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January 21st, 2014
04:38 PM ET

"Piers Morgan Live, Rewind": Jordan Belfort insists his film be viewed as a cautionary tale, offers qualification for movie's abusive scene

Whether you fell asleep early, stayed out too late, or simply want to watch it again, we realize it's not always possible to get your entire "Piers Morgan Live" fix from television. As an answer to this, we offer the below labor of love – "Piers Morgan Live, Rewind" – dedicated and designed to getting you caught up and connected to the conversation.

  • Belfort on "The Wolf of Wall Street": A cautionary tale

For years, Jordan Belfort employed dishonest business practices to prey on American investors. But on Monday night, the real “Wolf of Wall Street” was nothing if not transparent.

Joining "Piers Morgan Live" for the first interview since the release of the Oscar-nominated film which depicts his decadent rise to excessive wealth, Belfort noted that the movie, and his autobiography upon which it's based, should be viewed as manuals of what to avoid, not mimic.

Asked by the host if there's a concern that “The Wolf of Wall Street,” which features superstar Leonardo DiCaprio in the titular role, might serve to glamorize the former stock broker's villainous behavior, Belfort offers a few key contrasts that separate the current Oscar-nominated file, and it's similarly-themed predecessors, including the 1987 classic “Wall Street” starring Michael Douglas.

“There’s a fundamental difference between the Gordon Gekko character and myself. Number one, Gordon Gekko was a fictionalized character and [the audience] never really saw his downfall," he noted, as part of an exclusive interview. "In this movie it's pretty clear that I lost everything.”

Belfort continued, telling Morgan that rather than glorifying or encouraging over-indulgence, he believes “The Wolf of Wall Street” could offer a constructive critique of greed:

“For me it’s important that the movie is viewed the right way, certainly as a cautionary tale.”

  • Belfort on spousal abuse: I hadn't slept because of all the cocaine/strong>

On the heels of the now Oscar-nominated film "The Wolf of Wall Street," on Monday evening, the man whose autobiography inspired the film joined "Piers Morgan Live" for a live, hour-long, face to face interview.

Depicted on screen by legendary Hollywood icon Leonardo DiCaprio, Jordan Belfort is made to be a man who employs unethical stockbroking tactics as a way to bilk investors out of hundreds of thousand of dollars.

And while the 51-year-old has no trouble admitting his shady business practices, he did take exception to the way the movie portrayed the relationship with his family. In fact, he went so far as to take his eldest child to the theater so as to point out any inaccuracies:

"I took my son to the movie – he was 18 – with my ex-wife,” Belfort told Piers Morgan. “Together, because we wanted to show him what was true.”

Belfort was particularly defensive of a controversial scene in which DiCaprio’s character kicks his wife down the stairs of their mansion home, while the couple's small daughter looked on:

“That moment was the highest I'd ever been in my life,” Belfort said of the incident. “I hadn't slept in probably two months because of all the cocaine.”

While the drug-induced high resulted in an all-time low, Belfort claimed that overall he was and is a good father:

“At first ... they don't even remember because I got sober when they were still, you know, babies,” Belfort told Morgan. “But my children are obviously proud of me and they know me for the man I am today.”

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soundoff (9 Responses)
  1. Dave

    Comment on your statement with Ann Coulter on your show that, "No one has ever died using Cannibus." They are essentially smoking unfiltered cigarettes. How can they be exposed,by breathing in deeply byproducts of the burning process, and not be exposed to cancer causing agents? Come on Piers...smoking anything is capable of causing cancer.

    January 22, 2014 at 9:29 pm | Report abuse | Reply
  2. Sk

    I find Mr. Jordon Belford not genuine in heart at all. I believe he again has cleverly come up with a methodical device of mind manipulation. This movie is only another design created to pay off his debt with other people finances. Basically what he is indirectly doing is repeating on society what got him in the situation he is in now. He is now paying off his debt with the income of actors and consumers finances etc. Just as he once lived off the income that he stole from investors. Society is still allowing this troll to steal kill and destroy them with his vivid trickery. He is not to brilliant because some people can see a lie when it is speaking words into the universe. A lie will always tell on himself.

    January 24, 2014 at 10:39 pm | Report abuse | Reply
  3. VLH\

    Hey CNN execs !! Regarding the recent interview with Jordan Belfort, aka the real "Wolf of Wall Street" – You have obviously noticed an unusually high degree of interest in this particular episode of "Piers Morgan Live" – enough that you have recently replayed it on your cable channel. Wouldn't it be a great idea to make the COMPLETE episode available on your high-dollar website for those of us who have a life ? Loaded with advertising, as expected, but you have the technology – use it !! A jumble of "clips" selected by others and presented in a random fashion is highly annoying and just doesn't cut it !!
    Thanks !!

    January 25, 2014 at 2:13 am | Report abuse | Reply

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