person:jordan belfort

Security tokens and the loophole in corporate #law
▻https://hackernoon.com/security-tokens-and-the-loophole-in-corporate-law-d34b951ee48f?source=rs

https://cdn-images-1.medium.com/max/629/1*fT7gvPytfRiA41mLaHVVcQ.jpeg

This element of corporate law will make or break the security #token industry. 99% of the companies offering a security token in the Netherlands will explore this legal structure — Therefore, it matters.Jordan Belfort throwing out money made from “penny stocks” in the movie ‘Wolf of Wall Street’On a global level, we are currently exploring the vast implications of the forthcoming security token industry. Security tokens are expected to disrupt #finance and access to capital because companies and start-ups will be empowered to turn to the crowd for funding.While building the ecosystem, together with other companies in the Netherlands, I stumbled upon a particular exception in Dutch law. Many issuers could leverage this exception in the near future, which is very good according to some and very bad (...)

#funding #blockchain

An Open Letter to the Makers of The Wolf of Wall Street, and the Wolf Himself
►http://blogs.laweekly.com/informer/2013/12/wolf_of_wall_street_prousalis.php

BY CHRISTINA MCDOWELL
I hate to be the bearer of bad news, dear Kings of Hollywood, but you have been conned.

Let me introduce myself. My name is Christina McDowell, formerly Christina Prousalis. I am the daughter of Tom Prousalis, a man the Washington Post described as “just some guy on trial for penny-stock fraud.” (I had to change my name after my father stole my identity and then threatened to steal it again, but I’ll get to that part later.) I was eighteen and a freshman in college when my father and his attorneys forced me to attend his trial at New York City’s federal courthouse so that he “looked good” for the jury — the consummate family man.

And you, Jordan Belfort, Wall Street’s self-described Wolf: You remember my father, right? You were chosen to be the government’s star witness in testifying against him. You had pleaded guilty to money laundering and securities fraud (it was the least you could do) and become a government witness in two dozen cases involving your former business associate, but my father’s attorneys blocked your testimony because had you testified it would have revealed more than a half-dozen other corrupt stock offerings too. And, well, that would have been a disaster. It would have just been too many liars, and too many schemes for the jurors, attorneys or the judge to follow.

But the records shows you and my father were in cahoots together with MVSI Inc. of Vienna, e-Net Inc. of Germantown, Md., Octagon Corp. of Arlington, Va., and Czech Industries Inc. of Washington, D.C., and so on — a list of seemingly innocuous, legitimate companies that stretches on. I’ll spare you. Nobody cares. None of these companies actually existed, yet all of them were taken public by the one and only Wolf of Wall Street and his firm Stratton Oakmont Inc in order to defraud unwitting investors and enrich yourselves.

See also: 10 Reasons the Real-Life Wolf of Street Is a Schmuck Who Shouldn’t Be Trusted

As an eighteen-year-old, I had no idea what was going on. But then again, did anyone? Certainly your investors didn’t — and they were left holding the bag when you cashed out your holdings and got rich off their money.

So Marty and Leo, while you glide through press junkets and look forward to awards season, let me tell you the truth — what happened to my mother, my two sisters, and me.

#le_loup_de_wall_street