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Jordan Belfort, the real-life “Wolf of Wall Street,” slammed Democrats for pushing what he called a “pure stupidity” claim that President Trump engaged in insider trading. Appearing on Fox News’ The Ingraham Angle, Belfort dismissed allegations as another political hoax meant to undermine Trump. He argued Trump’s public tweets urging Americans to buy stocks were the exact opposite of illegal activity, calling it “laughable” to suggest otherwise.
Belfort pointed out that Democrats have a history of launching baseless attacks, referencing the Russia collusion “witch hunt” and suppression of the Hunter Biden laptop story. He accused them of inventing scandals to distract from Trump’s America-first agenda. The stockbroker-turned-informant emphasized that public statements aren’t insider trading, especially when shared with millions simultaneously. “This is fake news 101,” he said, praising Trump for transparently advocating economic confidence.
The controversial figure defended Trump’s tough trade policies, including steep tariffs on China and Europe. Belfort claimed these moves are necessary to rebuild U.S. manufacturing and prevent “China from ruling the world.” While acknowledging short-term market swings, he insisted the pain would pay off for future generations. “We can’t be a sugar-high consumer nation forever,” Belfort argued, comparing decades of trade imbalances to “bleeding wealth.”
Belfort revealed he’s been advising the Trump administration on economic strategy, though specifics remain unclear. He praised Trump’s dealmaking skills, calling the president’s approach to global trade negotiations “brilliant.” The former fraudster even shared a 1990s anecdote about flying to Trump’s Atlantic City casino in his helicopter, highlighting their long-standing connection. “He’s always been a disruptor,” Belfort remarked.
Turning to Democratic critics, Belfort accused them of “rooting against America” to regain power. He mocked Congress members who’ve profited from stock trades in industries they regulate, suggesting lawmakers like Nancy Pelosi are the real insiders. “They’re panicking because Trump’s actually fixing things,” he said, predicting voters will reject “the same old lies” in 2024.
The interview took a fiery turn as Belfort linked Trump’s policies to protecting American workers. He praised tariffs for reviving factories and creating jobs, dismissing “elite” concerns about higher consumer costs. “Let them pay $2 more for champagne,” Belfort scoffed, referencing Trump’s proposed 200% tariff on European luxury goods. He claimed working-class families care more about stable jobs than “overpriced French bubbly.”
Belfort also defended Trump’s recent stock market tweets, which sparked the insider trading allegations. He noted the Securities and Exchange Commission explicitly considers public social media posts legal market commentary. “If he hadn’t urged buying, they’d accuse him of tanking the economy,” Belfort said, calling the double standard “ridiculous.” He urged viewers to see through what he described as coordinated media attacks.
Wrapping up, Belfort framed the 2024 election as a choice between “American renewal” and “corrupt stagnation.” He applauded Trump for taking on China and revitalizing industries, despite “leftist tantrums.” The reformed stockbroker concluded, “Democrats want power—Trump wants results. Which side sounds more patriotic to you?”
