Jordan Belfort, the real-life “Wolf of Wall Street,” blasted Democrats for pushing what he called a “pure stupidity” hoax against President Donald Trump. Appearing on Fox News’ The Ingraham Angle, Belfort dismissed claims that Trump’s recent economic moves amounted to insider trading or market manipulation. He argued the allegations were politically motivated nonsense designed to undermine the president.
Belfort praised Trump’s tough trade policies, including tariffs on foreign goods, calling them necessary to rebuild American manufacturing. “There might be short-term pain, but I’m thinking about the future of my children and grandchildren,” he said. He accused Democrats of rooting against America’s success, claiming they care more about gaining power than protecting the country’s interests.
The former stockbroker, who served prison time for fraud in the 1990s, compared the latest allegations to past Democratic-led controversies like the Russia collusion narrative. He insisted Trump’s public tweets encouraging stock purchases were the “opposite of insider trading” because they were shared openly with everyone. Belfort also mocked Democrats for shifting criticisms, saying they’d attack Trump “no matter what he does.”
Despite recent market volatility, Belfort expressed confidence in Trump’s strategy to reset global trade deals. He highlighted the president’s negotiations with world leaders and efforts to isolate economic rivals like China. “What he’s accomplished in just five weeks is incredible,” Belfort said, referencing new investments in U.S. industries and reduced overseas conflicts.
Democrats, including Congressman Adam Schiff, have raised concerns about Trump’s communication style impacting markets. Belfort dismissed these critiques as hypocritical, pointing to lawmakers’ own stock-trading histories. “Nancy Pelosi could probably tell us about insider trading,” he joked, alluding to longstanding criticism of congressional stock activity.
The Fox News segment underscored conservative frustration with what hosts called “fake news” tactics. Belfort’s remarks echoed Trump’s frequent complaints about media bias, with both men framing Democratic challenges as desperate attacks. The interview concluded with Belfort urging viewers to focus on long-term gains rather than short-term market swings.
