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January 24th, 2014
05:40 PM ET

Jordan Belfort says "The Wolf of Wall Street" should be viewed as a "cautionary tale"

For years Jordan Belfort employed dishonest business practices to prey on American investors. But tonight, the real “Wolf of Wall Street” is 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 notes that the movie, and his autobiography upon which it's based, should be viewed as manuals of what to avoid, not mimic.

Piers Morgan asks Belfort 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 notes, as part of an exclusive interview. "In this movie it's pretty clear that I lost everything.”

Belfort continues, 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.”

Tune in to "Piers Morgan Live" tonight at 9 for the full interview.
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soundoff (17 Responses)
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    I'm sure you will do an attack on all gun owners tonight. over the Maryland shopping mall. I want you to think of what has been talked about on the news the last two weeks. was it anything about mental illness? was it how family can help mental ill members in there family? was it anything to do with mental illness? how can this be? Back in the 70's on ever talk show was gays and how they were in the wrong body's how hard life was I mean ever day. And guess what happen they got rights. So may be just maybe you and others should do more shows on mental illness and how family can help them. study's that are being done, the drugs that is being used. child abuse is where it all starts family's that are so out of control due to the movie's the tv show's the lack of morals we seem to okay. the games that kill other human should be band. we seem to let people that make movies and get rich off killing ill morals get away with it and even looked up too. they can come on and after getting rich say now I'm not going to make them any more. I'm going to attack the people that like Guns! so if little tommy hits ever one with a bat all we have to do is take away the bat right? or maybe we need to learn how to stop tommy from wanting to hit any one with any thing right? they are not kids they are sick.

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    We became victim of a fraud and lost everything, it was extreme case.... what's interesting though.. when you suffer such a complete financial disaster what's worse is that you don't get much sympathy from people around, people tend to size you up instead... to reinforce the idea of a "cautionary tale" it would be great to follow up with a movie from a victim's stand point... how helpless it feels and how in reality FBI and other agency are not willing or capable to do anything, financial crime is the easiest to get away, read my story in my blog

    February 5, 2014 at 4:56 pm | Report abuse | Reply
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