5 jul 2022 after being arrested for securities fraud and conspiracy to commit money laundering, belfort agreed to work with the police in order to get a lighter prison sentence (via insider). 23 aug 2024 in 1999, belfort was indicted on charges of securities fraud and money laundering. His guilty plea was a significant blow to wall streets reputation, revealing the depths of deceit. 27 mar 2024 belfort was charged with money laundering and securities fraud in 1999. His downfall was precipitous, leading to a prison sentence and the obligation to pay back $110. 4.
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