In The Wolf of Wall Street, Belfort states that "he owns 85% of the company" before Steve Maddens IPO. Jordan's company Stratton Oakmont then pumped and dumped the shares pretty quickly in order to make about $22Million.
If instead, Stratton Oakmont had kept that ownership and aided in growing the company, their 85% stake in Steve Madden Ltd. would be worth $2,140,000,000 (as of today), and Belfort et al wouldn't have had to go to jail.
Submitted September 28, 2017 at 03:52PM by theorymeltfool http://ift.tt/2wZkims
