Jordan 5 grape movie#
Jordan 5 grape professional#

Jordan 5 grape professional#

On January 16, 2015, the attorneys for Med-Care filed a motion in court to disqualify the whilstleblowers' attorneys for professional conflict of interest. On January 14, 2015, Federal Bureau of Investigation (FBI) agents, Florida fraud department, and local police raided the offices of Med-Care Diabetic & Medical Supplies in Boca Raton and removed boxes of files. The lawsuit alleged that telemarketers, under the guidance of Porush, made unsolicited calls to citizens and used high-pressure sales tactics to push them to accept medical supplies they may not want nor need. However, the lawsuit was refiled and was accepted for federal court when the initial whistleblower was joined by two more former Med-Care employees alleging the company of defrauding the federal government. The case was initially dismissed in federal court for lack of specific proof. In 2014, Porush and five other personnel of the Med-Care company were named in a whistleblower lawsuit alleging fraudulent Medicare claims. According to Med-Care's attorney, the Centers for Medicare & Medicaid Services had been informed and had previously reviewed, and approved, Porush's role with the company. In May 2014, Porush's involvement with Med-Care was cited as reason for a portion of the federal 'Stop Scams Act of 2014' which would require Medicare providers to disclose their ownership interests. The Med-Care company was the subject of a congressional hearing on Medicare fraud in April 2013. Medical supplies įollowing his release from prison in 2004, Porush became involved with a Boca Raton, Florida-based medical supply and medical equipment company which, according to Forbes magazine, has operated under the names Med-Care Diabetic & Medical Supplies, Christian Diabetics and the Christian Healthcare Network.

Jordan 5 grape movie#

The character's name was changed during movie development after Porush threatened to sue Paramount Pictures if he was depicted. Porush has stated that many of the movie's incidents are fictional.

In the film, Jonah Hill portrays a character named Donnie Azoff, loosely based on Porush.

In 2013, the story of Stratton Oakmont as told by Jordan Belfort in his 2007 memoir was made into Martin Scorsese's The Wolf of Wall Street. Porush was released on probation in 2004 after serving 39 months. Porush was 'convicted of insider trading, perjury, conspiracy and money laundering and ordered to pay $200 million in restitution.' He was sentenced to four years in prison and Belfort was sentenced to two years. In an exchange for reduced sentences, Porush and Belfort cooperated with the federal investigations of their colleagues. Sanders, the NASD wrote that ' continue to deny responsibility and exhibit no remorse for misconduct, and, but for the bar, would continue to pose an on-going risk to the investing public.' įollowing a federal indictment, Porush and Belfort pleaded guilty to 10 counts of securities fraud and money laundering in 1999. In their decision to bar Porush and his head trader, Steven P. The NASD rejected Porush's claim that he was only 'a figurehead,' citing him as the salesperson with the largest individual allocation. In December 1996, the NASD permanently expelled Stratton Oakmont and barred Porush as well as fined him $250,000. Once the operators of the scheme 'dumped' their overvalued shares, the price fell and investors lost their money. It was determined that Stratton Oakmont was involved in pump and dump stock fraud that involved artificially inflating the price of stocks through false and misleading positive statements, in order to sell cheaply purchased stock at a higher price. īeginning in 1989, Stratton Oakmont became the subject of numerous disciplinary actions by the National Association of Securities Dealers (NASD) and Securities and Exchange Commission (SEC). In 1994, Porush took over as chairman and CEO of Stratton after Belfort was barred from the industry. Stratton Oakmont specialized in selling ' penny stocks' and underwriting initial public offerings for small companies, including for Steve Madden (a childhood friend of Porush), Master Glazier's Karate International Inc., Dualstar Technologies, Select Media Communications, United Leisure Corporation and Questron Technology. In the late 1980s, Porush helped Jordan Belfort found Stratton Oakmont, a Long Island, New York ' over-the-counter' (OTC) brokerage house in which Belfort was chairman and Porush was president.

According to New York magazine, Porush then 'bounced from job to job, working for, and starting up, a variety of small businesses.' Career Stratton Oakmont He attended Dickinson College and Boston University but did not graduate. Porush graduated from Lawrence Woodmere Academy.

Danny Porush, the son of a doctor, was raised in a Jewish family in Lawrence, Nassau County, New York.