What is the true story behind wolf of Wall Street?

"The Wolf of Wall Street" is based on the life of Jordan Belfort, a stockbroker who founded the brokerage firm Stratton Oakmont in the 1990s. Belfort gained fame for his lavish lifestyle and aggressive sales tactics, which ultimately led to widespread securities fraud and money laundering. The firm was involved in pump-and-dump schemes, manipulating stock prices to profit at the expense of investors. Belfort was eventually indicted and sentenced to prison, serving 22 months for his crimes, and has since become a motivational speaker and author.