In the Margins

'Wolf of Wall Street' firm back in the news

May 4, 2016

By InvestmentNews

Another former Stratton Oakmont Inc. broker has been accused of a scam. Christopher Castaldo was one of nine financial professionals charged Tuesday with helping make investors believe a company called ForceField Energy Inc. was worth hundreds of millions of dollars. In reality it had “essentially no business operations and very little revenue,” making the stock worthless, Brooklyn U.S. Attorney Robert Capers said. Stratton Oakmont was made famous in the film “Wolf of Wall Street,” with Leonardo DiCaprio playing firm founder Jordan Belfort. Read the original story from InvestmentNews.

 

 

Most Read

Top of the Agenda - Governance
Victory-USAA deal: New board leadership on deck

In an unusual move, the board overseeing USAA's mutual funds is planning to replace its long-serving independent chairman with an interested chair upon completion of Victory ...