After watching The Wolf Of Wall Street I have to ask, what did Jordan Belfort do criminally wrong exactly?
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Imagine I walk around picking up pieces of flint (Junk Stock), polish them up and sell them to people who don’t know any better, telling them that they are diamonds (Blue chip stock). I’m not selling them for diamond prices, the people I’m talking to can’t afford that, but I am selling them what they think are diamonds for a price they can afford and a price that would be stupid for them to ignore.
So you have people with little, spending everything they have, to invest in what they think are diamonds only to find out later they are nothing but pieces of worthless polished flint. Belfort walks away with their life savings, they get left holding a bag of useless rocks.
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