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'The wolf of Wall Street' says he fell for a fraud scheme in Egypt

Ahram Online , Sunday 10 Dec 2017
File photo: Jordan Belfort, the financier convicted of fraud and the author of the book "The Wolf of Wall Street" (Reuters)
Views: 7231
Views: 7231

Famous motivational speaker and author Jordan Belfort, who is known as "the wolf of Wall Street" for his stock market fraud schemes in the United States, announced that an event planned for Cairo at which he was scheduled to speak later this month turned out to be a fraud.

According to a post published on Belfort's official Facebook page on Saturday, he was set to speak at Cairo Stadium on 16 December, but the event turned to be a "total fraud".

"The promoter has disappeared without paying my speaking fee or booking my travel," he said in the post, urging those who bought tickets to track the man to get a refund.

Belfort added that the promoter -- whom he did not name -- would not give the people a refund and that those who booked the event should contact the police.

"I alerted the local Egyptian newspaper and news shows," he said.

Jordan Belfort was set to appear in the event called Rise of the Entrepreneurs, which was widely promoted by its organizer online and offline using huge billboards across Cairo and ads in Egypt's major newspapers.

Belfort was among the three main speakers of the alleged event along with other motivation speakers Dan Anderson and Waqas Suhail.

On the official Facebook page of the event, a short post appeared on Sunday saying that the event was cancelled and all tickets would be refunded with no further details.

The event was organized by Sameh Abdel Moneim Galal, a self-proclaimed entrepreneur and CEO of The Target Academy for Training and Consultation, according to the academy's official Facebook page. Galal was also among the scheduled speakers of that event.

Jordan Belfort is a former stockbroker and entrepreneur who was found guilty in 1999 to fraud in connection with stock market manipulation. He was sentenced to four years in prison. Belfort only served 22 months after an agreement to cooperate with investigators about the accomplices in his crimes.

Currently, Belfort is a best-selling author and motivational speaker. His memoir "The Wolf of Wall Street" was adapted in to a blockbuster film released in 2013 starring Leonardo DiCaprio and Jonah Hill, and directed by Martin Scorsese.

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