Danny Porush net worth

Early life

If you’re wondering what Danny Porush’s net worth is, you’re not alone. Danny Porush is an American entrepreneur and businessman. Born in Lawrence, New York, he was raised in Nassau County. He was born on February 1, 1957. He attended Lawrence Woodmere Academy in Nassau County, NY and attended Dickinson College in Pennsylvania. He then dropped out of college and worked for various small businesses in his area. In later years, he began his professional career as a freelance writer and businessman and worked in different sectors including television and film. As of 2022, Danny is 65 years old and weighs 78 kilograms.

Source of income

He is a multi-millionaire who has also kept his web value up. As a biker, Porush earned money from drugs, real estate, and investments, and has a healthy net worth. There is a high chance that he will continue earning a fortune for years to come, but it’s better to be safe than sorry.

Fraud

Danny Porush’s net worth has been largely attributed to his participation in a company that involved fraudulent money laundering and stockbroking. This company, called Med-Care Diabetic and Medical Supplies, operated under the Christian Healthcare Network and Christian Diabetics, and was the subject of a congressional hearing on Medicare fraud in April 2013 and 2014. In 2014, the company was cited as one of the causes of the Stop Scams Act.

Porush was named in the lawsuit along with five other company officials in a whistleblower lawsuit. By 2021, his net worth is predicted to be $12 million. While there’s no hard and fast rule as to how much he is worth, it’s possible to estimate his net worth with the help of this article.

Allegations 

Despite his high net worth, Porush’s past has been somewhat tainted by his criminal past. He served 39 months in prison and later found employment as a truck driver. He later became chairman of Stratton after Jordan was banned from the industry. The allegations against Porush were dropped because of the lack of merit. 

In addition to his many business ventures, Porush also has a background in the field of finance. He was a stockbroker before he was arrested for pump and dump fraud. In May 2014, he was accused of fraud with five other board members. However, the court dismissed the lawsuit, and a refiled one was filed later that year. After the second trial, the Federal Court ordered the FBI to investigate the company, but the case was finally dismissed in January 2016.

Marriage

He also married Nancy Krause, a cousin and they had three children. The two divorced in 2000. As the divorce proceedings wore on, he neglected to pay his ex-wife’s child support. He later claimed that he had no assets and had remarried.

He married Lisa Krause in October 2000 and welcomed their four stepchildren with joy. Unfortunately, in 2006, he failed to pay child support to his wife Nancy, claiming that he had no assets.

Porush’s relationship with Krause ended in divorce. He failed to fulfil the court’s order to pay the victims $200 million. He remarried Krause after his divorce was final. The new couple has one child and four stepchildren. They are currently living in a $7.5 million Miami Beach condo. He was released in 2004 and has been involved in several business ventures. These companies have been the subject of federal investigations.

Fame

The author is not available for interviews, so we can’t find out how he ended up doing what he does. His book, Wolf of Wall Street, was adapted into a film. The movie was directed by Martin Scorsese and he was paid $1 million for selling the rights to his memoir. The film earned $392 million at the box office. While Danny Porush’s bio was controversial, it did become a bestseller.

Conclusion 

Daniel Mark Porush is an American businessman. He was involved in a “pump and dump” stock fraud scheme with Jordan Belfort. Ultimately, he was convicted and sentenced to 39 months in jail for securities fraud and money laundering. He grew up in a rich family in the suburbs of Massachusetts and went on to attend prestigious colleges including Dickinson College and Boston University. After completing his sentence, Danny Porush married Lisa. In 2000, he married Lisa and welcomed four stepchildren.

Read Also: Evan Hafer net worth

Leave a Reply