Danny Porush Net Worth
Danny Porush Net Worth
Danny Porush, an American businessman and former stockbroker, has amassed a net worth of $12 million. He earned this fortune from his business ventures and investments.
He has also been involved in a number of controversies. For example, he was involved in Stratton Oakmont, a brokerage firm that was involved in fraudulent practices and stock fraud.
He was involved in Stratton Oakmont
Danny Porush is known for his role in Stratton Oakmont, a firm that was involved in a number of scams. The company specialized in penny stocks and underwriting IPOs for small companies, targeting greedy investors.
He co-founded Stratton Oakmont with Jordan Belfort in the late 1980s. During their time at the company, they were involved in many fraudulent stock deals, including pump-and-dump schemes to artificially inflate the price of penny stocks.
They ended up being caught and sent to jail for their crimes. Stratton Oakmont was closed down after they were charged with securities fraud and money laundering.
Since being released from prison, Danny Porush has run a medical supply business in Florida. He lives with his second wife Lisa in a $4 million mansion.
He has been involved in a number of controversies
Danny Porush is a businessman who has been involved in a number of controversies. One of them is his involvement with a medical supply company in Florida that was accused of fraud.
He was convicted of running a pump and dump stock scheme in the 1990s, which is a type of fraud that involves buying cheap stocks and then re-selling them at a higher price to investors. He was also accused of money laundering.
After serving 39 months in prison, he became involved in a medical supplies company called Med-Care in Boca Raton, Florida. This company distributes medical equipment and supplies for hospitals.
The company was accused of making false Medicare claims in May 2014 and a lawsuit was filed against the company and Porush. The suit was dismissed in 2015, but it was re-filed later that year. In 2016, the FBI was tasked with an investigation.
He has been involved in philanthropic efforts
Daniel Porush is a businessman who has an estimated net worth of $12 million. He has a background in finance and has been involved in a number of controversies.
He was the founder of Stratton Oakmont, a brokerage firm that was involved in securities fraud and money laundering. He pled guilty and served time in prison for his crimes.
Despite his troubled past, Danny Porush has continued to be active in the business world. He has also been involved in a number of philanthropic efforts.
Danny Porush was born on February 1957 in Lawrence, Nassau County, New York. He attended Lawrence Woodmere Academy and Dickinson College. He also attended Boston University, but he dropped out because of his commercial interests.
When he was released from prison, he started a medical supply company called Med-Care. This company was involved in a number of fraud allegations, including price gouging of prescription drugs for Medicare patients. A lawsuit was filed against Porush and five other people in 2014 for fraudulent claims.
He has been married
Danny Porush is married to Lisa Krause and the couple shares one child together. Their marriage took place in 2000 after they divorced their first wife, Nancy.
He grew up in Lawrence, New York’s Nassau County where his parents were Jewish and had strong religious convictions. He went to Lawrence Woodmere Academy and attended Dickinson College but did not complete his studies due to commercial interests.
His business partner Jordan Belfort co-founded Stratton Oakmont in the 1980s, a Long Island, New York “over-the-counter” (OTC) brokerage house that specialized in IPO underwriting and penny stock sales for small companies like Dualstar Technologies, Master Glazier’s Karate International, and Select Media Communications.
He spent 39 months in prison for his involvement in a fraudulent stock scam. He was released in 2004 and began working as a truck driver for his wife’s beauty products company. Later, he was involved in a medical supply company called Med-Care. It is now a subject of federal investigations.
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