’ve changed at all--if I’m truly sorry for my crimes, and if the many public apologies I’ve made to people who lost money as a result of my actions were, indeed, sincere.

The answer to that is an unequivocal yes; I am sorry, and I do apologize. In fact, not a day goes by when the mistakes of my past don’t back up on me or are thrown in my face. But then I remind myself why I wrote these books in the first place, and of the many supportive letters I’ve received from people all over the world, who’ve gotten the intended message--namely that: crime doesn’t pay. Perhaps the latest crop of Fat Cat CEOs and Wall Street powerbrokers will get that message too.

Then we go about fixing this mess.--Jordan Belfort

(Photo © Blake Little) --This text refers to an out of print or unavailable edition of this title.

From Booklist

Belfort’s memoir (his recollection of events with some changed names and reconstructed dialogue) was written after serving almost two years in prison for securities fraud. The author recounts his meteoric rise on Wall Street, where he built one of the largest brokerage firms by age 27. He reflects upon his remarkable journey, explaining his core skill of training salesmen, especially stupid or naive young people, showing them how they can become rich. This is the story of a scam artist who enjoyed a lifestyle of parties, hookers, and drug dealing until the FBI took him away in handcuffs at age 36. It tells of his cooperation with the government and his life as an informant. In recounting what he acknowledges was his dysfunctional life, his apparent devotion to his children is a bright light. This sordid saga will either become popular as a cautionary tale of greed and treachery or it will become romanticized as glamorous excess and celebrity. --Mary Whaley --This text refers to an out of print or unavailable edition of this title.

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Customer Reviews

Well written and a must read for anyone who read his prior book!
mark
There is a lot of history that ties to the first book and his insight on how his incarceration led to his epiphany to write these two books, very interesting.
Penney
The first book was good even thou it put me to sleep after reading about getting high thirty times.
Lawrece R. Srail

Most Helpful Customer Reviews

84 of 96 people found the following review helpful By je on May 27, 2009
Format: Hardcover
After Belfort's first disaster, he comes back with a continuation of his life after Stratton. I find the author to be very self indulgent, whether it's cheating in business or on his wives, abusing drugs and alcohol, or boasting about how much everything in his house costs. As the Feds close in, Belfort is offered a deal: rat on your friends for a reduced sentence. Jordan takes about ten minutes before quickly agreeing. Even though he is now faced with repaying the staggering sum of over $100 million in restitution, Jordan shows very little remorse for all the people he ripped off. Instead, he seems to whine over being supposedly singled out for something "everyone on Wall Street does". After being barred from the securities industry, Jordan enters an appropriate field: taking advantage of lower income people in the refinancing business.

For those who don't quite grasp what Jordan did, here is a little primer:

Stratton would seek to a company public; lets call it ABC. Stratton would look to raise 6 million dollars by selling 1 million shares at 6. (a lot of these deals were units with warrants attatched, but for the sake of simplicity I'm going to just call them shares. The concept is the same). Three to six months before going public, Stratton would structure a bridge loan to ABC for say $500,000. ABC might need this money to pay legal and accounting expenses. An investor (generally a friend of Jordan's) would put up the money in return for one million shares at $.50.
Six months later, ABC goes public. Stratton's brokers are selling it like crazy, promising investors that the stock is the next Microsoft and ready to go "TO DA MOON!" Lets say instead of selling clients one million shares, they sell them 2 million. Where did the extra million shares come from? Simple.
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44 of 49 people found the following review helpful By D. Wagner on March 23, 2009
Format: Hardcover
Who would write a book boasting about snitching on all their friends? And it's unclear to me why he needs to describe every detail of his sex life with his wife. Classy. What he needs to do is learn to write a sentence that doesn't have a cliche in it; and if I ever see the word "alas" again I'm going to shoot myself in the head. His first book was amusing, due to the drug and spending sprees, unfortunately this book takes place after those ended.
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45 of 54 people found the following review helpful By Marcos on July 6, 2009
Format: Kindle Edition Verified Purchase
It is hard to review this book because we get so upset about the main character that our feelings spread to the book itself. The book is fun and interesting, not because it is well written (it is not) but because the situation itself is original and adventurous. Therefore, the only merit Belfort has as an author is that "he has been there".

In this book, Belfort tells us about the events after getting caught by the FBI, how he ratted his friends, and his relationship with women. He sounds like he was very sorry about being caught, but not at all about the people he screwed. In fact, the first thing he does after his money runs dry is to start selling mortgage based loans to poor people (knowing well that they will lose their houses).

Belfort suffers from a pathological inability to put himself in other people's shoes, he is unable to relate to feelings and to have anything more than a childish relationship with anyone. This goes for his victims and his women. My bet is that he is a psychopath in some degree. He refers to his second wife as a Duchess, and basically has a marriage based on sex. Everybody tells him she is a gold-digging whore, but he is the only one who can't see it (she is). Then he goes on to live with a dysfunctional super-model who can't even have a conversation with him. Women are trophies for his vanity.

The only truth we read in the whole book is when the judge says that he is not super-talented as he thinks, that many people as talented as him didn't get as much money just because they refrained from crossing the criminal line. That's the bottom line: Belfort is not super smart, he is a super liar, one who lies even to himself.
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23 of 26 people found the following review helpful By Larry Brown on March 2, 2009
Format: Hardcover Verified Purchase
I'm confused by Jordan's delusion of grandeur whereby he assumes `everyone' knew who he was and what he was doing both during his `hey day' and afterwards. If, during the time of his Stratton days, you'd asked 1000 Wall street people if they'd ever heard of Belfort or Stratton Oakmont, I guarantee you 997 of them would say no. If you'd asked 1000 non-Wall street people, 1000 would never had heard of him or Stratton...assuming they weren't clients. The only reason I ever heard of Stratton was that my firm cleared his trades.
By the way, Jordan (early in the book) states that his clients "...could have sold their shares anytime they wanted to..." Not quite. If I had a dime for every Stratton customer who called my firm complaining about their inability to sell, I'd be living in Old Brookville.
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12 of 14 people found the following review helpful By Karen Force on September 25, 2010
Format: Hardcover Verified Purchase
The author did a good job of capturing himself as he was: an arrogant, short sighted, drug induced, alcoholic financier of Wall St. True, he was a genius when it came to making money by ripping people off with schemes. As with everyone who spends a lot of hours working his trade, he became over confident and greedy then it all collapsed around him. He is the epitome of what is wrong with Wall St. and our country in general at this time in our history. It saddens me to know there are so many of them that exist and don't get caught. And when they do get caught, they usually get a slap on the wrist for cooperating by turning their fellow cohorts into the feds then get let back out onto the streets to screw the little guy again. Yes, he did prison time but not near enough time. Up until the day he went to prison he really felt he wouldn't go there. He felt the feds would look the other way while he was screwing his mistresses in his gold plated home. Has he really changed as he says since getting out and losing everything that was near and dear to him? Doubtful. I gave this book to an acquaintenace to read because he too considers himself to be a genius. He too is arrogant about who he is. He felt the author was over the top with his actions and language and the author actually embarrassed him! What's interesting is their excesses and language are exact mirrors of one another. What does this have to say about people who consider themselves geniuses? I guess I would recommend this book to anyone who thinks they are better than anyone else, uses drugs and alcohol to escape and even though they have a high IQ, speaks as though they live in the ghetto. Or I would recommend you buy this book to give as a gift for that certain someone who thinks they're a genius and see if they can see themselves in the mirror.
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