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The Wolf of Wall Street Movie Plot (2013)
In 1987, a 25-year-old Jordan Belfort lands a job as a Wall Street stockbroker for L.F. Rothschild, employed under Mark Hanna. He is quickly enticed by the drug-fueled stockbroker culture and Hanna’s belief that a broker’s only goal is to make money for himself. Jordan loses his job following Black Monday, the largest one-day stock market drop in history after the 1929 stock market crash, and takes a job at a boiler room brokerage firm on Long Island that specializes in penny stocks. He makes a small fortune thanks to his aggressive pitching style and high commissions.
Jordan befriends his neighbor Donnie Azoff, and the two start their own boiler room-styled brokerage company. They recruit Jordan’s childhood friends Robbie Feinberg, Alden Kupferburg, Nicky Koskoff, Chester Ming, and Toby Welch, as well as local drug pusher Brad Bonick, all of whom Jordan trains in the art of the “hard sell,” and set up the company in an abandoned auto repair shop. Jordan’s tactics and salesmanship largely contribute to the success of his pump and dump scheme, in which misleading, positive statements inflate a stock’s price so it can be sold at an artificially high price. When the scheme’s perpetrators sell their overvalued securities, the price plummets, and those who were conned into buying at the inflated price are left with stock that is suddenly worth much less than they paid for it. To cloak this, Jordan gives the firm the respectable-sounding name Stratton Oakmont in 1989. Soon after, the company becomes immensely successful, moving out of the auto repair shop into a bigger office. An exposé in Forbes, which dubs Jordan “The Wolf of Wall Street” and “a twisted Robin Hood who steals from the rich and gives to himself and his merry band of brokers,” causes hundreds of ambitious young financiers to flock to the company, thus causing them to move into even bigger offices.
As all this is happening, Jordan becomes immensely successful and slides into a decadent lifestyle of prostitutes and drugs. He has an affair with a woman named Naomi Lapaglia, and when his wife Teresa finds out about this, Jordan divorces her and marries Naomi in 1991. Meanwhile, the SEC and the FBI begin investigating Stratton Oakmont.
In 1993, Jordan illegally makes $22 million in three hours after securing the IPO of Donnie’s childhood friend and shoe designer Steve Madden. This brings him and his firm further FBI attention. To hide his money, Jordan opens a Swiss bank account with corrupt banker Jean-Jacques Saurel in the name of Naomi’s aunt Emma, who is a British subject and thus outside the immediate reach of American authorities. He uses the wife and in-laws of Brad, who have European passports, to smuggle the cash into Switzerland.
Donnie and Brad get into a heated argument in public during a money exchange, resulting in Brad’s arrest, but Donnie escapes. Jordan learns from his private investigator that the FBI is wiretapping his phones. Fearing for his son, Jordan’s father advises him to leave Stratton Oakmont and lie low while Jordan’s lawyer negotiates a deal to keep him out of prison. Still, Jordan cannot bear to quit and talks himself into staying in the middle of his farewell speech.
In 1996, Jordan, Donnie, and their wives are on a yacht trip to Italy when they learn that Emma has died. Jordan proceeds to Switzerland to forge her name and save the account before going to London to attend her funeral. To bypass border controls, he orders his yacht captain to sail to Monaco, but the ship capsizes in a storm. After their rescue, the plane sent to take them to Geneva is destroyed when a seagull flies into the engine; Jordan takes this as a sign from God to address his worsening drug addiction and attempts to sober up.
In 1998, Saurel and Koskoff are arrested for a separate crime and inform the FBI about Jordan. Since the evidence against him is overwhelming, Jordan agrees to gather evidence from the rest of his colleagues in exchange for leniency. After having sex for the last time, Naomi tells Jordan she is divorcing him and wants full custody of their daughter and infant son. In a cocaine-fueled rage, Jordan hits Naomi and tries to drive away with his daughter but crashes his car in the driveway.
Later, Jordan wears a wire to work but slips a note to Donnie, warning him. The FBI discovers this, arrests Jordan, and raids and shuts down Stratton Oakmont. Despite breaching his deal, Jordan receives a reduced sentence of 36 months in a minimum security prison for his testimony and is released in 2000 after serving 22 months. After his release, Jordan makes a living hosting seminars on sales techniques.