Former Broker, Jordan Belfort, who became the prototype of the prototype of the prototype of the film “Wolf with Wall Street”, criticized the membranes cryptocurrency and called them useless. In an interview with The Sun, he said that now there are more digital assets on the market, the main goal of which is to solve investors with their money.
Ex-broker called the membrane cryptocurrency “shit coins”. Belfort is confident that such coins were created for the sake of jokes, and some assets that appeared on the market recently, and are completely frank fraud, and their creators need to be imprisoned. “I am a fan of the blockchain, but there are many nonsense, a lot of shit coins that do not serve no goal and serve only for people to stay without money,” he pointed out. “You hear crazy stories about people earning millions and billions, but for each such person there are 10 or 100 thousand people who have received a serious loss,” Belforte added.
In 2017, he stated that attracting funds using ICO (an analog IPO for cryptocurrency) is fraud. The majority of ICO adherents do not have bad intentions, noted Belfort, but the problem is that the activities of five to ten percent of fraudsters can lead to a catastrophe of the entire sphere, the financier spoke.
In 1998, Jordan Belfort was found guilty of money laundering and fraud and served for this two years in prison. After the liberation released memoirs under the names “Wolf with Wall Street” and “Wolf Catching with Wall Street”.