Danny Porush Net Worth | Biography

Danny Porush Net Worth, Biography, Wife, and Age

Danny Porush who is 64 years old in 2021 has an estimated net worth of $10 million is an American entrepreneur who took a variety of jobs to establish small businesses. He became the chairman and CEO of Stratton after Jordan was barred from the industry.

Quick Profile of Danny Porush

  • Full Names: Daniel Mark Porush
  • Popularly Known: Danny Porush
  • Date of Birth: February 1957
  • Place of Birth: Lawrence, Nassau County, New York
  • Age: 64 years old
  • Zodiac Sign: Aquarius
  • Gender: Male
  • Father: A Doctor
  • Mother: Unknown
  • Siblings: Unknown
  • Nationality: American
  • Height: 77 m
  • Weight: 78 kg
  • Sexual Orientation: Straight
  • Marital Status: Married
  • Spouse(s)/ Ex: Lisa Porush (m.2000), Nancy Porush (m. 1986-2000)
  • Children:
  • Profession: Businessman, Stockbroker
  • Danny Porush Net Worth: $10 million

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Danny Porush Net Worth and Biography 

Early Life and Education

Danny Porush was born in February 1957 in Lawrence, Nassau County New York into a Jewish family.  His father was a doctor. There is not much information about his early years and family.

Talking about his education, he attended and graduated from Lawrence Woodmere Academy.  Later, he was enrolled in Dickinson College, Pennsylvania. Thereafter,  he attended Boston University. However, he dropped out of the two without graduating.

Career

Danny Porush started his career as a Stockbroker when he first met his boss Jordan Belfort through Nancy, his first wife.

Jordan was already a successful broker who used to stay in the same building with them at that time and gave the impression of a successful and kind person in New York City.

So, Nancy asked her husband to acquaint with him and they did talk, and Jordan was able to convince him to become a stockbroker.

Danny had to later take the Series 7 examination to obtain his stockbroker’s license and then became a member of the company where Jordan was working too.

Thereafter, in the late 1980s, Danny assisted Jordan Belfort to establish Stratton Oakmont. Stratton Oakmont is a Long Island, New York “over-the-counter” (OTC) brokerage house.  They are dealers of “penny stocks” and underwriting initial public offerings for small companies. Companies such as Steve Madden,  Master Glazier’s Karate International Inc., Dualstar Technologies, Select Media Communications, United Leisure Corporation, and Questron Technology.

In December 1996, the NASD permanently ejected Stratton Oakmont and barred Danny. He was fined $250,000 which was followed by a federal indictment in 1999 in which both Jordan and Danny pleaded guilty.

Danny who was convicted of insider trading, perjury, conspiracy, and money laundering was ordered to pay $200 million in restitution as well as sentencing him to four years in prison and Jordan, sentenced to two years. Danny was denied bail but was released on probation in 2004 after serving 39 months behind bars.

He is currently involved in  Boca Raton, Florida medical supply and medical equipment company, operating under Med-Care Diabetic & Medical Supplies, Christian Diabetics, and the Christian Healthcare Network.

In May 2014, this medical company was accused of being fraudulent due to Danny’s involvement.

In July 2014, a lawsuit was filed against Danny and five other personnel from the Board of Directors of the company as they were allegedly accused of fraud in Medical Claims.

The case was initially dismissed by the court but refiled later. On January 14, 2015, the Federal Bureau of Investigation (FBI) FBI was instructed by the Federal Court for investigation. Then in January 2016, the case was disqualified.

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Danny Porush net worth

Danny Porush’s net worth is estimated to be about $10 million.

Danny Porush  Wife | Marriage Life

Danny got married twice. He was first married to his cousin Nancy. They got married in January 1986 having met in 1984 when Danny was running a bike messenger business in New York City. Unfortunately, they divorced in 2000 but had 3 children together.

He later married his then mistress Lisa Krause, who was already carrying his baby in 2000. They both have a child together and four step-children.

 

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Biography of Danny Porush, American Businessman and Former Stockbroker.

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