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Danny Porush Daniel Porush is an American businessman who
has worked in investment banking and mail order. In 1999, he was convicted of securities
fraud and money laundering, for which he served 39 months in prison.
Stratton Oakmont Stratton Oakmont was a Long Island, New York,
"over-the-counter" brokerage house founded by Jordan Belfort and Danny Porush. Stratton
Oakmont was the largest (OTC) firm in the country during the late 1980s and 1990s. The
firm was responsible for the initial public offering of 35 companies, including Steve
Madden Ltd., Hemesphere Biopharma, Dualstar Technologies, D.V.I. Financial, Paramount
Financial, M. H Meyerson & Co., Czech Industries, M.V.S.I. Technology, Questron Technologies,
and Etel Communications. Alabama Securities Commissioner Joseph Borg
pushed the formation of a multi-state task force which eventually led to the prosecution
of Stratton Oakmont after his office was inundated with complaints regarding the brokerage.
In September 1999, Porush and Belfort pleaded guilty to 10 counts of securities fraud and
money laundering. Porush was sentenced to 39 months in prison, and was released in 2004.
In 2013, the story of Stratton Oakmont was made into Martin Scorsese's black comedy The
Wolf of Wall Street based upon Jordan Belfort's 2007 memoir of the same title. In the film
Jonah Hill portrays a character named Donnie Azoff, loosely based on Porush as described
in Belfort's book. The character's name was changed during development after Porush threatened
to sue Paramount Studios if he was depicted. Medical supplies
As of 2014, Porush worked with a Boca Raton, Florida-based medical supply company which,
according to Forbes magazine, has operated under the names Med-care Diabetic & Medical
Supplies, Christian Diabetics and the Christian Healthcare Network.