The Wolf of Wall Street
Total Page:16
File Type:pdf, Size:1020Kb
Load more
Recommended publications
-
The Economics of Cryptocurrency Pump and Dump Schemes
The Economics of Cryptocurrency Pump and Dump Schemes JT Hamrick, Farhang Rouhi, Arghya Mukherjee, Amir Feder, Neil Gandal, Tyler Moore, and Marie Vasek∗ Abstract The surge of interest in cryptocurrencies has been accompanied by a pro- liferation of fraud. This paper examines pump and dump schemes. The recent explosion of nearly 2,000 cryptocurrencies in an unregulated environment has expanded the scope for abuse. We quantify the scope of cryptocurrency pump and dump on Discord and Telegram, two popular group-messaging platforms. We joined all relevant Telegram and Discord groups/channels and identified nearly 5,000 different pumps. Our findings provide the first measure of the scope of pumps and suggest that this phenomenon is widespread and prices often rise significantly. We also examine which factors affect the pump's \suc- cess." 1 Introduction As mainstream finance invests in cryptocurrency assets and as some countries take steps toward legalizing bitcoin as a payment system, it is important to understand how susceptible cryptocurrency markets are to manipulation. This is especially true since cryptocurrency assets are no longer a niche market. The market capitaliza- tion of all cryptocurrencies exceeded $800 Billion at the end of 2017. Even after the huge fall in valuations, the market capitalization of these assets is currently around $140 Billion. This valuation is greater than the fifth largest U.S. commer- cial bank/commercial bank holding company in 2018, Morgan Stanley, which has a market capitalization of approximately $100 Billion.1 In this paper, we examine a particular type of price manipulation: the \pump and dump" scheme. These schemes inflate the price of an asset temporarily so a ∗Hamrick: University of Tulsa, [email protected]. -
X ANDREW GREENE, Plaintiff
Case 2:14-cv-01044-JS-SIL Document 25 Filed 09/30/15 Page 1 of 24 PageID #: <pageID> UNITED STATES DISTRICT COURT EASTERN DISTRICT OF NEW YORK -------------------------------------X ANDREW GREENE, Plaintiff, -against- PARAMOUNT PICTURES CORPORATION, a Delaware corporation; RED GRANITE MEMORANDUM & ORDER PICTURES, INC., a California 14-CV-1044(JS)(SIL) corporation; APPIAN WAY, LLC, a California limited liability company; SIKELLA PRODUCTIONS, INC., a Delaware corporation; and JOHN AND JANE DOES 1 THROUGH 10, Defendants. -------------------------------------X APPEARANCES For Plaintiff: Aaron M. Goldsmith, Esq. 225 Broadway, Suite 715 New York, NY 10007 For Paramount and Red Granite: Louis P. Petrich, Esq. Vincent Cox, Esq. Leopold, Petrich & Smith P.C. 2049 Century Park East, Suite 3110 Los Angeles, CA 90067 Katherine Mary Bolger, Esq. Levine Sullivan Koch & Schulz, LLP 321 West 44th Street, Suite 1000 New York, NY 10036 Rachel Fan Stern Strom, Esq. Hogan Lovells US LLP 875 Third Avenue New York, NY 10022 For Appian Way and Sikella: Katherine Mary Bolger, Esq. Levine Sullivan Koch & Schulz, LLP 321 West 44th Street, Suite 1000 New York, NY 10036 Case 2:14-cv-01044-JS-SIL Document 25 Filed 09/30/15 Page 2 of 24 PageID #: <pageID> SEYBERT, District Judge: Plaintiff Andrew Greene (“Plaintiff”) brings this diversity action against defendants Paramount Pictures Corporation, Red Granite Pictures, Inc., Appian Way, LLC, and Sikella Productions, Inc. (collectively, “Defendants”), alleging that Defendants, the producers and distributors of the motion picture The Wolf of Wall Street, violated his right of privacy and defamed him under New York law through the portrayal of a character in the movie. -
The Wolf of Wittenberg
CARLE Y, ROSS Ross Carley Age: 18, Grade: 12 School Name: St Paul's Episcopal School, Mobile, AL Educator: Karen Duren Category: Critical Essay The Wolf Of Wittenberg When someone considers the short term view instead of the long term view when making a life decision, they are partaking in a Faustian Bargain. In a Faustian Bargain, the decision made always brings the victim great worldly matters like wealth and power, however, in the end it always causes the victim’s downfall, one way or another. The name originates from Christopher Marlowe’s play, Doctor Faustus, in which the main character, Doctor Faustus, sells his soul to Lucifer, signing the contract in blood, in order to unlock an entirely new level of necromantic power. To break it would mean his life. After experiencing so much of this immense power, Faustus becomes disillusioned and lonely. He decides to repent, but this contract violation leads to his merciless death by the contractor himself, Lucifer (Marlowe 5.2.140-197). Much like in the story of Doctor Faustus, the power hungry employees of the cultish New York investment firm Stratton Oakmont took a strikingly similar arc with a few resembling characters. The employees of Stratton Oakmont committed a Faustian Bargain when they mercilessly scammed hundreds of companies and innocent investors out of millions of dollars to obtain immediate luxurious rewards. Stratton Oakmont was the mecca of sleazy, ruthless, scum bags who thought of nothing other than how many hookers and drugs they could afford after their next sale. The firm’s founder and CEO, Jordan Belfort, had a God- given talent of persuading anyone to do anything. -
Wolf of Wall Street' Viewed Through a Litigator's Lens
newyo rklawjo urnal.co m http://www.newyorklawjournal.com/id=1202640844255/Wolf+of+Wall+Street+Viewed+Through+a+Litigators+Lens? mcode=0&curindex=0&curpage=ALL 'Wolf of Wall Street' Viewed Through a Litigator's Lens Litigators gathered to share insights into the legal story of the 'The Wolf of Wall Street' at Cardozo Law School Wednesday night. On the f irst panel were, lef t to right: Theodore E. Tsekerides, a partner with Weil, Gotshal & Manges; Steven B. Caruso, a partner with Maddox, Hargett & Caruso; Jonathan Henes, a Kirkland & Ellis partner and moderator of the panel; Josephine Wang, general counsel of the Securities Investor Protection Corporation, and Matthew Cantor, chief general counsel and executive vice president of Lehman Brothers. NYLJ/Rick Kopstein Despite outrageous displays of greed, wealth and excess, "The Wolf of Wall Street" movie "played down the sex and drugs" at Stratton Oakmont and portrayed the inexperienced young brokers who ran the shuttered investment f irm's illegal pump-and-dump scheme as more innocent than they actually were, its f ormer attorney said. "They surely knew what was going on," said Ira Sorkin, a partner at Lowenstein Sandler who represented Stratton Oakmont through years of investigations and litigation. Sorkin spoke at Benjamin N. Cardozo School of Law Wednesday night at a panel discussion that was a de f acto reunion of lawyers who participated in the case f rom all sides. One panel f ocused on how the Long Island brokerage f irm, which def rauded investors of $200 million, was investigated and prosecuted. Another explored the company's liquidation under the Securities Investor Protection Act. -
Stratton Oakmont's Name Surfaces in Mob-On-Wall-St. Case by Michael Rapoport 22 March 1999 Dow Jones News Service
Stratton Oakmont's Name Surfaces In Mob-On-Wall-St. Case By Michael Rapoport 22 March 1999 Dow Jones News Service NEW YORK (Dow Jones)--Stratton Oakmont Inc., a now-defunct brokerage firm that allegedly defrauded investors out of tens of millions of dollars, may have a connection to the government's biggest case alleging organized-crime influence on Wall Street. A federal judge overseeing the trial of two people charged in that case asked prospective jurors Monday whether they had any ties to Stratton, saying the firm's name "may come up during this trial." U.S. District Judge Denny Chin's statement was an apparent attempt to weed out potential jurors who might have a conflict of interest in hearing the case, which concerns an alleged mob-related attempt to inflate the stock price of HealthTech International Inc. There was no indication Monday of the nature of the potential Stratton connection, however, and it's possible that it may not be a major one. Still, Chin's statement is the most public hint to date raising the possibility that people associated with Stratton may have some connection to mob attempts to gain a foothold in the securities industry. Business Week reported in 1996 that such a possible connection was under investigation. Both prosecutors and attorneys for the defendants in the HealthTech case, Gordon Hall and Michael Motsykulashvili, declined to comment. It was at the request of James McGuire, Hall's attorney, that the judge asked the prospective jurors about Stratton. Nicholas DeFeis, an attorney for Jordan Belfort, Stratton's former chairman, said he has "no idea" what connection Stratton or anyone associated with it may have to the HealthTech case. -
The Future of the Communications Decency Act and Potential Challenges to the Protections of Section 230 to Gossip Web Sites
THIS VERSION DOES NOT CONTAIN PARAGRAPH/PAGE REFERENCES. PLEASE CONSULT THE PRINT OR ONLINE DATABASE VERSIONS FOR PROPER CITATION INFORMATION. NOTE CRACKS IN THE ARMOR?: THE FUTURE OF THE COMMUNICATIONS DECENCY ACT AND POTENTIAL CHALLENGES TO THE PROTECTIONS OF SECTION 230 TO GOSSIP WEB SITES Michael Burke1 I. INTRODUCTION .............................................................................................. II. BACKGROUND ON THE LAW OF DEFAMATION .............................................. III. LIABILITY BEFORE THE PASSAGE OF THE CDA ............................................. IV. COMMUNICATIONS DECENCY ACT OF 1996 AND FOLLOWING DECISIONS ..................................................................................................... A. Zeran v. America Online .................................................................... B. Blumenthal v. Drudge ......................................................................... C. Batzel v. Smith & Barrett v. Rosenthal ............................................... D. Carafano v. Metrosplash .................................................................... V. RECENT DECISIONS WHICH MAY WEAKEN SECTION 230 ............................. A. Fair Housing Council of San Fernando Valley v. Roommates.com .................................................................................. B. Federal Trade Commission v. Accusearch ......................................... VI. POTENTIAL CHALLENGES TO SECTION 230 MOVING FORWARD ................... A. Defamation in Online Gossip Blogs -
THE WOLF of WALL STREET Written by Terence Winter Based on The
THE WOLF OF WALL STREET Written by Terence Winter Based on the book by Jordan Belfort White Shooting Script - September 7th, 2012 Blue Revised Pages - September 25th, 2012 Pink Revised Pages - October 9th, 2012 Yellow Revised Pages - October 15th, 2012 Green Revised Pages - October 16th, 2012 Goldenrod Revised Pages - October 19th, 2012 Buff Revised Pages - March 5th, 2013 1 INSERT - TV COMMERCIAL - DAY 1 Over jungle sound effects, the CAMERA is low, moving through brush from the POV of a stalking animal. As the brush parts, revealing Wall Street and the New York Stock Exchange, we HEAR the resonant voice of GENE HACKMAN. GENE HACKMAN (V.O.) The world of investing can be a jungle. 1A WE SEE a charging, snorting BULL. 1A GENE HACKMAN (V.O.) Bulls. 1B WE SEE a ferocious, growling BEAR. 1B GENE HACKMAN (V.O.) Bears. Danger at every turn. Pretentious CLASSICAL MUSIC kicks in. GENE HACKMAN (V.O.) That’s why we at Stratton Oakmont pride ourselves on being the best. 1C-1D VARIOUS SHOTS -- a conservative young MAN reviews a stock 1C-1D portfolio with a wealthy older COUPLE; a smiling young WOMAN sits before a computer talking into a headset. GENE HACKMAN (V.O.) Trained professionals to guide you through the financial wilderness. 1E WE SEE the Stratton “team” - an ethnically diverse group 1E of ACTORS with their handsome, grey-templed “CHAIRMAN”. GENE HACKMAN (V.O.) Stratton Oakmont. Stabilty. Integrity. Pride. 1F WE SEE a shot of the black glass Stratton Building, and: 1F 2 INT. STRATTON OAKMONT III - BULLPEN - DAY (FEB ‘95) 2 Absolute bedlam. -
Organized Crime on Wall Street Hearing Committee on Commerce House of Representatives
ORGANIZED CRIME ON WALL STREET HEARING BEFORE THE SUBCOMMITTEE ON FINANCE AND HAZARDOUS MATERIALS OF THE COMMITTEE ON COMMERCE HOUSE OF REPRESENTATIVES ONE HUNDRED SIXTH CONGRESS SECOND SESSION SEPTEMBER 13, 2000 Serial No. 106–156 Printed for the use of the Committee on Commerce ( U.S. GOVERNMENT PRINTING OFFICE 67–115CC WASHINGTON : 2000 VerDate 11-MAY-2000 15:08 Jan 04, 2001 Jkt 068011 PO 00000 Frm 00001 Fmt 5011 Sfmt 5011 E:\HEARINGS\67115 pfrm02 PsN: 67115 COMMITTEE ON COMMERCE TOM BLILEY, Virginia, Chairman W.J. ‘‘BILLY’’ TAUZIN, Louisiana JOHN D. DINGELL, Michigan MICHAEL G. OXLEY, Ohio HENRY A. WAXMAN, California MICHAEL BILIRAKIS, Florida EDWARD J. MARKEY, Massachusetts JOE BARTON, Texas RALPH M. HALL, Texas FRED UPTON, Michigan RICK BOUCHER, Virginia CLIFF STEARNS, Florida EDOLPHUS TOWNS, New York PAUL E. GILLMOR, Ohio FRANK PALLONE, Jr., New Jersey Vice Chairman SHERROD BROWN, Ohio JAMES C. GREENWOOD, Pennsylvania BART GORDON, Tennessee CHRISTOPHER COX, California PETER DEUTSCH, Florida NATHAN DEAL, Georgia BOBBY L. RUSH, Illinois STEVE LARGENT, Oklahoma ANNA G. ESHOO, California RICHARD BURR, North Carolina RON KLINK, Pennsylvania BRIAN P. BILBRAY, California BART STUPAK, Michigan ED WHITFIELD, Kentucky ELIOT L. ENGEL, New York GREG GANSKE, Iowa TOM SAWYER, Ohio CHARLIE NORWOOD, Georgia ALBERT R. WYNN, Maryland TOM A. COBURN, Oklahoma GENE GREEN, Texas RICK LAZIO, New York KAREN MCCARTHY, Missouri BARBARA CUBIN, Wyoming TED STRICKLAND, Ohio JAMES E. ROGAN, California DIANA DEGETTE, Colorado JOHN SHIMKUS, Illinois THOMAS M. BARRETT, Wisconsin HEATHER WILSON, New Mexico BILL LUTHER, Minnesota JOHN B. SHADEGG, Arizona LOIS CAPPS, California CHARLES W. ‘‘CHIP’’ PICKERING, Mississippi VITO FOSSELLA, New York ROY BLUNT, Missouri ED BRYANT, Tennessee ROBERT L. -
Formalism Exemplified in the Wolf of Wall Street
Cinesthesia Volume 4 | Issue 2 Article 4 4-23-2015 Formalism Exemplified in Theol W f of Wall Street Jillian S. McCafferty Grand Valley State University, [email protected] Follow this and additional works at: http://scholarworks.gvsu.edu/cine Part of the Film and Media Studies Commons Recommended Citation McCafferty, Jillian S. (2015) "Formalism Exemplified in The oW lf of Wall Street," Cinesthesia: Vol. 4 : Iss. 2 , Article 4. Available at: http://scholarworks.gvsu.edu/cine/vol4/iss2/4 This Article is brought to you for free and open access by ScholarWorks@GVSU. It has been accepted for inclusion in Cinesthesia by an authorized editor of ScholarWorks@GVSU. For more information, please contact [email protected]. McCafferty: Formalism Exemplified in The Wolf of Wall Street “Let me tell you something. There is no nobility in poverty. I have been a rich man, and I have been a poor man- and I choose rich every fucking time!” spews Jordan Belfort, ranting feverishly to a rapt audience of stockbrokers at his firm Stratton Oakmont Inc. Belfort, played with blistering intensity by Leonardo DiCaprio, commands every minute of screen-time in Martin Scorsese’s sprawling three hour bacchanal The Wolf of Wall Street. Based on a memoir published by real-life stockbroker-turned convict-turned motivational speaker Jordan Belfort, Scorsese’s film tells the story of Belfort’s rise and eventual fall as a crooked Wall Street giant. The Wolf of Wall Street breathes new life into the traditional “gangster” drama. Using humor to frame Belfort’s absurd antics, the film drips with excess and greed. -
The Wolf of Wall Street 2013 (3.5/4)
The Wolf of Wall Street 2013 (3.5/4) Martin Scorsese's "The Wolf of Wall Street" is abashed and shameless, exciting and exhausting, disgusting and illuminating; it's one of the most entertaining films ever made about loathsome men. Its star Leonardo DiCaprio has compared it to the story of the Roman emperor Caligula, and he's not far off the mark. Adapted by Terence Winter from the memoir by stockbroker Jordan Belfort, who oozed his way into a fortune in the 1980s and '90s, this is an excessive film about excess, and a movie about appetites whose own appetite for compulsive pleasures seems bottomless. It runs three hours, and was reportedly cut down from four by Scorsese's regular editor Thelma Schoonmaker. It's a testament to Scorsese and Winter and their collaborators that one could imagine watching these cackling swine for five hours, or ten, while still finding them fascinating, and our own fascination with them disturbing. This is a reptilian brain movie. Every frame has scales. The middle-class, Queens-raised Belfort tried and failed to establish himself on Wall Street in a more traditional way—we see his tutelage in the late '80s at a blue chip firm, under the wing of a grinning sleazeball played by Matthew McConaughey—but got laid off in the market crash of 1987. He reinvented himself on Long Island by taking over a penny stock boiler room and giving it an old money name, Stratton Oakmont, to gain the confidence of middle- and working-class investors. Per Wikipedia, at its peak, "the firm employed over 1000 stock brokers and was involved in stock issues totaling more than $1 billion, including an equity raising for footwear company Steve Madden Ltd." Belfort and his company specialized in "pump and dump" operations: artificially blowing up the value of a nearly worthless stock, then selling it at a big profit, after which point the value drops and the investors lose their money. -
The Wolf of Wall Street Movie Review (2013) | Roger Ebert
In Memoriam 1942 – 2013 | ★ ★ ★ ★ ROGEREBERT.COM Choose a Section REVIEWS THE WOLF OF WALL STREET ★ ★ ★ ☇ | Matt Zoller Seitz December 25, 2013 | ☄ 120 Martin Scorsese's "The Wolf of Wall Street" is abashed and shameless, exciting and exhausting, disgusting and illuminating; it's one of the most entertaining films ever made about loathsome men. Its star Leonardo DiCaprio has compared it to the story of the Print Page Roman emperor Caligula, and he's not far off the mark. Like 986 Adapted by Terence Winter from the memoir by stockbroker Jordan Belfort, who oozed his way into a fortune in the 1980s and 27 '90s, this is an excessive film about excess, and a movie about appetites whose own appetite for compulsive pleasures seems Tweet 98 bottomless. It runs three hours, and was reportedly cut down from four by Scorsese's regular editor Thelma Schoonmaker. It's a testament to Scorsese and Winter and their collaborators that one could imagine watching these cackling swine for five hours, or ten, while still finding them fascinating, and our own fascination with them disturbing. This is a reptilian brain movie. Every frame has scales. The middle-class, Queens-raised Belfort tried and failed to establish himself on Wall Street in a more traditional way—we see his tutelage in the late '80s at a blue chip firm, under the wing of a grinning sleazeball played by Matthew McConaughey—but got laid off in the market crash of 1987. He reinvented himself on Long Island by taking over a penny stock boiler room and giving it an old money name, Stratton Oakmont, to gain the confidence of middle- and working-class investors. -
UNITED STATES DISTRICT COURT EASTERN DISTRICT of NEW YORK ---X ANDREW GREENE, Plaintiff, M
Case 2:14-cv-01044-JS-SIL Document 77 Filed 12/13/18 Page 1 of 26 PageID #: <pageID> UNITED STATES DISTRICT COURT EASTERN DISTRICT OF NEW YORK ---------------------------------------X ANDREW GREENE, Plaintiff, MEMORANDUM & ORDER 14-CV-1044(JS)(SIL) -against– FILED CLERK PARAMOUNT PICTURES CORP., RED GRANITE 12/13/2018 12:24 pm PICTURES, INC., APPIAN WAY, LLC, and JOHN AND JANE DOES 1 through 10, U.S. DISTRICT COURT EASTERN DISTRICT OF NEW YORK Defendants. LONG ISLAND OFFICE ---------------------------------------X APPEARANCES Plaintiff: Aaron M. Goldsmith, Esq. 225 Broadway, Suite 715 New York, NY 10007 Alexander Martin Dudelson, Esq. Louis R. Rosenthal, Esq. Law Office of Louis R. Rosenthal 26 Court Street, Suite 2306 Brooklyn, NY 11242 Stephanie G. Ovadia, Esq. 1080 Grand Avenue, Suite 200F South Hempstead, NY 11550 For Defendants: Louis P. Petrich, Esq. Vincent Cox, Esq. Leopold, Petrich & Smith P.C. 2049 Century Park East, Suite 3110 Los Angeles, CA 90067 Katherine Mary Bolger, Esq. Rachel Fan Stern Strom, Esq. Davis Wright Tremaine LLP 1251 Avenue of the Americas, 21st Floor New York, NY 10020 SEYBERT, District Judge: Plaintiff Andrew Greene (“Plaintiff”) filed this action against defendants Paramount Pictures Corporation (“Paramount”), Case 2:14-cv-01044-JS-SIL Document 77 Filed 12/13/18 Page 2 of 26 PageID #: <pageID> Red Granite Pictures, Inc. (“Red Granite”), and Appian Way, LLC (“Appian Way,” and collectively, “Defendants”),1 the producers and distributors of the motion picture The Wolf of Wall Street (the “Movie”), alleging that he was defamed through the portrayal of a character in the Movie. Presently pending before the Court is Defendants’ motion for summary judgment.