eli5 how was Jordan Belfort scamming people

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Loved the movie but never understood how he was “scamming people”

Wasn’t he just selling stocks?

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5 Answers

Anonymous 0 Comments

You can simplify this way more than the top few answers I saw.

He lied. He told people stocks were better than they were and any other thing he could think of because he made money for selling stock, not the performance of it. Up down, it didn’t matter, as long as he was selling.

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