Jordan Belfort fully embraced his Wolf of Wall Street persona to encourage GameStop traders in a parody video, telling them to “hold the line.” The 2013 film The Wolf of Wall Street was directed by Martin Scorsese and based on Belfort’s 2007 memoir of the same name. The film was a massive hit at the box office along with critics due to its powerhouse performances, scathing satire, and dark comedy.
The former stockbroker’s recent video parodies a scene from The Wolf of Wall Street in which Jordan Belfort, portrayed by Leonardo DiCaprio, intends to deliver a farewell speech to his investment firm Stratton Oakmont, but decides to stay in the middle of the speech. Belfort's tirade is passionate, intense, hilarious at times, and one of the most memorable parts of the film. The scene has also spawned many memes and provided inspiration for a few different spoofs over the past decade.
In a nearly three-minute-long video uploaded to his YouTube channel Monday, Jordan Belfort, who refers to himself as “the real Wolf of Wall Street,” provided some encouragement for Gamestop stock traders and sent them a “message of love, respect, and support.” Belfort, who made millions as a stockbroker, criticized RobinHood's decision to suspend the trading of GameStop stock on their app. He went on to slam RobinHood, Wall Street, and hedge funds as “hypocrites.” Although, Belfort’s primary message was to not be intimidated by Wall Street. Watch the full parody video below:
Now working as a motivational speaker, Belfort has speaking chops which are apparent in his parody video as he delivers multiple iconic lines from the movie, including “We’re not f***ing leaving!” and “They’re going to need a f***ing wrecking ball to take us out of here!” Along with sharing the parody video, Belfort sent out a tweet with the hashtag “Hold the line,” which has been the mantra of r/WallStreetBets since the GameStop stock debacle began.
Since Belfort pled guilty to fraud, stock-market manipulation, running penny-stock scams, and other related crimes in 1999, he has been banned from acting as a broker or an investment advisor of any kind. It is too soon to know if the SEC will take action after this video, but it does not seem to cross any lines since Belfort does not explicitly tell shareholders what they should do. However, one key difference between Belfort and the Redditors he appears to admire is that GameStop traders have not done anything illegal, while Belfort has become infamous for his crimes. For Redditors, it is unlikely the feeling is mutual.
Source: Jordan Belfort/YouTube
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