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The Real 'Wolf of Wall Street' Speaks Out

Michael Loccisano/Getty Images(LOS ANGELES) -- Leonardo DiCaprio earned an Oscar nomination for his portrayal of real-life stockbroker Jordan Belfort in The Wolf of Wall Street, but Belfort says it's a somewhat bittersweet situation for him.

In an interview with Nancy O'Dell of Entertainment Tonight, Belfort says, "You know it's hard to wrap my head around a little bit. Obviously, I'm proud...I wish he played me [as if] I was [medical researcher] Jonas Salk and had done wonderful things so it's sort of bittersweet."

Belfort says it's bittersweet "because many of the things that the character did, and I always say the character because it wasn't all me, some of it was fictionalized but a lot of the actions that are real, what I did do, I'm not proud of." 

Belfort told ET he is proud that he was able to turn his life around.

The former stockbroker says DiCaprio was constantly texting him from the set and asking him questions in an effort to get a greater understanding of the role.

Belfort contends there are several inaccuracies in the movie, including the depiction of people losing their life savings. "It's just not true. It's a fallacy," says Belfort. "When I was there we were calling very wealthy people and you weren’t losing people’s life savings, that wasn’t the model. If it happened once I would be devastated, but that’s not what was happening. It’s a fallacy."

The Wolf of Wall Street examines Belfort's out-of-control lifestyle as a twenty-something stockbroker making nearly a million dollars a week through illegal money operations in the 1980s. He was convicted of fraud related to stock market manipulation and spent 22 months in prison.

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