Porush and Belfort met through the former’s wife. Well, in reality, the “real name” of Donnie Alzoff was Danny Porush. How Accurate is Wolf of Wall Street?Ī large chunk of Belfort’s time at Stratton Oakmont from its founding to its demise is captured in ‘The Wolf of Wall Street.’ However, viewers must have wondered how much of the movie is true, and how much of it did not actually happen.įirstly, in the movie, Belfort (DiCaprio) and Donnie Alzoff (Jonah Hill) meet in a restaurant after the latter gets impressed by the former’s Jaguar. Stratton Oakmont participated in a number of different frauds, including pump-and-dump schemes to artificially inflate the price of penny stocks,” according to Investopedia. “It was in his position as founder of Stratton Oakmont that Belfort committed the illegal activities which would ultimately send him to prison. Belfort was the founder of Stratton Oakmont, a brokerage firm. ‘The Wolf of Wall Street’ is based on a memoir that revolves around the life of, and is written by Jordan Belfort. Scorsese does take some creative license, but not as much a one would think. Even though some of the scenes in the movie are just downright unimaginable - a midget being thrown like a dart, a chimpanzee being brought to the office, a helicopter crash - most of the film is inspired from real events. Yes, it is no secret that ‘The Wolf of Wall Street’ is based on a true story. Is The Wolf of Wall Street Based on a True Story?
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