When Was Jordan Belfort Arrested
Jordan Belfort was arrested on July 6, 1998, after a lengthy federal investigation into his stock brokerage operations. He was taken into custody by federal agents and later charged with multiple financial crimes.
Charges and Conviction
Belfort pleaded guilty to securities fraud and money laundering in connection with running pump-and-dump schemes through his firm, Stratton Oakmont. He cooperated with prosecutors and testified against former partners and associates.
Sentence and Prison
In 1999, Belfort was sentenced to 22 months in prison as part of a plea deal. He served approximately 22 months in federal custody and was later released under supervised conditions. Details of his case are documented by the U.S. Securities and Exchange Commission.
