In , he pleaded guilty to fraud and related crimes in connection with stock-market manipulation and running a boiler room as part of a penny-stock scam. Belfort spent 22 months in prison as part of an agreement under which he gave testimony against numerous partners and subordinates in his fraud scheme. He left after the dean of the school said to him on his first day: "The golden age of dentistry is over. If you're here simply because you're looking to make a lot of money, you're in the wrong place. Belfort became a door-to-door meat and seafood salesman on Long Island , New York. Belfort founded Stratton Oakmont as a franchise of Stratton Securities, then later bought out the original founder.