Steve Madden discusses how the film 'The Wolf of Wall Street' depicted his presentation to brokers at Stratton Oakmont.
0:00 / 0:03exact quote · 3.1s
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“With me talking in front of the, it was very accurate.”
quote is from the automated transcript, cleaned for reading:
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More from Steve Madden
AssertionNot checkable as stated
Madden: Stratton Oakmont ran pump-and-dumps; Steve Madden was only real company
“Well, they were totally manipulated. The stocks, they went up, and it, you know, it was a pump, it was a classic pump and dump. And only Steve Madden was a real company.”
Steve MaddenDec 23, 2019▶ 23:11Steve Madden: Steve Madden (2018)
AssertionSupported
Madden: Steve Madden IPO was manipulated in Stratton Oakmont pump-and-dump
“Well, they were totally manipulated. The stocks, they went up, and it, you know, it was a pump, it was a classic pump and dump. And only Steve Madden was a real company.”
Steve MaddenJul 16, 2018▶ 23:02Steve Madden: Steve Madden
Disclosure
Madden details illegal stock flipping arrangements with Stratton Oakmont
“And I told myself that it was a gray area, you know, the trading in these stocks and the flipping, they would sell me the stocks and I would sell them back to them.”
Steve MaddenJul 16, 2018▶ 24:31Steve Madden: Steve Madden
Disclosure
Madden admits he knew his Stratton Oakmont trades were illegal
“But I knew in my heart that it was illegal and it was wrong.”
Steve MaddenJul 16, 2018▶ 24:52Steve Madden: Steve Madden
Disclosure
Madden admits flipping IPO stocks back to Stratton Oakmont.
“And I told myself that it was a gray area, you know, the trading in these stocks and the flipping, they would sell me the stocks and I would sell them back to them.”
Steve MaddenDec 23, 2019▶ 24:40Steve Madden: Steve Madden (2018)
Opinion
Madden calls his footwear the 'gateway drug' to luxury brands like Louboutin.
“I always say it's a gateway drug of shoes, Steve Madden. They're not buying Louboutins and Manolos without starting with Steve Madden.”
Steve MaddenDec 23, 2019▶ 42:44Steve Madden: Steve Madden (2018)
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