1
00:00:03,612 --> 00:00:07,702
<i>Watching this scene from
"The Wolf of Wall Street,"</i>

2
00:00:07,703 --> 00:00:09,444
<i>it's kind of disturbing.</i>

3
00:00:09,531 --> 00:00:11,315
Turn around!
Let's go the other fucking way!

4
00:00:11,446 --> 00:00:12,882
<i>We can't!</i>

5
00:00:12,969 --> 00:00:16,799
This is pretty accurate
of how desperate it was.

6
00:00:16,886 --> 00:00:19,106
<i>Walk me through the story,
the true story</i>

7
00:00:19,236 --> 00:00:21,456
<i>of the sinking
of the "Nadine."</i>

8
00:00:21,543 --> 00:00:25,721
The true part is,
is that I actually lived it.

9
00:00:25,808 --> 00:00:29,029
<i>Jordan said, listen, we're
taking the yacht to Sardinia.</i>

10
00:00:29,116 --> 00:00:31,118
I think there were
19 of us on board.

11
00:00:32,554 --> 00:00:35,165
<i>And Captain Mark
says to Jordan,</i>

12
00:00:35,252 --> 00:00:37,124
<i>there's a storm
in the Mediterranean.</i>

13
00:00:37,211 --> 00:00:39,909
<i>My advice would be
stay in Rome.</i>

14
00:00:39,996 --> 00:00:42,520
Jordan's like, no fucking way.

15
00:00:42,607 --> 00:00:46,220
We get on the boat
against Mark's wishes.

16
00:00:46,307 --> 00:00:48,613
<i>Probably two or three hours
into the trip,</i>

17
00:00:48,744 --> 00:00:50,485
people are getting sick.

18
00:00:50,572 --> 00:00:53,314
<i>Dishes are starting
to move around.</i>

19
00:00:53,401 --> 00:00:55,577
Things are getting worse.

20
00:00:55,664 --> 00:00:58,493
I'm starting to feel
the boat shake a little bit.

21
00:00:58,623 --> 00:01:03,628
And then, out of nowhere,
I'm splashed, covered in water.

22
00:01:03,759 --> 00:01:05,848
<i>We're hitting
30, 40 foot seas.</i>

23
00:01:05,935 --> 00:01:08,633
I think everyone
was pretty nervous.

24
00:01:08,720 --> 00:01:10,548
What does Jordan say to me?

25
00:01:10,635 --> 00:01:12,115
Rob, you got the 'ludes?

26
00:01:12,202 --> 00:01:13,638
I'm like, no,
I thought you had them.

27
00:01:13,725 --> 00:01:15,423
Get those fucking 'ludes!

28
00:01:15,553 --> 00:01:18,252
Rob, go get them.

29
00:01:18,339 --> 00:01:19,209
<i>The whole boat
was full of water,</i>

30
00:01:19,340 --> 00:01:20,689
<i>but it was still floating.</i>

31
00:01:20,776 --> 00:01:22,778
<i>There was electricity
in the water.</i>

32
00:01:22,865 --> 00:01:27,217
I was getting shocked the
whole time, but I got them.

33
00:01:27,304 --> 00:01:29,480
<i>And then,
just like in the movie...</i>

34
00:01:29,567 --> 00:01:31,265
Jesus Christ!

35
00:01:31,395 --> 00:01:34,442
We were hit by
the perfect storm wave.

36
00:01:34,572 --> 00:01:37,532
<i>And it crashed over the yacht.</i>

37
00:01:37,619 --> 00:01:39,621
We're all screaming
and freaking out.

38
00:01:39,708 --> 00:01:40,839
We're gonna die.
We're gonna die.

39
00:01:46,845 --> 00:01:49,282
It just brings it
back again, you know?

40
00:01:49,283 --> 00:01:52,112
You never forget
something like this.

41
00:01:52,199 --> 00:01:55,245
This is a life or death
situation.

42
00:01:55,332 --> 00:01:58,074
Just like the movie shows,
we got into a squall.

43
00:01:58,205 --> 00:02:00,120
And the waves, I don't even
know how big they were,

44
00:02:00,207 --> 00:02:02,557
but they were crashing
over the boat.

45
00:02:02,644 --> 00:02:05,951
And I definitely
thought I was dying.

46
00:02:06,038 --> 00:02:10,695
<i>So the helicopter finally
arrives over the yacht.</i>

47
00:02:10,782 --> 00:02:12,218
So like, oh, my God.

48
00:02:12,219 --> 00:02:13,263
Thank God,
we're gonna be saved.

49
00:02:13,394 --> 00:02:14,308
I call my parents.

50
00:02:14,395 --> 00:02:15,222
They say,
we saw it on the news.

51
00:02:17,528 --> 00:02:20,966
<i>You know, Americans
rescued by Italian Navy.</i>

52
00:02:21,053 --> 00:02:24,796
<i>That whole 18 hours
changed my life drastically.</i>

53
00:02:24,883 --> 00:02:26,189
I do have PTSD from it.

54
00:02:29,236 --> 00:02:32,282
But for Jordan,
he loved extreme life.

55
00:02:32,369 --> 00:02:35,590
He loved taking things
to extreme limits.

56
00:02:35,677 --> 00:02:38,027
<i>After that yacht sank,
the Associated Press</i>

57
00:02:38,158 --> 00:02:40,464
<i>were all getting videos of us.</i>

58
00:02:40,551 --> 00:02:42,335
<i>He ate his 'ludes.</i>

59
00:02:42,336 --> 00:02:44,294
He was hanging out
with the captain.

60
00:02:44,425 --> 00:02:49,299
<i>He didn't look at it as
we could have died.</i>

61
00:02:49,386 --> 00:02:51,171
I wanted to fucking kill him.

62
00:03:04,488 --> 00:03:06,750
<i>I was cleaning myself.
You know how it is.</i>

63
00:03:06,751 --> 00:03:09,319
<i>This is Jordan
on a chartered yacht.</i>

64
00:03:09,406 --> 00:03:11,713
And he just came out
of the ocean.

65
00:03:11,800 --> 00:03:14,368
And I said to him, hey, Jordan,

66
00:03:14,455 --> 00:03:17,762
is it cool to take a shower

67
00:03:17,893 --> 00:03:19,677
in front of the American flag
naked?

68
00:03:24,552 --> 00:03:26,031
And his response to me was...

69
00:03:27,990 --> 00:03:29,513
<i>It's the American way.</i>

70
00:03:29,644 --> 00:03:31,211
And to me, that was
like basically saying

71
00:03:31,298 --> 00:03:34,126
to the government, fuck you.

72
00:03:34,214 --> 00:03:36,781
So now we're in the mid-90s,
and Jordan is barred

73
00:03:36,912 --> 00:03:38,261
from the securities industry.

74
00:03:41,264 --> 00:03:43,092
<i>Thanks to his sweetheart
exit agreement,</i>

75
00:03:43,179 --> 00:03:46,617
<i>Stratton is paying him
$1 million a month.</i>

76
00:03:46,748 --> 00:03:51,579
Meanwhile, he seems to still be
heavily involved in these IPOs

77
00:03:51,666 --> 00:03:56,017
that Stratton and its sister
firms are taking public.

78
00:03:56,018 --> 00:04:00,327
<i>We were in love and there
was a lot of great moments.</i>

79
00:04:00,414 --> 00:04:03,373
<i>So many great moments
with friends coming over,</i>

80
00:04:03,504 --> 00:04:05,984
<i>so many great trips.</i>

81
00:04:06,071 --> 00:04:07,682
<i>And of course,
babies come and they're</i>

82
00:04:07,769 --> 00:04:09,249
<i>so adorable and beautiful.</i>

83
00:04:14,210 --> 00:04:16,473
But along the way,
you know, he's just

84
00:04:16,560 --> 00:04:19,433
dominating and doing drugs.

85
00:04:19,520 --> 00:04:21,522
He's the father.

86
00:04:21,609 --> 00:04:24,699
Then the drug addiction
just gets, you know, like--

87
00:04:24,786 --> 00:04:25,830
like the way it is.

88
00:04:25,917 --> 00:04:27,571
It's a progressive disease.
- Right.

89
00:04:27,658 --> 00:04:30,618
Right, either you stop
or it gets worse.

90
00:04:30,748 --> 00:04:32,707
<i>Don't get me wrong.
Did he have a drug problem?</i>

91
00:04:32,794 --> 00:04:34,926
Absolutely.

92
00:04:35,013 --> 00:04:36,798
But that came because he didn't
know what to do with himself.

93
00:04:36,928 --> 00:04:39,235
Him losing Stratton Oakmont
was losing

94
00:04:39,322 --> 00:04:41,498
the ultimate drug for him.

95
00:04:41,585 --> 00:04:44,022
That was who he was.

96
00:04:44,153 --> 00:04:46,721
<i>I was a little bit
worried, actually.</i>

97
00:04:46,808 --> 00:04:50,290
Jordan started to
maybe act a little bit strange,

98
00:04:50,377 --> 00:04:51,943
<i>maybe a little
more short-fused,</i>

99
00:04:52,074 --> 00:04:56,121
<i>a little more jumpy.</i>

100
00:04:56,208 --> 00:04:59,473
Easy to get on his bad side.

101
00:05:01,997 --> 00:05:05,522
<i>I think that's when he
started changing a little bit,</i>

102
00:05:05,609 --> 00:05:08,220
preparing for the inevitable.

103
00:05:10,614 --> 00:05:12,833
<i>My name is Gary Carlton.</i>

104
00:05:12,834 --> 00:05:16,533
In the 1990s,
I worked for NASD,

105
00:05:16,620 --> 00:05:19,754
the National Association
of Securities Dealers.

106
00:05:19,841 --> 00:05:24,671
<i>NASD had been in contact
with other regulators.</i>

107
00:05:24,672 --> 00:05:26,195
<i>We were looking for patterns.</i>

108
00:05:30,025 --> 00:05:33,463
We found that
there was a smaller case

109
00:05:33,594 --> 00:05:36,640
involving one of the
initial public offerings.

110
00:05:36,771 --> 00:05:41,428
<i>The offering was
Master Glazier.</i>

111
00:05:41,515 --> 00:05:44,865
<i>Master Glazier
was a karate studio.</i>

112
00:05:44,866 --> 00:05:47,564
<i>I don't understand why
that would become public.</i>

113
00:05:47,695 --> 00:05:51,046
But I can tell you they did
have at least one location,

114
00:05:51,176 --> 00:05:53,222
maybe they had more.

115
00:05:53,309 --> 00:05:55,311
<i>It wasn't like a Starbucks.</i>

116
00:05:55,442 --> 00:06:00,664
But Stratton Oakmont took
Master Glaziers public.

117
00:06:00,751 --> 00:06:02,536
<i>We looked at
the initial public offering</i>

118
00:06:02,623 --> 00:06:05,887
<i>for Master Glazier,
and we noticed that</i>

119
00:06:06,017 --> 00:06:08,629
there were significant markups.

120
00:06:11,501 --> 00:06:15,113
A markup is the price
that a brokerage firm

121
00:06:15,200 --> 00:06:18,029
is going to earn
when they execute a trade

122
00:06:18,116 --> 00:06:20,770
<i>on a stock
that they already own.</i>

123
00:06:20,771 --> 00:06:26,777
Anything over 10% of a markup
is considered fraudulent.

124
00:06:26,864 --> 00:06:31,346
<i>Some of the securities were
marked up as high as 33%.</i>

125
00:06:31,347 --> 00:06:34,394
Stratton was selling
the Master Glazier stock

126
00:06:34,524 --> 00:06:39,181
to investors
that exceeded the legal limits.

127
00:06:39,311 --> 00:06:43,490
<i>Master Glazier's Karate
was the one that</i>

128
00:06:43,577 --> 00:06:46,493
<i>kind of tipped off
the authorities.</i>

129
00:06:46,580 --> 00:06:49,670
And that was
the beginning of the end.

130
00:06:49,757 --> 00:06:51,628
<i>At that point,
we thought the only way</i>

131
00:06:51,715 --> 00:06:54,196
<i>to resolve the question
of Stratton Oakmont</i>

132
00:06:54,283 --> 00:06:57,634
<i>was to have them expelled.</i>

133
00:06:57,721 --> 00:07:00,115
So you essentially
shut down Stratton Oakmont?

134
00:07:00,245 --> 00:07:01,812
Yes, absolutely.

135
00:07:08,602 --> 00:07:12,606
When Stratton Oakmont
shut down, there was no raid.

136
00:07:12,693 --> 00:07:14,521
There were no explosions.

137
00:07:14,608 --> 00:07:17,654
There were no guns and horses
or anything like that.

138
00:07:17,741 --> 00:07:20,570
I called one of the partners
on the bat line,

139
00:07:20,657 --> 00:07:23,094
of course,
because it wasn't taped.

140
00:07:23,181 --> 00:07:26,315
Ah, it's bullshit,
it's bullshit, it's bullshit.

141
00:07:29,405 --> 00:07:32,539
The bat line rang
ten seconds later and said--

142
00:07:32,669 --> 00:07:34,018
<i>It's not bullshit.</i>

143
00:07:34,105 --> 00:07:36,891
<i>We're done.</i>

144
00:07:36,978 --> 00:07:38,327
<i>NASDAQ shut us down.</i>

145
00:07:38,414 --> 00:07:39,546
We were just taken
off the NASD.

146
00:07:39,633 --> 00:07:41,199
We're done.

147
00:07:41,330 --> 00:07:44,507
<i>♪ Hey, won't you be ♪</i>

148
00:07:44,594 --> 00:07:47,423
<i>♪ My one and only ♪</i>

149
00:07:47,554 --> 00:07:50,470
<i>Five or ten minutes later,
one of the partners</i>

150
00:07:50,600 --> 00:07:52,733
<i>walked out of his office
with a bat</i>

151
00:07:52,820 --> 00:07:58,129
and smashed every single
fax machine in the office...

152
00:08:00,697 --> 00:08:05,006
So that no investor could
fax over a sell ticket.

153
00:08:07,530 --> 00:08:11,316
Everybody scattered
like roaches.

154
00:08:11,403 --> 00:08:12,796
<i>The income stopped.</i>

155
00:08:12,927 --> 00:08:14,581
<i>The camaraderie stopped.</i>

156
00:08:14,711 --> 00:08:17,626
<i>Everything came
to a screeching halt.</i>

157
00:08:17,627 --> 00:08:20,543
It was the end of an era.

158
00:08:22,327 --> 00:08:25,853
<i>After Stratton Oakmont
was shut down,</i>

159
00:08:25,983 --> 00:08:28,116
<i>Jordan was still involved
in IPOs</i>

160
00:08:28,203 --> 00:08:30,031
through Biltmore
and Monroe Parker.

161
00:08:30,118 --> 00:08:33,164
<i>And since he couldn't legally
work in this industry,</i>

162
00:08:33,251 --> 00:08:36,472
a lot of his payment came
under the table in cash.

163
00:08:39,606 --> 00:08:43,523
The only thing I knew is
that he had a lot of cash.

164
00:08:43,610 --> 00:08:44,785
And I mean a lot.

165
00:08:44,872 --> 00:08:49,180
He had $3 million
in his bedroom in cash.

166
00:08:49,267 --> 00:08:51,835
And I remember walking in
the front door of the house.

167
00:08:51,922 --> 00:08:54,229
<i>And Jordan had
a shopping bag, and he goes,</i>

168
00:08:54,359 --> 00:08:55,839
hey, I got a present for you.

169
00:08:55,926 --> 00:08:58,276
And he holds his shopping bag
over the banister

170
00:08:58,407 --> 00:08:59,669
and he drops it to me.

171
00:08:59,800 --> 00:09:02,150
And it hits the floor,
and I look in,

172
00:09:02,237 --> 00:09:06,023
and there's $1 million in cash
in the shopping bag.

173
00:09:06,110 --> 00:09:07,851
<i>If he would have taken
the millions of dollars</i>

174
00:09:07,938 --> 00:09:09,723
<i>that he had at
that point and just</i>

175
00:09:09,810 --> 00:09:11,768
<i>lived his life
happily ever after,</i>

176
00:09:11,899 --> 00:09:13,683
<i>he would be living
his life a millionaire.</i>

177
00:09:17,861 --> 00:09:21,473
<i>But he is the epitome
of the word greed.</i>

178
00:09:27,479 --> 00:09:29,264
Can you pick up the book
under your chair

179
00:09:29,351 --> 00:09:32,571
and read the first paragraph?

180
00:09:32,572 --> 00:09:36,488
"Catching the Wolf of Wall
Street" by Jordan Belfort.

181
00:09:36,576 --> 00:09:39,622
"Joel Cohen, the disheveled
Assistant United States

182
00:09:39,753 --> 00:09:41,885
"Attorney for the Eastern
District of New York

183
00:09:41,972 --> 00:09:44,366
was a world class bastard
with a degenerate slouch."

184
00:09:46,324 --> 00:09:49,632
First of all, I don't think
I'm a degenerate slouch.

185
00:09:49,719 --> 00:09:51,025
Am I slouching degenerately?

186
00:09:51,112 --> 00:09:52,635
Am I okay? Okay.

187
00:09:52,722 --> 00:09:54,158
Common slate.

188
00:09:54,289 --> 00:09:57,771
<i>My name is Joel Cohen,
and I was the prosecutor</i>

189
00:09:57,858 --> 00:10:00,730
<i>in the Eastern District
of New York.</i>

190
00:10:00,861 --> 00:10:03,732
<i>So in 1997, I was doing
a whole range</i>

191
00:10:03,733 --> 00:10:06,649
<i>of white collar
investigations.</i>

192
00:10:06,736 --> 00:10:08,346
<i>Senior people
in the office said</i>

193
00:10:08,433 --> 00:10:09,913
there's a Stratton Oakmont
investigation

194
00:10:10,000 --> 00:10:11,132
you probably know about.

195
00:10:11,219 --> 00:10:12,654
It's been going on
for a couple of years.

196
00:10:12,655 --> 00:10:15,005
Would you be interested
in taking this on?

197
00:10:15,136 --> 00:10:19,140
<i>Once NASD orders Stratton
Oakmont to be shut down,</i>

198
00:10:19,227 --> 00:10:22,186
the question becomes,
will anyone be held accountable

199
00:10:22,317 --> 00:10:28,976
for the stock fraud, the
manipulation that took place,

200
00:10:29,063 --> 00:10:30,804
you know, over the years?

201
00:10:30,891 --> 00:10:33,457
And then I met with
the FBI agent, Greg Coleman,

202
00:10:33,458 --> 00:10:34,982
who had been leading it.

203
00:10:35,112 --> 00:10:40,029
<i>In early 1997, I've picked
up numerous brokers</i>

204
00:10:40,030 --> 00:10:42,859
<i>and other people,
but now I'm finally focusing</i>

205
00:10:42,946 --> 00:10:45,557
on the top two main guys,

206
00:10:45,645 --> 00:10:48,996
<i>Jordan Belfort
and Daniel Porush.</i>

207
00:10:49,083 --> 00:10:50,911
We began to gather
evidence that there was

208
00:10:50,998 --> 00:10:53,870
money moving into Switzerland.

209
00:10:54,001 --> 00:10:57,221
<i>Back then, Switzerland
was a famed and easy place</i>

210
00:10:57,308 --> 00:11:00,398
<i>to hide money, and that's what
people did there.</i>

211
00:11:00,485 --> 00:11:02,618
<i>Jordan Belfort
had so much cash</i>

212
00:11:02,705 --> 00:11:05,665
that came to him
in the form of kickbacks

213
00:11:05,752 --> 00:11:08,711
<i>from his
manipulated deals that</i>

214
00:11:08,798 --> 00:11:11,671
<i>there was too much money
to spend.</i>

215
00:11:11,801 --> 00:11:13,846
He really ran into
the same problem

216
00:11:13,847 --> 00:11:16,676
that sort of drug cartels have.

217
00:11:16,806 --> 00:11:19,374
<i>They conduct business,
which is done in cash,</i>

218
00:11:19,461 --> 00:11:21,985
<i>but they need to
get rid of it at some point.</i>

219
00:11:22,072 --> 00:11:25,684
<i>They need to get it
into the system.</i>

220
00:11:25,685 --> 00:11:28,949
So the first step he has
to do is get it to Switzerland.

221
00:11:29,036 --> 00:11:32,996
<i>He brings in a guy
by the name of Todd Garrett.</i>

222
00:11:33,083 --> 00:11:35,607
How accurate
was the portrayal

223
00:11:35,695 --> 00:11:37,392
of Todd Garrett in the film?

224
00:11:37,479 --> 00:11:39,394
Bring some of them chicks
around here sometime, Ma.

225
00:11:39,524 --> 00:11:41,483
Let 'em watch.

226
00:11:41,613 --> 00:11:43,877
<i>It was incomplete.</i>

227
00:11:43,964 --> 00:11:45,400
Todd Garrett was
an interesting character.

228
00:11:45,530 --> 00:11:48,750
Todd was a Bayside boy.

229
00:11:48,751 --> 00:11:50,884
<i>Jordan knew him
from the neighborhood.</i>

230
00:11:50,971 --> 00:11:53,451
<i>Good guy, fun guy.</i>

231
00:11:53,538 --> 00:11:55,192
One of the nicest people,

232
00:11:55,279 --> 00:11:56,803
give you the shirt
off his back,

233
00:11:56,890 --> 00:12:00,067
but one of the toughest guys
you've ever met.

234
00:12:00,197 --> 00:12:03,286
<i>Todd Garrett is brought in
because of certain,</i>

235
00:12:03,287 --> 00:12:05,333
let's say, skills that he has.

236
00:12:05,420 --> 00:12:07,988
He was a drug dealer.

237
00:12:08,118 --> 00:12:09,772
He's the guy
that's been selling Quaaludes

238
00:12:09,859 --> 00:12:12,209
to the brokers
at Stratton Oakmont.

239
00:12:12,296 --> 00:12:17,084
He's married to a woman
who's a Swiss citizen.

240
00:12:17,171 --> 00:12:21,392
So Belfort and Porush
bring in Todd and his wife

241
00:12:21,479 --> 00:12:23,438
<i>to be their couriers.</i>

242
00:12:23,525 --> 00:12:26,441
<i>Now, at this point, I know
nothing about any of this,</i>

243
00:12:26,528 --> 00:12:31,881
but it's what happens next that
leads to me being tipped off.

244
00:12:31,968 --> 00:12:34,318
<i>In the movie, there was
a transfer of money</i>

245
00:12:34,449 --> 00:12:36,538
from Danny Porush
to Todd Garrett.

246
00:12:36,625 --> 00:12:39,759
<i>This is where funds
are passed from</i>

247
00:12:39,889 --> 00:12:41,978
<i>Jonah Hill, which is
supposed to be Danny Porush,</i>

248
00:12:42,065 --> 00:12:43,893
transferring money
to Todd Garrett.

249
00:12:43,980 --> 00:12:46,069
I need you to shove it right
up your wife's Latvian cunt,

250
00:12:46,156 --> 00:12:48,115
you understand?
- Oh, my fucking wife?

251
00:12:48,245 --> 00:12:49,551
Chill!

252
00:12:50,900 --> 00:12:53,468
That isn't even
close to accurate.

253
00:12:55,818 --> 00:12:58,168
<i>So Danny Porush drives</i>

254
00:12:58,299 --> 00:13:01,128
<i>to Bay Terrace Shopping Center
in Queens.</i>

255
00:13:01,215 --> 00:13:05,262
<i>And as his fancy car pulls
into the shopping center,</i>

256
00:13:05,349 --> 00:13:07,787
it catches
the guard's attention.

257
00:13:07,874 --> 00:13:13,008
<i>So they actually turn
the cameras on the car.</i>

258
00:13:13,009 --> 00:13:15,577
What happens next is,
Todd Garrett

259
00:13:15,664 --> 00:13:19,146
<i>pulls into the shopping center
and he parks.</i>

260
00:13:19,233 --> 00:13:22,497
<i>Now, the way Todd Garrett
is dressed at this point,</i>

261
00:13:22,584 --> 00:13:26,631
he looks like either a ninja
or a drug dealer.

262
00:13:26,762 --> 00:13:28,982
<i>He's dressed in all black,</i>

263
00:13:29,112 --> 00:13:30,592
and he comes through
the parking lot

264
00:13:30,722 --> 00:13:32,376
and he meets a guy
who looks like

265
00:13:32,507 --> 00:13:34,944
<i>some kind of businessman
driving another fancy car.</i>

266
00:13:35,031 --> 00:13:38,643
So all of these things
were incredibly strange.

267
00:13:38,774 --> 00:13:41,951
<i>The guards called 911, saying,</i>

268
00:13:42,082 --> 00:13:45,433
we believe we've seen
a drug deal go down.

269
00:13:45,520 --> 00:13:47,348
<i>So the police find the car.</i>

270
00:13:47,435 --> 00:13:51,221
<i>At gunpoint, they pull
the driver out of the car.</i>

271
00:13:51,308 --> 00:13:53,267
They see a briefcase
on the seat.

272
00:13:53,354 --> 00:13:59,011
<i>They open it up and inside
is $200,000 in cash.</i>

273
00:13:59,012 --> 00:14:00,969
The police question him.

274
00:14:00,970 --> 00:14:03,799
Is this your money?
Yes, it is.

275
00:14:03,886 --> 00:14:06,149
And he says, well,
I have a friend who's a broker,

276
00:14:06,236 --> 00:14:11,024
and he just loaned it to me
for a heart transplant.

277
00:14:11,111 --> 00:14:12,851
Now, the police can't
believe the answer

278
00:14:12,852 --> 00:14:14,549
that they've just gotten.
A heart transplant?

279
00:14:14,679 --> 00:14:15,855
And he says, no, really.

280
00:14:15,942 --> 00:14:17,682
And he lifts up his shirt,

281
00:14:17,769 --> 00:14:19,771
and he shows them a scar
on his chest,

282
00:14:19,859 --> 00:14:22,687
and he says that he's on the
donor list for a new heart.

283
00:14:22,774 --> 00:14:25,777
Well, the police aren't
really sure what to do next.

284
00:14:25,908 --> 00:14:28,345
<i>So ultimately,
they arrest him,</i>

285
00:14:28,432 --> 00:14:31,783
<i>and they run him through
the FBI's computers.</i>

286
00:14:31,871 --> 00:14:33,742
That's what leads to me,

287
00:14:33,829 --> 00:14:37,615
<i>because they were subjects
of my investigation.</i>

288
00:14:37,702 --> 00:14:39,879
And we realized
that probably was money

289
00:14:40,009 --> 00:14:42,533
that was destined
for Switzerland.

290
00:14:42,620 --> 00:14:44,448
<i>It was a white collar
money laundering,</i>

291
00:14:44,535 --> 00:14:46,624
<i>is essentially
what was happening.</i>

292
00:14:46,711 --> 00:14:49,149
<i>And it had been
caught on videotape.</i>

293
00:14:51,891 --> 00:14:53,631
<i>I had $1 million in cash.</i>

294
00:14:53,718 --> 00:14:58,810
And I really thought that would
last me the rest of my life.

295
00:14:58,898 --> 00:15:01,378
That was just an inexhaustible
amount of cash.

296
00:15:01,465 --> 00:15:04,425
Certainly to look at,
it was endless.

297
00:15:04,512 --> 00:15:08,516
<i>But my monthly overhead
was $30,000,</i>

298
00:15:08,603 --> 00:15:14,957
maybe $40,000
just to pay my rent,

299
00:15:15,088 --> 00:15:19,222
<i>parents' mortgage,
the cars, the insurance.</i>

300
00:15:19,309 --> 00:15:22,965
<i>My average day,
I took 15 Quaaludes.</i>

301
00:15:23,052 --> 00:15:26,142
<i>They were $30 a pill.</i>

302
00:15:26,273 --> 00:15:32,496
That turns out to be a $13,000
a month cash Quaalude habit.

303
00:15:32,583 --> 00:15:37,414
I turned around and
the last bit of cash was gone.

304
00:15:37,501 --> 00:15:40,635
Gone. Zero.

305
00:15:40,722 --> 00:15:43,419
<i>I, at this point,
was so addicted</i>

306
00:15:43,420 --> 00:15:47,120
<i>that there was no such thing
as getting a job.</i>

307
00:15:47,207 --> 00:15:51,776
And I remember explaining
to one of the 12 therapists

308
00:15:51,907 --> 00:15:55,215
that I had had
over those years the feeling.

309
00:15:55,302 --> 00:15:58,435
<i>And I said, could you imagine
you're Michael Jordan,</i>

310
00:15:58,522 --> 00:16:01,742
<i>and all of the sudden you get
a phone call one morning</i>

311
00:16:01,743 --> 00:16:02,918
and they say,
hey, good morning, Mike.

312
00:16:03,049 --> 00:16:05,094
You can't play
basketball anymore.

313
00:16:05,225 --> 00:16:07,836
Have a nice day. Click.

314
00:16:07,923 --> 00:16:09,664
<i>That's what it was like.</i>

315
00:16:09,751 --> 00:16:11,317
<i>This is all I knew.</i>

316
00:16:11,318 --> 00:16:13,494
What am I gonna do?

317
00:16:16,584 --> 00:16:20,892
Jordan always felt that he
was pretty much indestructible.

318
00:16:24,809 --> 00:16:28,248
<i>He took Quaaludes quite a bit.</i>

319
00:16:28,335 --> 00:16:31,468
He drove wasted
plenty of times.

320
00:16:31,555 --> 00:16:32,904
He also flew a helicopter
a few times with me

321
00:16:33,035 --> 00:16:34,950
in it--'luded,

322
00:16:35,037 --> 00:16:36,473
which is amazing that
we're still alive.

323
00:16:40,521 --> 00:16:43,524
<i>But he was not a happy person.</i>

324
00:16:43,611 --> 00:16:47,223
<i>And what he did in return
was took to drugs.</i>

325
00:16:49,008 --> 00:16:52,924
So we are at the infamous
Brookville Country Club.

326
00:16:53,012 --> 00:16:54,578
Jordan never spoke
from his home phone

327
00:16:54,665 --> 00:16:58,408
because he felt it was tapped,
and he decided to drive here

328
00:16:58,495 --> 00:17:00,976
to the payphone
in Brookville Country Club,

329
00:17:01,063 --> 00:17:04,023
which is three blocks
from his house.

330
00:17:04,153 --> 00:17:07,417
And this is where Jordan,
in the movie,

331
00:17:07,548 --> 00:17:09,941
crashed his Lamborghini.

332
00:17:10,029 --> 00:17:11,987
<i>Jordan took a few Quaaludes,</i>

333
00:17:12,074 --> 00:17:13,815
<i>and he went
to this country club.</i>

334
00:17:13,902 --> 00:17:17,079
<i>And like in the movie, the
Quaaludes really kicked in.</i>

335
00:17:17,166 --> 00:17:18,776
<i>Pow.</i>

336
00:17:18,863 --> 00:17:20,996
He walked out of the
building and then proceeded

337
00:17:21,083 --> 00:17:24,869
to roll down 20 or 30 stairs.

338
00:17:26,828 --> 00:17:28,873
But as you can see,
it's four steps

339
00:17:28,960 --> 00:17:31,180
and four steps in real life.

340
00:17:31,267 --> 00:17:33,399
<i>He did manage to
get into his car 'luded,</i>

341
00:17:33,400 --> 00:17:35,793
and was able to drive
the three blocks

342
00:17:35,880 --> 00:17:37,099
back to his house.

343
00:17:37,186 --> 00:17:40,493
Get out of the fucking way!

344
00:17:40,494 --> 00:17:43,453
God forbid you should get
behind the wheel of a car.

345
00:17:43,584 --> 00:17:48,067
<i>The scene when Jordan drove
while he was very high</i>

346
00:17:48,154 --> 00:17:50,460
really smashed up his car.

347
00:17:50,591 --> 00:17:53,246
That was a real event
that occurred,

348
00:17:53,376 --> 00:17:56,205
and everybody knew about that.

349
00:17:56,292 --> 00:17:58,773
<i>I remember
the phone call at 9:00</i>

350
00:17:58,860 --> 00:18:00,253
<i>that Jordan got
into an accident.</i>

351
00:18:00,383 --> 00:18:02,472
<i>I said, Nadine,
I'll be right there.</i>

352
00:18:02,603 --> 00:18:07,347
I drove down this driveway
to the garage in front of me,

353
00:18:07,434 --> 00:18:10,524
where his Mercedes was parked
and still running.

354
00:18:10,611 --> 00:18:12,352
The door was open.

355
00:18:12,439 --> 00:18:15,790
Jordan was totally
spiraling out of control.

356
00:18:15,877 --> 00:18:19,489
The movie depicts it when
you start seeing it going bad.

357
00:18:19,620 --> 00:18:22,666
<i>When he came back
from the country club,</i>

358
00:18:22,753 --> 00:18:25,887
that's when things really,
I think, start to turn.

359
00:18:49,128 --> 00:18:50,738
<i>He treated Nadine
really bad.</i>

360
00:18:50,825 --> 00:18:55,656
He was an abusive drug addict,
and he was an abusive husband.

361
00:18:55,743 --> 00:18:57,223
<i>You know, when you're
dealing with addiction,</i>

362
00:18:57,310 --> 00:19:00,748
<i>which I had never dealt with
before, nothing works.</i>

363
00:19:00,835 --> 00:19:02,924
I would stay home with him.
I would leave him at home.

364
00:19:03,054 --> 00:19:05,969
I would tell him not to do it.
We'd get into fights.

365
00:19:05,970 --> 00:19:09,278
<i>And I was like, guys,
he can't go out.</i>

366
00:19:09,365 --> 00:19:12,412
<i>And they were like, oh,
just tell him to do some coke.</i>

367
00:19:12,499 --> 00:19:15,937
I'm like, that is
not a solution.

368
00:19:16,024 --> 00:19:18,722
<i>The coke was really
what did him in.</i>

369
00:19:18,853 --> 00:19:22,377
<i>That's when it got really bad.</i>

370
00:19:22,378 --> 00:19:25,642
I'm just wondering how long
that would have lasted.

371
00:19:25,773 --> 00:19:28,079
<i>And obviously, it didn't last
because it blew up.</i>

372
00:19:28,167 --> 00:19:32,562
<i>But--but I think she
stuck around till the end,</i>

373
00:19:32,649 --> 00:19:34,390
until it got
really, really ugly.

374
00:19:38,525 --> 00:19:41,876
The tremendous benefit to the
case of arresting Todd Garrett

375
00:19:41,963 --> 00:19:44,748
<i>is it's part of
the money laundering chain.</i>

376
00:19:44,879 --> 00:19:47,360
<i>And so we began to see
if we could flip him.</i>

377
00:19:47,490 --> 00:19:50,100
It was not easy.
Todd Garrett was a tough guy.

378
00:19:50,101 --> 00:19:53,975
<i>He was an ex-Hell's Angel.</i>

379
00:19:54,062 --> 00:19:55,890
He's a boxer.

380
00:19:55,977 --> 00:19:57,805
He had sort of
cauliflower ears.

381
00:19:57,892 --> 00:19:59,589
He had the crooked nose.

382
00:19:59,720 --> 00:20:01,765
<i>He was a tough-looking guy.</i>

383
00:20:01,852 --> 00:20:05,116
I had heard rumors that if
he pulled down his bottom lip,

384
00:20:05,204 --> 00:20:07,641
he had RIP tattooed inside.

385
00:20:10,513 --> 00:20:13,473
<i>The big breakthrough
was that Todd Garrett</i>

386
00:20:13,603 --> 00:20:16,693
really was on the list
to get a heart transplant.

387
00:20:16,780 --> 00:20:19,653
<i>And I realized that
extreme circumstances</i>

388
00:20:19,740 --> 00:20:21,611
<i>call for extreme measures.</i>

389
00:20:21,742 --> 00:20:23,831
So I communicated
to Todd Garrett's lawyer

390
00:20:23,961 --> 00:20:26,268
that we had enough evidence
to bring charges against him

391
00:20:26,399 --> 00:20:28,401
for Quaaludes possession,
and that that would

392
00:20:28,531 --> 00:20:31,186
take him off the list
to get a heart transplant.

393
00:20:31,273 --> 00:20:33,448
Did you have
any ethical qualms

394
00:20:33,449 --> 00:20:35,146
about, like,
is this going too far

395
00:20:35,234 --> 00:20:39,499
to get the information I want?

396
00:20:39,586 --> 00:20:41,631
I certainly thought,
when I communicated

397
00:20:41,718 --> 00:20:43,807
to Garrett's lawyer
how to say it.

398
00:20:43,894 --> 00:20:47,158
It's not a threat; you're just
communicating facts.

399
00:20:47,246 --> 00:20:50,073
<i>Play ball or you might
not get a new heart.</i>

400
00:20:50,074 --> 00:20:52,512
<i>And I was just
telling him the truth.</i>

401
00:20:52,599 --> 00:20:56,080
And then he came in
and cooperated.

402
00:20:56,211 --> 00:20:58,300
<i>And that was the Wolf of
Wall Street's downfall.</i>

403
00:21:10,312 --> 00:21:12,705
<i>Todd Garrett came in and
revealed to us even more</i>

404
00:21:12,706 --> 00:21:13,576
<i>than we could have imagined.</i>

405
00:21:16,971 --> 00:21:19,756
He gave us information that
Belfort and his wife and others

406
00:21:19,843 --> 00:21:22,716
would have parties at
their Long Island mansion,

407
00:21:22,803 --> 00:21:25,153
<i>and they would have friends
who would fly over</i>

408
00:21:25,240 --> 00:21:30,289
<i>with the money to Switzerland,
including Garrett's wife.</i>

409
00:21:30,376 --> 00:21:32,160
So there's a scene in
"The Wolf of Wall Street."

410
00:21:32,291 --> 00:21:35,294
<i>They're strapping cash
to Todd Garrett's wife.</i>

411
00:21:35,381 --> 00:21:38,208
<i>That was a scene that was
meant to be over-the-top</i>

412
00:21:38,209 --> 00:21:39,646
funny from Hollywood.

413
00:21:39,776 --> 00:21:44,085
The real smuggling was
very much less glamorous,

414
00:21:44,172 --> 00:21:45,826
<i>and they would just
put it in bags,</i>

415
00:21:45,956 --> 00:21:48,872
<i>like, hundreds of thousands
of dollars in, for example,</i>

416
00:21:48,959 --> 00:21:50,483
<i>a Louis Vuitton bag.</i>

417
00:21:50,570 --> 00:21:51,658
They would put a lock on it
and they would

418
00:21:51,745 --> 00:21:53,573
check it onto the airplane.

419
00:21:58,795 --> 00:22:03,017
This document is
essentially explaining

420
00:22:03,104 --> 00:22:05,759
<i>how Belfort and Porush
were smuggling cash</i>

421
00:22:05,889 --> 00:22:08,892
<i>out of the U.S.
to Switzerland,</i>

422
00:22:08,979 --> 00:22:12,722
<i>depositing it into bank
accounts for shell companies,</i>

423
00:22:12,809 --> 00:22:16,030
<i>and then wiring it back
to the U.S.</i>

424
00:22:16,160 --> 00:22:19,512
<i>This circular flow
allowed them to disguise</i>

425
00:22:19,599 --> 00:22:22,950
<i>their illegal profits
as legitimate investments.</i>

426
00:22:27,998 --> 00:22:30,827
<i>Once we had the courier,</i>

427
00:22:30,914 --> 00:22:33,569
the case against Belfort
and Porush is all but done.

428
00:22:33,656 --> 00:22:36,093
And I remember looking at
Greg and thinking, oh, my God.

429
00:22:36,180 --> 00:22:37,486
These guys are toast.

430
00:22:41,708 --> 00:22:43,231
<i>At this point,
I believe Nadine</i>

431
00:22:43,362 --> 00:22:45,929
was getting fed up
having to have this type

432
00:22:46,016 --> 00:22:49,846
of volatility for her family.

433
00:22:49,933 --> 00:22:53,372
<i>So my ex-wife and I
had gone to a therapist.</i>

434
00:22:53,502 --> 00:22:56,157
And my ex told Nadine
about her,

435
00:22:56,244 --> 00:22:58,899
and Nadine went and liked her.

436
00:22:59,029 --> 00:23:02,685
<i>And then Nadine convinced
Jordan to go see her.</i>

437
00:23:02,816 --> 00:23:05,384
<i>And after he did see her,
Jordan said,</i>

438
00:23:05,514 --> 00:23:08,169
this therapist
is a cult leader.

439
00:23:08,299 --> 00:23:10,258
He flipped out.

440
00:23:10,389 --> 00:23:11,868
<i>And that therapist
basically told her,</i>

441
00:23:11,955 --> 00:23:13,217
<i>you're in a bad situation.</i>

442
00:23:13,348 --> 00:23:14,610
<i>There's no getting out of it.</i>

443
00:23:14,741 --> 00:23:16,655
Run.

444
00:23:16,656 --> 00:23:19,833
That's Nadine
in the background.

445
00:23:19,963 --> 00:23:23,924
<i>And he ultimately
blamed my ex and I.</i>

446
00:23:24,054 --> 00:23:28,450
And our relationship really
severed from that point on.

447
00:23:28,537 --> 00:23:30,409
<i>So I was working
on myself all along,</i>

448
00:23:30,496 --> 00:23:32,802
<i>but that really didn't matter.</i>

449
00:23:32,889 --> 00:23:34,804
<i>Right, because I couldn't
change him.</i>

450
00:23:34,891 --> 00:23:37,241
<i>And you have
a last straw moment.</i>

451
00:23:37,328 --> 00:23:39,722
<i>There was one when I told him
if he didn't get sober,</i>

452
00:23:39,853 --> 00:23:41,507
I was leaving him.

453
00:23:41,594 --> 00:23:43,422
And he went crazy
because I said,

454
00:23:43,509 --> 00:23:45,032
you have to get
an intervention.

455
00:23:45,119 --> 00:23:47,164
I'm not gonna sit here and
watch you kill yourself, right.

456
00:23:47,251 --> 00:23:52,735
And he went nuts, got violent.

457
00:23:52,866 --> 00:23:56,217
<i>Lack of remorse
is the knife in the heart.</i>

458
00:23:56,304 --> 00:23:57,566
And then he got arrested.

459
00:23:57,653 --> 00:23:59,263
So I got lucky.

460
00:23:59,350 --> 00:24:01,483
So that was my window.

461
00:24:01,614 --> 00:24:03,137
And I was like,
he can't hurt me anymore.

462
00:24:03,224 --> 00:24:04,399
I'm out.

463
00:24:06,401 --> 00:24:07,620
<i>There were two
arrests that were made</i>

464
00:24:07,707 --> 00:24:09,665
<i>around Labor Day of 1998.</i>

465
00:24:09,752 --> 00:24:14,104
Danny Porush was arrested
by agents in Miami.

466
00:24:14,191 --> 00:24:16,411
And at the same time,
a large group of FBI agents

467
00:24:16,498 --> 00:24:18,674
<i>went to
Jordan Belfort's mansion.</i>

468
00:24:21,895 --> 00:24:24,288
And that was actually
the first time,

469
00:24:24,375 --> 00:24:28,641
after all of these years that
I met Belfort face to face.

470
00:24:32,340 --> 00:24:34,560
<i>I remember him sitting there.</i>

471
00:24:34,647 --> 00:24:36,518
He was in handcuffs.

472
00:24:36,649 --> 00:24:38,215
His eyes were very glassy.

473
00:24:38,346 --> 00:24:41,697
I couldn't tell if he was
tired or if he was high.

474
00:24:41,784 --> 00:24:44,308
<i>And I walked in,
and I just looked at him</i>

475
00:24:44,395 --> 00:24:46,789
and said, do know who I am?

476
00:24:46,876 --> 00:24:50,358
And he just shook his head
and said, yes.

477
00:24:52,186 --> 00:24:55,885
<i>I found out reading
the papers like everyone else.</i>

478
00:24:55,972 --> 00:24:59,672
And I was worried that,
you know,

479
00:24:59,802 --> 00:25:02,283
a lot of others,
we would get arrested.

480
00:25:02,370 --> 00:25:06,548
<i>Once Jordan got arrested,
being the genius that I am,</i>

481
00:25:06,635 --> 00:25:10,334
seemed to me the higher ups
were next in line.

482
00:25:10,465 --> 00:25:12,380
It wasn't just gonna be Jordan.

483
00:25:15,905 --> 00:25:18,429
<i>At a certain point,
I had a dinner</i>

484
00:25:18,517 --> 00:25:20,780
<i>with my partner at Biltmore.</i>

485
00:25:20,867 --> 00:25:24,914
And I said, listen,
I just can't do this anymore.

486
00:25:25,045 --> 00:25:28,352
You know, I--

487
00:25:28,439 --> 00:25:32,792
I'm just overcome
with how awful this is.

488
00:25:32,879 --> 00:25:38,232
And the guilt had really
just sort of overcome me.

489
00:25:38,319 --> 00:25:40,582
<i>And I said, I'm leaving.</i>

490
00:25:40,669 --> 00:25:44,194
<i>And I walked away from a lot,
because we had a lot of money</i>

491
00:25:44,281 --> 00:25:45,891
<i>in this trading account.</i>

492
00:25:45,892 --> 00:25:47,937
I said, you keep it all,
do whatever you wanna do.

493
00:25:48,024 --> 00:25:49,459
I've had it.

494
00:25:49,460 --> 00:25:52,507
<i>That was like, 1997, '98.</i>

495
00:25:52,594 --> 00:25:54,378
<i>I left.</i>

496
00:25:54,465 --> 00:25:59,514
We hadn't been approached by
the U.S. attorneys or the FBI

497
00:25:59,645 --> 00:26:01,385
or anything at that point,
but I knew

498
00:26:01,472 --> 00:26:04,301
it was just a question of time.

499
00:26:04,432 --> 00:26:07,042
<i>So we have Jordan Belfort
in custody,</i>

500
00:26:07,043 --> 00:26:09,393
<i>and Belfort is a bright guy.</i>

501
00:26:09,480 --> 00:26:11,307
I think if you see the movie,

502
00:26:11,308 --> 00:26:14,049
<i>you get a somewhat rough,
approximate presentation</i>

503
00:26:14,050 --> 00:26:15,138
<i>of what happened.</i>

504
00:26:15,225 --> 00:26:17,836
- Did you just say wear a wire?
- A wire.

505
00:26:17,837 --> 00:26:19,665
What does that mean?
You want me to rat?

506
00:26:19,752 --> 00:26:21,492
Is that it?
- No. I want you to cooperate.

507
00:26:21,580 --> 00:26:22,841
No, you want me to rat.

508
00:26:22,842 --> 00:26:25,061
That's fucking exactly
what we want you to do.

509
00:26:25,148 --> 00:26:26,062
To rat.

510
00:26:26,149 --> 00:26:27,193
And he did.

511
00:26:30,284 --> 00:26:32,067
<i>It's the following Tuesday.</i>

512
00:26:32,068 --> 00:26:35,202
And for Belfort,
he's now out of jail.

513
00:26:35,289 --> 00:26:37,683
<i>Remember, this is
getting heavily covered.</i>

514
00:26:37,813 --> 00:26:41,947
So we are trying
to perpetuate the image

515
00:26:41,948 --> 00:26:46,692
that he's fighting the case,
that he's not cooperating.

516
00:26:46,822 --> 00:26:49,302
So he's coming in
to meet in my office,

517
00:26:49,303 --> 00:26:51,131
coming in
through the back elevator,

518
00:26:51,261 --> 00:26:52,698
through a parking lot
so nobody could see him.

519
00:26:55,962 --> 00:27:01,663
<i>We spent hours
and hours debriefing him.</i>

520
00:27:01,750 --> 00:27:03,709
So remember, when we're
hearing all these stories,

521
00:27:03,796 --> 00:27:05,493
there is no
"Wolf of Wall Street" books.

522
00:27:05,580 --> 00:27:07,495
There is no
"Wolf of Wall Street" movie.

523
00:27:07,582 --> 00:27:10,193
And when they would start to
tell you how things worked...

524
00:27:12,239 --> 00:27:15,285
Whoo!

525
00:27:15,372 --> 00:27:16,547
<i>Their reaction was,</i>

526
00:27:16,635 --> 00:27:19,332
yeah, this is just
what we did every day.

527
00:27:19,333 --> 00:27:21,117
<i>You know, the acts like
it was like ancient Rome,</i>

528
00:27:21,248 --> 00:27:23,379
<i>where you're like,
this is like the Colosseum.</i>

529
00:27:23,380 --> 00:27:24,599
That is impressive.

530
00:27:24,730 --> 00:27:25,686
<i>There was midget-tossing.</i>

531
00:27:25,687 --> 00:27:27,254
People's heads
were being shaved.

532
00:27:27,384 --> 00:27:29,256
Goldfish were being eaten.

533
00:27:29,343 --> 00:27:31,258
<i>It was almost like
adult Disneyland</i>

534
00:27:31,345 --> 00:27:32,520
<i>for dysfunctional people.</i>

535
00:27:35,001 --> 00:27:37,612
<i>The movie doesn't
even accurately portray</i>

536
00:27:37,699 --> 00:27:40,136
the level of insanity
that occurred back then.

537
00:27:40,223 --> 00:27:44,401
<i>Drugs, alcohol, prostitutes,
trade some more stock.</i>

538
00:27:44,488 --> 00:27:47,143
<i>Rewind,
do the same thing again.</i>

539
00:27:47,230 --> 00:27:49,318
Greg and I would look at each
other and say, oh, my God.

540
00:27:49,319 --> 00:27:51,365
This really happened.

541
00:27:51,495 --> 00:27:54,629
They would describe it the way
that somebody might describe

542
00:27:54,716 --> 00:27:57,545
what they ate for breakfast.

543
00:27:57,632 --> 00:28:01,941
<i>For me, knowing he's going
to cooperate is fantastic.</i>

544
00:28:02,071 --> 00:28:04,378
But the other thing
I needed to figure out was,

545
00:28:04,465 --> 00:28:06,772
is he really on board?

546
00:28:06,859 --> 00:28:09,078
Yes, he's been
speaking with us.

547
00:28:09,165 --> 00:28:14,388
<i>Yes, he's got a recording
device and a transmitter.</i>

548
00:28:14,475 --> 00:28:18,305
But sometimes these guys think
they're smarter than we are.

549
00:28:18,392 --> 00:28:21,612
<i>And so I have to pick
the person</i>

550
00:28:21,743 --> 00:28:24,137
that he is going to
visit first.

551
00:28:27,793 --> 00:28:30,534
When did you find out
he was wearing a wire?

552
00:28:30,621 --> 00:28:31,710
When I got arrested.

553
00:28:40,457 --> 00:28:43,547
<i>Jordan was wearing
a wire several times a week.</i>

554
00:28:43,634 --> 00:28:45,071
<i>He did a lot of meetings</i>

555
00:28:45,158 --> 00:28:48,988
<i>in some of the fanciest
restaurants in New York,</i>

556
00:28:49,075 --> 00:28:50,946
<i>where he would be out
and about public,</i>

557
00:28:51,033 --> 00:28:52,382
<i>and people would see him,
and it would perpetuate</i>

558
00:28:52,469 --> 00:28:54,688
the impression that
he was not pleading guilty,

559
00:28:54,689 --> 00:28:57,518
when in fact,
he had already pled guilty.

560
00:28:57,648 --> 00:29:00,739
<i>He was very talented at this</i>

561
00:29:00,826 --> 00:29:02,001
<i>because Jordan
could get anybody</i>

562
00:29:02,088 --> 00:29:04,743
<i>into a conversation
about anything.</i>

563
00:29:04,830 --> 00:29:07,658
He just was a natural at it.

564
00:29:07,746 --> 00:29:09,486
<i>Jordan came to me for help.</i>

565
00:29:09,573 --> 00:29:10,836
Hey, can you help me?

566
00:29:10,923 --> 00:29:12,488
Take me to go--
come to an AA meeting.

567
00:29:12,489 --> 00:29:15,754
And he came to
an AA meeting with me.

568
00:29:15,841 --> 00:29:17,799
<i>And he was asking me all
these questions and stuff,</i>

569
00:29:17,886 --> 00:29:21,672
and I knew--I knew it was--
something wasn't kosher.

570
00:29:21,760 --> 00:29:23,282
And then I remember
one time he took me

571
00:29:23,283 --> 00:29:25,851
to dinner by myself,

572
00:29:25,938 --> 00:29:28,027
asking me all these questions
and everything.

573
00:29:28,114 --> 00:29:29,549
<i>You know, we went
through everything,</i>

574
00:29:29,550 --> 00:29:30,899
<i>what we were doing.</i>

575
00:29:30,986 --> 00:29:33,119
<i>We were promoting stocks
on a website.</i>

576
00:29:33,249 --> 00:29:34,816
And we own the stocks.

577
00:29:34,903 --> 00:29:37,993
<i>Jordan pretended
he wanted to get involved.</i>

578
00:29:38,080 --> 00:29:40,604
You know, you wanted it
to be true.

579
00:29:40,691 --> 00:29:44,869
I don't know how to explain how
you want--you close your eyes.

580
00:29:44,870 --> 00:29:47,916
I was an idiot
and I trusted him.

581
00:29:48,047 --> 00:29:50,005
I was warned
by a friend of mine

582
00:29:50,092 --> 00:29:51,572
that Jordan's gonna call you.

583
00:29:51,702 --> 00:29:55,228
And sure enough, he calls me.

584
00:29:57,796 --> 00:29:59,319
Hey, Ross. What's going on?
It's Jordan.

585
00:29:59,449 --> 00:30:00,624
You know, how's it going?

586
00:30:00,711 --> 00:30:01,625
He goes, what are you up to?

587
00:30:01,712 --> 00:30:02,539
I said, you know,
I'm divorced now.

588
00:30:02,626 --> 00:30:04,672
I'm living in Bayside again.

589
00:30:04,759 --> 00:30:08,458
<i>He goes, oh, are you renting
or do you own?</i>

590
00:30:08,589 --> 00:30:10,111
Ding, ding, ding, ding.

591
00:30:10,112 --> 00:30:13,376
He would never, ever
ask a question like that.

592
00:30:13,463 --> 00:30:16,466
That was way out of character.

593
00:30:16,553 --> 00:30:21,602
Now I know he's recording me
and that was the end of it.

594
00:30:21,689 --> 00:30:23,691
That was the end
of our conversation.

595
00:30:23,778 --> 00:30:25,693
<i>He's a rat piece of shit.</i>

596
00:30:25,824 --> 00:30:28,827
You know, why me?

597
00:30:28,914 --> 00:30:32,134
<i>A few weeks later,
six FBI officers</i>

598
00:30:32,221 --> 00:30:36,573
knocking on my door, guns drawn
like I was Al Capone.

599
00:30:36,660 --> 00:30:40,708
<i>It got to the point
where every one of my partners</i>

600
00:30:40,795 --> 00:30:42,884
<i>had been arrested.</i>

601
00:30:42,971 --> 00:30:44,755
And my brother
being an attorney

602
00:30:44,843 --> 00:30:46,845
and being a very good one
and smart one,

603
00:30:46,932 --> 00:30:48,847
said, listen, asshole.

604
00:30:48,977 --> 00:30:52,502
<i>You're the only one that
hasn't gotten arrested yet.</i>

605
00:30:52,589 --> 00:30:55,548
So what we're gonna do is,
we're gonna go to them

606
00:30:55,549 --> 00:30:56,985
before they come to you.

607
00:30:57,072 --> 00:30:59,945
And that's precisely
what we did.

608
00:31:00,032 --> 00:31:02,295
<i>We voluntarily
made an appointment</i>

609
00:31:02,382 --> 00:31:07,300
to walk into the FBI
and said, here we are.

610
00:31:07,387 --> 00:31:10,085
<i>And they asked me
to wear a wire.</i>

611
00:31:10,172 --> 00:31:13,393
And then they told me
the consequences

612
00:31:13,523 --> 00:31:15,569
of disagreeing with them
on that.

613
00:31:15,699 --> 00:31:18,137
And I said, I agree.

614
00:31:18,224 --> 00:31:20,966
<i>There were no tough guys here.</i>

615
00:31:21,053 --> 00:31:22,444
<i>Everyone was
ratting on everyone.</i>

616
00:31:22,445 --> 00:31:25,971
<i>No one could rat on
another one quick enough.</i>

617
00:31:26,101 --> 00:31:28,103
I avoided ever
getting arrested,

618
00:31:28,190 --> 00:31:29,409
indicted, charged, nothing.

619
00:31:31,193 --> 00:31:33,674
<i>There was a knock
on the door.</i>

620
00:31:33,804 --> 00:31:36,198
<i>It was a man and a woman.</i>

621
00:31:36,285 --> 00:31:38,809
They opened up their coats
and sure enough,

622
00:31:38,940 --> 00:31:40,942
<i>there was a badge and a gun.</i>

623
00:31:41,029 --> 00:31:44,163
They said,
you are going to be indicted.

624
00:31:44,250 --> 00:31:47,949
<i>And I can tell you that
if you talk to us now,</i>

625
00:31:48,036 --> 00:31:50,343
<i>we could probably make a deal.</i>

626
00:31:50,430 --> 00:31:53,824
And I would have to wear
a wire and try to

627
00:31:53,912 --> 00:31:56,088
bring cases
against other people.

628
00:31:56,175 --> 00:32:00,221
And I said, I'm not
about to start

629
00:32:00,222 --> 00:32:02,267
trying to ruin
other people's lives.

630
00:32:02,268 --> 00:32:04,183
I mean, I just--

631
00:32:04,270 --> 00:32:07,403
I could not live with doing
that on top of everything else.

632
00:32:07,490 --> 00:32:09,274
So they said, okay,
if you change your mind,

633
00:32:09,275 --> 00:32:10,493
here's our card.

634
00:32:10,624 --> 00:32:12,104
And you'll be hearing from us.

635
00:32:13,888 --> 00:32:16,630
<i>It was well over 80 people
that were prosecuted.</i>

636
00:32:19,111 --> 00:32:22,462
<i>It was like a rogues' list
of criminality.</i>

637
00:32:22,549 --> 00:32:24,463
<i>There were politicians that
were being investigated.</i>

638
00:32:24,464 --> 00:32:27,249
<i>There was money launderers.</i>

639
00:32:27,336 --> 00:32:29,120
Even long after I left
the U.S. attorney's office,

640
00:32:29,121 --> 00:32:31,471
<i>for about three or four years,
the office staffed</i>

641
00:32:31,558 --> 00:32:33,908
<i>about four or five
or six prosecutors who just</i>

642
00:32:33,995 --> 00:32:35,517
handled all these cases
kinda full time

643
00:32:35,518 --> 00:32:38,173
<i>because there were so many
cases that were the byproduct</i>

644
00:32:38,260 --> 00:32:39,914
<i>of their cooperation.</i>

645
00:32:43,396 --> 00:32:46,877
Before sentencing, I brought
the judge about 200 cards

646
00:32:46,965 --> 00:32:49,402
and letters from AA people.

647
00:32:49,489 --> 00:32:54,624
Judge looked at me and said,
I think you're an idiot,

648
00:32:54,711 --> 00:32:58,454
<i>and you can't even be
a janitor in a brokerage firm.</i>

649
00:32:58,541 --> 00:33:00,761
But I'm not sending you
to jail.

650
00:33:00,848 --> 00:33:03,764
I was given three years'
probation.

651
00:33:03,851 --> 00:33:05,853
<i>I ended up
taking a plea where</i>

652
00:33:05,984 --> 00:33:08,550
<i>I admitted that
I had committed</i>

653
00:33:08,551 --> 00:33:13,078
wire fraud
and securities fraud.

654
00:33:13,165 --> 00:33:17,081
<i>And I ended up receiving
a couple of years</i>

655
00:33:17,082 --> 00:33:20,868
in federal prison,
which I served.

656
00:33:20,955 --> 00:33:23,131
And now I'm a convicted felon.

657
00:33:26,700 --> 00:33:29,007
<i>After Jordan got indicted</i>

658
00:33:29,094 --> 00:33:31,444
<i>and after they
seized everything,</i>

659
00:33:31,531 --> 00:33:35,012
we invited him for dinner
one night at my house.

660
00:33:35,013 --> 00:33:36,710
<i>Jordan and I sat
in front of the fire,</i>

661
00:33:36,797 --> 00:33:37,798
and we started talking.

662
00:33:37,885 --> 00:33:39,756
<i>How have you been?</i>

663
00:33:39,887 --> 00:33:41,106
And he's like,
I'm trying to see my kids.

664
00:33:41,193 --> 00:33:45,806
I have no money
to buy toys for my kids.

665
00:33:45,893 --> 00:33:48,590
<i>I was in
the mortgage business.</i>

666
00:33:48,591 --> 00:33:50,593
<i>I started bringing him
to my office.</i>

667
00:33:50,680 --> 00:33:53,248
<i>We start working together.</i>

668
00:33:53,335 --> 00:33:55,772
And then, one day,
I get a call.

669
00:33:55,903 --> 00:33:59,037
Jordan just gave a meeting
in front of 50 people.

670
00:33:59,124 --> 00:34:00,821
And he said, oh, Rob is out.

671
00:34:00,908 --> 00:34:04,042
I'm taking over the company.

672
00:34:04,172 --> 00:34:05,129
So when I heard this,
I'm like, wow.

673
00:34:05,130 --> 00:34:09,699
This is his--
here he goes again.

674
00:34:09,786 --> 00:34:11,484
<i>I said, what is wrong
with you?</i>

675
00:34:11,571 --> 00:34:12,702
<i>Don't you see what you did?</i>

676
00:34:12,833 --> 00:34:15,096
It's over now.

677
00:34:15,183 --> 00:34:20,013
And that's when
the friendship went awry.

678
00:34:20,014 --> 00:34:24,018
After it all happened,
we all parted our ways.

679
00:34:24,105 --> 00:34:27,847
And Jordan had
an opportunity to--

680
00:34:27,848 --> 00:34:29,719
to reach out to me a few times.

681
00:34:29,806 --> 00:34:33,375
And one was when
my daughter was diagnosed

682
00:34:33,506 --> 00:34:36,509
with leukemia, Olivia.

683
00:34:36,596 --> 00:34:42,950
<i>And she fought for her life
and eventually did die.</i>

684
00:34:44,038 --> 00:34:45,474
Nadine was supportive.

685
00:34:45,561 --> 00:34:47,737
All of our friends
were supportive.

686
00:34:47,868 --> 00:34:50,958
And never...

687
00:34:51,045 --> 00:34:55,963
Not even--not a card,
not a phone call.

688
00:34:56,050 --> 00:34:58,313
Not a message to us.

689
00:34:58,400 --> 00:35:01,186
Nothing.

690
00:35:01,273 --> 00:35:03,884
Did he let me down a lot?
Yeah, he let me down.

691
00:35:06,756 --> 00:35:09,716
<i>Jordan and Danny both
pled guilty to indictments</i>

692
00:35:09,803 --> 00:35:13,589
where they admitted
to everything.

693
00:35:13,676 --> 00:35:16,244
<i>Every single one of the
34 initial public offerings</i>

694
00:35:16,375 --> 00:35:18,072
<i>that they brought
through Stratton Oakmont</i>

695
00:35:18,159 --> 00:35:20,335
<i>was riddled with fraud
from beginning to end,</i>

696
00:35:20,422 --> 00:35:22,337
<i>and also money laundering</i>

697
00:35:22,424 --> 00:35:24,904
<i>involving the Swiss activities.</i>

698
00:35:24,905 --> 00:35:28,430
<i>They were facing anywhere
from 16 to 20 years in jail.</i>

699
00:35:28,517 --> 00:35:32,217
<i>But the judge
has total discretion</i>

700
00:35:32,304 --> 00:35:35,959
to sentence Belfort
anywhere he wants,

701
00:35:36,046 --> 00:35:38,310
including no time at all.

702
00:35:40,268 --> 00:35:43,096
<i>At the end of the day,
the judge came up</i>

703
00:35:43,097 --> 00:35:45,926
<i>with a sentencing package
that sentenced Belfort</i>

704
00:35:46,013 --> 00:35:48,276
to four years in jail.

705
00:35:51,236 --> 00:35:53,325
<i>I remember leaving
that courtroom</i>

706
00:35:53,412 --> 00:35:55,979
<i>and calling up a few
of my FBI friends</i>

707
00:35:56,066 --> 00:35:57,937
and throwing the F word around,

708
00:35:57,938 --> 00:36:00,114
probably more than
I should have.

709
00:36:00,245 --> 00:36:03,725
<i>That sentence was painful
to find out about.</i>

710
00:36:03,726 --> 00:36:05,685
<i>He should have gone away
for 20 years.</i>

711
00:36:05,772 --> 00:36:07,034
A minimum of 20 years.

712
00:36:09,123 --> 00:36:11,256
There was many questions
asked about that.

713
00:36:11,343 --> 00:36:12,953
How did they get such
a significant reduction

714
00:36:13,040 --> 00:36:14,259
in their sentences?

715
00:36:14,389 --> 00:36:15,956
One is the amount
of cooperation

716
00:36:16,043 --> 00:36:19,133
that they gave was so extreme,

717
00:36:19,264 --> 00:36:22,136
it brought down so many
other bad actors.

718
00:36:22,267 --> 00:36:24,530
<i>Second was they were
fortunate in that they got</i>

719
00:36:24,617 --> 00:36:27,707
<i>assigned Judge John Gleeson.</i>

720
00:36:27,794 --> 00:36:30,840
Judge Gleeson is the person
who took down John Gotti.

721
00:36:30,927 --> 00:36:33,800
<i>Running the nation's largest
organized crime family.</i>

722
00:36:33,887 --> 00:36:36,803
And one of the key witnesses
he had to use in the Gotti case

723
00:36:36,890 --> 00:36:40,285
was someone who had been
involved in murders.

724
00:36:40,372 --> 00:36:42,983
<i>And so Judge Gleeson
appreciated</i>

725
00:36:43,070 --> 00:36:45,725
the value of cooperation
more than almost anyone.

726
00:36:45,855 --> 00:36:49,511
<i>Justice was done because
a lot of really bad actors</i>

727
00:36:49,598 --> 00:36:50,947
<i>and people working with them
were stopped.</i>

728
00:37:00,653 --> 00:37:03,395
<i>In hindsight,
he did 22 months</i>

729
00:37:03,525 --> 00:37:05,962
in a country club
federal penitentiary,

730
00:37:06,093 --> 00:37:12,230
<i>like in the movie, a camp that
he played tennis every day.</i>

731
00:37:12,360 --> 00:37:14,667
And what a small world
that Tommy Chong

732
00:37:14,754 --> 00:37:18,236
from Cheech and Chong
would be his bunkie?

733
00:37:18,323 --> 00:37:20,542
<i>How do you describe
your brand of humor?</i>

734
00:37:20,673 --> 00:37:22,849
Pot. Pot humor.

735
00:37:22,936 --> 00:37:25,025
<i>How much a part does that
play in your comedy skits?</i>

736
00:37:25,112 --> 00:37:28,289
It depends on
how much you take.

737
00:37:28,376 --> 00:37:31,684
Tommy Chong
of Cheech and Chong fame--

738
00:37:31,771 --> 00:37:35,514
<i>comedian, star of many movies,</i>

739
00:37:35,601 --> 00:37:38,778
<i>smoker of many joints.</i>

740
00:37:38,865 --> 00:37:40,475
<i>And it was Tommy Chong
that said,</i>

741
00:37:40,562 --> 00:37:42,347
<i>you need to write a book.</i>

742
00:37:42,434 --> 00:37:44,435
<i>We would tell each
other stories at night,</i>

743
00:37:44,436 --> 00:37:45,828
and I would tell them
some of my stories,

744
00:37:45,915 --> 00:37:46,786
and he would just be laughing
and couldn't believe it.

745
00:37:46,873 --> 00:37:48,570
Then he--

746
00:37:48,657 --> 00:37:49,528
Saying, there's no
way that could be true.

747
00:37:49,615 --> 00:37:50,920
After the third day, he goes,
I thought

748
00:37:51,007 --> 00:37:52,618
you were making this stuff up.
But my wife googled you.

749
00:37:52,748 --> 00:37:54,489
And it's like,
you gotta write a book.

750
00:37:54,620 --> 00:37:56,361
And he started
writing a book in jail.

751
00:38:01,453 --> 00:38:06,240
<i>The minute you step in
prison is a traumatic event,</i>

752
00:38:06,371 --> 00:38:09,591
but in a very weird way,
I'm glad I went through it.

753
00:38:09,678 --> 00:38:11,201
Because I needed it.

754
00:38:11,289 --> 00:38:13,726
It taught me about humility.

755
00:38:13,813 --> 00:38:16,598
There's something about
scrubbing the toilets

756
00:38:16,685 --> 00:38:20,341
for 100 men every day that
teaches you lessons

757
00:38:20,428 --> 00:38:23,388
that I desperately
needed to learn.

758
00:38:23,475 --> 00:38:26,041
You know, my higher power
took care of me, punished me.

759
00:38:26,042 --> 00:38:29,306
I went through hell
for two years.

760
00:38:29,307 --> 00:38:32,440
<i>I had small pieces
of cancer removed.</i>

761
00:38:32,527 --> 00:38:36,314
Two weeks later,
I got sepsis in my stomach.

762
00:38:36,444 --> 00:38:38,968
I was put in a coma
for seven days,

763
00:38:39,055 --> 00:38:43,451
<i>where I died twice
on the table.</i>

764
00:38:43,538 --> 00:38:46,280
It was terrible life.
It was just terrible.

765
00:38:46,367 --> 00:38:49,238
God's punishment.

766
00:38:49,239 --> 00:38:51,981
<i>I was at rock bottom.</i>

767
00:38:52,112 --> 00:38:55,898
I was living by myself.

768
00:38:55,985 --> 00:38:59,162
How my dog survived,
I'll never know.

769
00:38:59,249 --> 00:39:02,469
<i>But I had gone
from this person</i>

770
00:39:02,470 --> 00:39:04,646
<i>who lived like a prince,</i>

771
00:39:04,777 --> 00:39:07,693
<i>making $1 1/2 million a year,</i>

772
00:39:07,823 --> 00:39:12,480
to being an obese drug addict,
homeless,

773
00:39:12,567 --> 00:39:16,266
penniless, friendless,
and everything else.

774
00:39:18,312 --> 00:39:22,447
<i>I was smart enough to,
when the chair stopped moving,</i>

775
00:39:22,577 --> 00:39:24,579
<i>to have $1 million.</i>

776
00:39:24,666 --> 00:39:29,584
And if I was sober enough,
I'd be retired today.

777
00:39:29,671 --> 00:39:32,587
I never had a shortage
of opportunities

778
00:39:32,674 --> 00:39:34,372
present themselves.

779
00:39:34,502 --> 00:39:40,247
I was just always too much of a
mess to take advantage of them.

780
00:39:40,334 --> 00:39:44,991
<i>I, at this point, was so
addicted that my brother</i>

781
00:39:45,078 --> 00:39:47,515
got me into a sober house.

782
00:39:47,646 --> 00:39:50,126
<i>I walked into the sober house.</i>

783
00:39:50,257 --> 00:39:54,827
<i>And here I am, in Ferragamo
shoes, Louis Vuitton luggage.</i>

784
00:39:54,914 --> 00:39:56,959
Everyone's looking at me
like I gotta be the biggest

785
00:39:57,090 --> 00:39:58,874
fucking asshole in history.

786
00:39:58,961 --> 00:40:02,443
And all of a sudden, out of
the guy's office, I hear,

787
00:40:02,530 --> 00:40:05,968
"Howie fucking Gelfand?"

788
00:40:06,099 --> 00:40:08,492
Guy comes out
of the manager's room,

789
00:40:08,493 --> 00:40:12,713
and it's a kid
I knew from high school.

790
00:40:12,714 --> 00:40:16,196
And what does he have
in his hand?

791
00:40:16,283 --> 00:40:18,459
"The Wolf of Wall Street" book.

792
00:40:23,464 --> 00:40:24,726
<i>"The Wolf of Wall Street"
tells</i>

793
00:40:24,857 --> 00:40:26,511
<i>the real life story
of Jordan Belfort.</i>

794
00:40:26,598 --> 00:40:29,077
<i>The one-time stockbroker
spent 22 months in prison.</i>

795
00:40:29,078 --> 00:40:32,430
When Jordan's book came out,
did you read the book?

796
00:40:32,517 --> 00:40:33,560
I read the book.

797
00:40:33,561 --> 00:40:35,520
What did you think?

798
00:40:35,607 --> 00:40:37,565
<i>I was mentioned in the book
and I wasn't mentioned</i>

799
00:40:37,652 --> 00:40:41,743
very nicely,
but I understood it.

800
00:40:41,874 --> 00:40:47,096
<i>I think Jordan Belfort
is the classic anti-hero.</i>

801
00:40:47,183 --> 00:40:48,794
There's every reason
to not like him.

802
00:40:48,924 --> 00:40:51,884
He has a lot of traits
that are not likable.

803
00:40:51,971 --> 00:40:55,235
But for some reason,
you are rooting for him.

804
00:40:55,365 --> 00:40:57,759
And I can tell you
from knowing him personally,

805
00:40:57,890 --> 00:41:00,240
I felt that way myself.

806
00:41:00,327 --> 00:41:02,547
<i>I bought the book.</i>

807
00:41:02,677 --> 00:41:03,548
<i>I got on the subway.</i>

808
00:41:06,812 --> 00:41:08,683
And I turned to the yacht page.

809
00:41:08,770 --> 00:41:11,599
<i>And I saw my name,
my ex-wife's name,</i>

810
00:41:11,686 --> 00:41:15,603
what we did in life,
how our lives were.

811
00:41:15,690 --> 00:41:18,476
I'm like, what the fuck
is wrong with this guy?

812
00:41:18,563 --> 00:41:20,478
He needs to embellish
himself that much

813
00:41:20,565 --> 00:41:22,654
that he has to name people?

814
00:41:22,741 --> 00:41:26,527
He mentioned how Rob's
the cheapest guy alive.

815
00:41:26,614 --> 00:41:29,748
<i>Most of the people he talked
about, he made fun of.</i>

816
00:41:29,835 --> 00:41:33,446
<i>You know, it's just constant
little jabs at people.</i>

817
00:41:33,447 --> 00:41:38,278
Whether it's his wife, his
friends, his friends' wives,

818
00:41:38,365 --> 00:41:40,541
very rarely something
good about somebody.

819
00:41:40,628 --> 00:41:42,151
<i>He wrote this book.</i>

820
00:41:42,238 --> 00:41:43,588
You know, I read it.

821
00:41:43,675 --> 00:41:46,591
And I was like,
what the hell is this?

822
00:41:46,678 --> 00:41:48,244
And he's like, no,
I did it for you.

823
00:41:48,331 --> 00:41:49,810
I did it for us.

824
00:41:49,811 --> 00:41:50,812
I'm like, no,
you didn't do it for me.

825
00:41:50,943 --> 00:41:51,813
I'm happily remarried.

826
00:41:51,944 --> 00:41:53,859
You did it for you.
That's okay.

827
00:41:53,989 --> 00:41:55,991
I don't agree with what you're
doing, but it's your life.

828
00:41:56,078 --> 00:41:57,515
You gotta do it, right?

829
00:41:57,645 --> 00:42:00,561
And then there were rumors
that a movie was coming out.

830
00:42:02,650 --> 00:42:04,957
And I'm like,
there's no fucking way.

831
00:42:05,044 --> 00:42:07,698
As long as you portray
people as authentically

832
00:42:07,699 --> 00:42:10,745
as you possibly can, and you
give an accurate portrayal

833
00:42:10,876 --> 00:42:15,141
of their very nature, audiences
will go along with you on that.

834
00:42:15,228 --> 00:42:16,969
<i>What guy on Wall Street
wouldn't wanna have</i>

835
00:42:17,056 --> 00:42:19,493
Leonardo DiCaprio
play you in the movie?

836
00:42:22,409 --> 00:42:24,411
The movie becomes a sensation.

837
00:42:27,283 --> 00:42:29,242
<i>Everyone's talking
about Martin Scorsese's</i>

838
00:42:29,372 --> 00:42:31,287
<i>"The Wolf of Wall Street."</i>

839
00:42:31,418 --> 00:42:33,942
<i>"The Wolf of Wall Street"
is closing in on $100 million</i>

840
00:42:34,029 --> 00:42:35,290
<i>in box office.</i>

841
00:42:35,291 --> 00:42:36,771
<i>Five Oscar nominations.</i>

842
00:42:36,858 --> 00:42:38,599
<i>"The Wolf of Wall Street"
has received</i>

843
00:42:38,686 --> 00:42:40,862
<i>two Golden Globe nominations.</i>

844
00:42:40,949 --> 00:42:44,691
And like the phoenix rising,
Jordan Belfort is actually

845
00:42:44,692 --> 00:42:46,172
able to reinvent himself.

846
00:42:46,259 --> 00:42:48,261
In that book,
I came up with the most

847
00:42:48,348 --> 00:42:52,047
effective persuasion strategy
in the history of Wall Street.

848
00:42:52,134 --> 00:42:55,528
<i>He goes on TV shows
to pitch a sales technique,</i>

849
00:42:55,529 --> 00:42:58,401
starts giving lectures,
and is able to start

850
00:42:58,488 --> 00:43:02,449
a whole motivational speaking
lifestyle, business.

851
00:43:02,536 --> 00:43:04,146
When you get hit
with an objection,

852
00:43:04,233 --> 00:43:07,889
you engage in something
called deflection.

853
00:43:07,976 --> 00:43:11,806
<i>Fueled by nonstop
stream of online videos.</i>

854
00:43:11,893 --> 00:43:14,460
<i>And you look within
yourself and find you,</i>

855
00:43:14,461 --> 00:43:16,768
find your best self.

856
00:43:16,898 --> 00:43:20,728
Start a free trial right now
and get a 20% discount.

857
00:43:20,859 --> 00:43:24,123
Jordan has become a legend.

858
00:43:24,253 --> 00:43:27,169
The legendary Wolf of
Wall Street, Jordan Belfort.

859
00:43:27,300 --> 00:43:30,216
It's the real
Wolf of Wall Street.

860
00:43:30,303 --> 00:43:32,653
<i>Belfort!</i>

861
00:43:32,740 --> 00:43:34,785
I got the chest bump.
All right.

862
00:43:34,786 --> 00:43:38,833
<i>Jordan is treated
by social media influencers</i>

863
00:43:38,964 --> 00:43:43,403
as kind of an influential
figure, a role model.

864
00:43:43,533 --> 00:43:46,711
The younger generation
really looks up to him.

865
00:43:46,841 --> 00:43:48,974
I will not die sober.

866
00:43:49,104 --> 00:43:50,497
Are you gonna die sober?

867
00:43:50,584 --> 00:43:53,848
They wish that they had
been there for the fun

868
00:43:53,935 --> 00:43:56,416
and the money and the women.

869
00:43:56,546 --> 00:44:02,074
Every time I go on Instagram,
he's in my face.

870
00:44:02,161 --> 00:44:03,422
<i>These people.</i>

871
00:44:03,423 --> 00:44:04,642
"Wish I could meet you."

872
00:44:04,729 --> 00:44:07,949
"Legendary" with two flames.

873
00:44:08,080 --> 00:44:10,735
"Wow! Wish I was there."

874
00:44:10,865 --> 00:44:12,432
To what?

875
00:44:12,519 --> 00:44:15,565
Become a fucking drug addict
and get arrested?

876
00:44:15,653 --> 00:44:19,003
I see that he's got, like,
upcoming trips to Miami,

877
00:44:19,004 --> 00:44:23,095
Brazil, Florida, Poland?

878
00:44:23,182 --> 00:44:25,618
<i>And now he gets $100,000.</i>

879
00:44:25,619 --> 00:44:28,143
He does speeches,
fly in private jets.

880
00:44:28,230 --> 00:44:31,407
<i>But the real way to make money
is to invest in yourself.</i>

881
00:44:32,887 --> 00:44:35,194
There's thousands
and thousands of victims

882
00:44:35,281 --> 00:44:36,891
that have bought stocks
that these guys

883
00:44:36,978 --> 00:44:38,676
put them into and lost
a lot of money.

884
00:44:38,806 --> 00:44:41,069
People would be
literally wiped out.

885
00:44:41,156 --> 00:44:44,203
<i>Jordan was ordered to pay
more than 110 million</i>

886
00:44:44,290 --> 00:44:47,641
by the government as part of
his sentence for his crimes.

887
00:44:47,772 --> 00:44:49,424
I've been trying to
settle this thing for years,

888
00:44:49,425 --> 00:44:51,906
and they have essentially
stonewalled me at every step.

889
00:44:52,037 --> 00:44:53,734
So I've said enough about this.
Let's move on.

890
00:44:53,821 --> 00:44:55,256
Let me ask you
this one thing, though.

891
00:44:55,257 --> 00:44:56,650
Let's move on, okay?

892
00:44:56,781 --> 00:44:58,957
Honestly, I'm ready--I'm not
gonna get attacked here.

893
00:44:59,044 --> 00:45:01,220
You're here.
So I'm done with this. Next.

894
00:45:01,350 --> 00:45:04,049
<i>The judge ordered that
the defendants contribute</i>

895
00:45:04,136 --> 00:45:06,138
<i>half of their proceeds,
half of their profits,</i>

896
00:45:06,225 --> 00:45:08,793
<i>to this restitution fund.</i>

897
00:45:08,880 --> 00:45:12,100
<i>If you look at other people
in my position,</i>

898
00:45:12,187 --> 00:45:14,799
I'm the only one who,
over the long term,

899
00:45:14,929 --> 00:45:16,496
has been paying back investors.

900
00:45:16,583 --> 00:45:18,018
And I'm proud of that.

901
00:45:18,019 --> 00:45:19,238
And, you know,
my goal one day would

902
00:45:19,325 --> 00:45:21,066
be to pay back all the money.

903
00:45:21,196 --> 00:45:22,763
<i>Various victims'
representatives</i>

904
00:45:22,850 --> 00:45:24,677
<i>would come to court
and raise concerns,</i>

905
00:45:24,678 --> 00:45:26,853
while the government
tries to do what it can

906
00:45:26,854 --> 00:45:29,857
to make victims whole,
it's often

907
00:45:29,988 --> 00:45:31,641
next to impossible to do that.

908
00:45:44,045 --> 00:45:46,047
I had worked hard
to accumulate that money.

909
00:45:46,134 --> 00:45:49,442
And it was all the money
I had at the time.

910
00:45:49,529 --> 00:45:53,402
I was fortunate that I could
pick up extra shifts at work.

911
00:45:53,533 --> 00:45:56,491
I worked for a long time,

912
00:45:56,492 --> 00:45:58,451
like 18 hours a day,
7 days a week.

913
00:45:58,581 --> 00:46:00,408
You know?

914
00:46:00,409 --> 00:46:02,063
The first day I took off was
when my daughter got married,

915
00:46:02,194 --> 00:46:03,848
I think, yeah.

916
00:46:03,978 --> 00:46:06,067
Money comes hard
and it goes easy.

917
00:46:06,198 --> 00:46:08,200
You know, you work
your tail off and poof,

918
00:46:08,287 --> 00:46:10,332
it goes like that.

919
00:46:10,463 --> 00:46:12,160
<i>They knew the whole game.</i>

920
00:46:12,291 --> 00:46:15,816
<i>They sold their soul
for the money, basically.</i>

921
00:46:15,903 --> 00:46:19,428
You know, they have
to live with that.

922
00:46:22,649 --> 00:46:27,175
<i>The Stratton years
of the damage I caused</i>

923
00:46:27,262 --> 00:46:31,789
for these people
eats away at me to this day.

924
00:46:33,791 --> 00:46:37,142
<i>I had felt such remorse.</i>

925
00:46:37,272 --> 00:46:41,537
And the more sober I got,
the more remorse I felt.

926
00:46:43,757 --> 00:46:46,891
<i>The lifestyle that
we all led was great,</i>

927
00:46:46,978 --> 00:46:49,154
<i>but I wasn't aware
that the money</i>

928
00:46:49,284 --> 00:46:51,547
<i>was literally being taken
from people's</i>

929
00:46:51,678 --> 00:46:53,593
<i>lives and their savings.</i>

930
00:46:53,680 --> 00:46:57,162
It all funneled into everything
that was bought and purchased

931
00:46:57,292 --> 00:46:59,425
and lifestyles
and the car I drove.

932
00:46:59,512 --> 00:47:01,122
And it was all
a big part of that.

933
00:47:04,778 --> 00:47:07,301
And I feel--honestly,
I have guilt.

934
00:47:07,302 --> 00:47:09,217
I feel guilt.

935
00:47:09,304 --> 00:47:14,527
I let my greed and my ego
stand in the way

936
00:47:14,614 --> 00:47:18,357
<i>of my better judgment
and my morality.</i>

937
00:47:18,444 --> 00:47:20,707
I don't think the fact
that I feel guilty about it

938
00:47:20,838 --> 00:47:22,578
makes me any better a guy.

939
00:47:22,709 --> 00:47:24,275
I think it makes me a worse guy

940
00:47:24,276 --> 00:47:26,495
'cause I knew
what I was doing was wrong.

941
00:47:26,582 --> 00:47:29,934
I regret letting
myself be blind.

942
00:47:30,064 --> 00:47:31,936
I regret hurting people.

943
00:47:32,023 --> 00:47:33,807
<i>People lost money.</i>

944
00:47:33,938 --> 00:47:35,374
You could say,
they take the risk

945
00:47:35,461 --> 00:47:36,984
and they could afford the risk.

946
00:47:37,115 --> 00:47:38,725
You could use
all the excuses you want.

947
00:47:38,812 --> 00:47:40,248
But the truth of the matter is,

948
00:47:40,335 --> 00:47:42,903
they had no chance
of making money.

949
00:47:44,557 --> 00:47:46,776
If you could talk to the
victims who lost their money,

950
00:47:46,864 --> 00:47:48,561
what would you say to them?

951
00:47:50,389 --> 00:47:52,173
What would I say to them?

952
00:47:52,260 --> 00:47:55,219
You know, all I can say is,
believe me,

953
00:47:55,220 --> 00:47:56,656
I paid a price for it.

954
00:47:56,743 --> 00:47:58,397
But I don't expect
your forgiveness.

955
00:47:58,527 --> 00:48:00,399
I haven't forgiven myself.

956
00:48:00,486 --> 00:48:02,053
Why should you?

957
00:48:04,142 --> 00:48:06,405
Do you have any regrets?

958
00:48:06,492 --> 00:48:07,406
Not one.

959
00:48:07,493 --> 00:48:09,190
Hi, Chandler!

960
00:48:09,321 --> 00:48:11,366
<i>I have
my beautiful children.</i>

961
00:48:11,453 --> 00:48:13,891
<i>And my daughter's a therapist.</i>

962
00:48:13,978 --> 00:48:17,503
And she just gave birth,
so I have a beautiful grandson.

963
00:48:17,590 --> 00:48:18,851
<i>And my son's a musician.</i>

964
00:48:18,852 --> 00:48:21,507
And I have three
beautiful stepdaughters.

965
00:48:23,204 --> 00:48:28,035
<i>So life turned out good.</i>

966
00:48:28,122 --> 00:48:32,083
So Jordan's story,
when he gives talks,

967
00:48:32,170 --> 00:48:33,911
when he's doing interviews,

968
00:48:33,998 --> 00:48:37,697
it's a story
about his redemption.

969
00:48:37,784 --> 00:48:40,134
How do you wanna be
remembered?

970
00:48:40,221 --> 00:48:41,744
As the ultimate
comeback story,

971
00:48:41,831 --> 00:48:44,269
ultimate redemption story.

972
00:48:44,356 --> 00:48:47,402
Part of Jordan's narrative
is that he took people

973
00:48:47,489 --> 00:48:50,536
from the gutter and turned them
into millionaires.

974
00:48:50,623 --> 00:48:52,930
The thing about my life that
I think, really, when you get

975
00:48:53,017 --> 00:48:58,326
down to it, is that I made
all these disempowered kids

976
00:48:58,413 --> 00:49:00,372
<i>into superstars.</i>

977
00:49:00,459 --> 00:49:01,851
This is not a guy
who deserves to be

978
00:49:01,939 --> 00:49:03,897
giving interviews of being
an expert on something.

979
00:49:04,028 --> 00:49:05,333
In the book,
I really show you

980
00:49:05,464 --> 00:49:08,554
a system that is about being
100% honest, integrous.

981
00:49:08,641 --> 00:49:11,383
Anyone who falls
for that crap is an idiot.

982
00:49:11,470 --> 00:49:16,257
<i>My life into itself serves
as inspiration to people.</i>

983
00:49:16,344 --> 00:49:20,087
Jordan affected and hurt a
lot of people and no remorse.

984
00:49:20,174 --> 00:49:21,959
I guess I can say
I'm proud that I was

985
00:49:22,046 --> 00:49:23,917
able to turn my life around.

986
00:49:24,004 --> 00:49:26,702
I see the same old Jordan.

987
00:49:26,789 --> 00:49:31,055
He has reinvented himself,
but he really is, at his heart,

988
00:49:31,142 --> 00:49:32,056
just a salesman.

989
00:49:32,186 --> 00:49:33,492
My message is this.

990
00:49:33,579 --> 00:49:36,190
There's only one way
to get rich, and that's quick.

991
00:49:36,321 --> 00:49:37,583
And he's just selling
a different product now.

992
00:49:37,670 --> 00:49:38,845
And the product is Jordan.

993
00:49:40,629 --> 00:49:43,981
He went from felon
to cooperator,

994
00:49:44,111 --> 00:49:46,940
<i>and then he writes this book.</i>

995
00:49:47,027 --> 00:49:51,249
Now he was the Leonardo
DiCaprio guy in the movie,

996
00:49:51,336 --> 00:49:53,903
<i>and then he becomes
reincarnated as a celebrity.</i>

997
00:49:57,211 --> 00:49:58,256
Only in America.

998
00:50:04,871 --> 00:50:09,006
<i>♪ I like the way
you control everything ♪</i>

999
00:50:09,093 --> 00:50:11,878
<i>♪ I never stop
from letting go ♪</i>

1000
00:50:11,965 --> 00:50:15,099
<i>♪ Never stop from letting go ♪</i>

1001
00:50:15,186 --> 00:50:17,666
<i>♪ You got me down
on the floor ♪</i>

1002
00:50:17,753 --> 00:50:22,193
<i>♪ Oh, you've got me beggin'
you for so much more ♪</i>

1003
00:50:22,323 --> 00:50:24,108
<i>♪ Beggin' you
for so much more ♪</i>

1004
00:50:24,238 --> 00:50:25,544
<i>♪ 'Cause the way
that you tease me ♪</i>

1005
00:50:25,674 --> 00:50:29,287
<i>♪ Keeps me holding on ♪</i>

1006
00:50:29,374 --> 00:50:30,723
<i>♪ And the way that
you treat me ♪</i>

1007
00:50:30,810 --> 00:50:32,246
<i>♪ Brings me back for more ♪</i>

1008
00:50:32,333 --> 00:50:37,469
<i>♪ So come on,
jump into the flames ♪</i>

1009
00:50:37,556 --> 00:50:42,256
<i>♪ And I just need
to feel your fire ♪</i>

1010
00:50:42,343 --> 00:50:47,827
<i>♪ So come and jump
into the flames ♪</i>

1011
00:50:47,914 --> 00:50:52,266
<i>♪ And I just need
to feel your fire ♪</i>

1012
00:50:52,353 --> 00:50:57,663
<i>♪ So come and jump
into the flames ♪</i>

1013
00:50:57,750 --> 00:51:02,711
<i>♪ And give in
to your dark desires ♪</i>

1014
00:51:02,798 --> 00:51:09,370
<i>♪ So I can feel
the heat on you ♪</i>

1015
00:51:13,157 --> 00:51:18,510
<i>♪ Come on and jump
into the flames ♪</i>

1016
00:51:21,730 --> 00:51:26,083
<i>♪ Jump into the flames ♪</i>


