Since being convicted in 2004, for defrauding clients out of $200 million, Belfort has reinvented himself as a “reputable entrepreneur”, working with client’s like Delta and Virgin Airlines. When interviewed by Nick Harding of the Independent, Belfort states “he still teaches his “Straight Line” selling technique; a set of pre-determined steps from first contact to closing a deal, in his seminars that pays him close to $30,000 an hour.” That’s not a typo $30,000 an hour, what some employees make in a year.
I’m glad to hear that he’s turned over a new leaf, although at the time, he couldn’t have cared less about the people he was swindling. Isn’t it a shame that greed drives people to prey on those who fall for the glitz and glamour? I suppose the ones taken for their life savings will be more diligent in the future.
Here’s my tip for today: Be a wise consumer, ask around for recommendations for a Financial Advisor, and if they tell you something that seems to good to be true, it probably is. Ask for a prospectus before jumping on the bandwagon, take your time to investigate. Trust your gut instinct, and you won’t go wrong.