The True Story Behind 'The Wolf of Wall Street'

News
by Ryan Lattanzio
December 27, 2013 2:49 PM
0 Comments
  • |
Leonardo DiCaprio in "The Wolf of Wall Street"

TIME has fact-checked Jordan Belfort's memoir "The Wolf of Wall Street" against Scorsese's raucous new comedy--and for the most part, what you see in movie is the real story. Or, at any rate, the story according to Belfort, who details his wildly excessive drug use, promiscuous sex and stock market manipulation in his 2007 autobiography. Highlights from the TIME story below.

Belfort's first boss told him the keys to success were masturbation, cocaine and hookers.

Ruling: Fact

According to the book, a broker named Mark Hanna (Matthew McConaughey) gave him this advice early on in his career.

Belfort and his partner owned shares of a risky stock, had their brokers at Stratton Oakmont brokerage aggressively sell the stock to inflate the price. They then sold the stock themselves to turn a profit.

Ruling: Fact

Belfort and Danny Porush (called Donnie Azoff in the film and portrayed by Jonah Hill) utilized this age-old pump-and-dump scheme to get rich quick after graduating from scamming middle-class people into buying worthless penny stocks at a 50 percent commission.

The driving on quaaludes scene.

Ruling: Mostly fact

It was a Mercedes, not a Lamborghini. But the rest is true to Belfort’s memoir.

He crashed a helicopter in his front yard while high.

Ruling: Fact

On a related note, he also did at least attempt to sober up in real life.

He sank a yacht in Italy.

Ruling: Fact

And the yacht used to belong to Coco Chanel.

Read the full story here. Our review of the film is here.
You might also like:

0 Comments

Free Indie Movies and Documentaries    

Email Updates

Most "Liked"

  • French Debut Feature 'Party Girl' to ...
  • Stephen Colbert Inherits the David Letterman ...
  • FIRST LOOK: Eddie Redmayne Stars as ...
  • Davis Guggenheim's Malala Yousafzai ...
  • Trailers from Hell Chases 'The Mouse ...
  • WATCH: Scarlett Johansson and Jonathan ...
  • The Top Ten 'Mad Men' Episodes (So ...
  • Tina Fey and Amy Poehler to Reunite ...
  • WATCH: You May Never Eat Again After ...
  • Why Ray Winstone Is Perfect for That ...