THE WOLF OF WALL STREET
Blue Chip: Stock, usually in a major corporation, known for its quality and
reliable profitability in good and bad times - this is the stock Stratton
Oakmont sells to get its foot in the door with bigger investors
IPO: Initial Public Offering - the first stock issued by a company, usually a
young, hot company ready to expand, and a classic opportunity to mislead the
public about the company's finances and potential
Lemmon: Nickname for the most potent source of methaqualone - aka Quaaludes -
the widely abused 80s narcotic known for its sexy, relaxing, hypnotic effect. In
high doses, it could cause delirium and convulsions. Lemmon Pharmaceuticals
discontinued the drug in the 1980s and eventually the entire supply dried up.
Money Laundering: The process of taking large amounts of money that resulted
from crimes and making it look legitimate
Penny Stocks: Low-priced, high-risk stocks that are very loosely regulated.
They have historically been vulnerable to pump and dump schemes.
Pump and Dump: A common financial scam, in which a company "pumps up" a stock
with false hype and great embellishment until demand goes up, raising the price,
then "dumps" its own shares, and the stock price crashes. This was key to Jordan
Pink Sheets: The literally pink pages published each day listing the prices
of over-the-counter penny stocks. The term also came to refer to a cheap
Rathole: A front man used by shady investors to buy stock in companies they
are barred from buying legally.
Swiss Bank Account: Famed for their security, Swiss bank accounts have
notoriously provided rock-solid refuge for illegal earnings, but some Swiss
banks have recently come under fire for financial scandals
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