Feature Movie Description... continued.
Boiler Room - 2000
The film takes a look at the world of "boiler room"--seedy, dishonorable--brokerage firms. The film centers around Seth Davis (Ribisi), a budding underground casino owner in Queens whose life turns upside down when offered employment at J.T. Marlin, a less-than-reputable brokerage firm. Davis' opposition to his disapproving federal judge father drives the plot as Davis goes deeper into the operation at J.T. Marlin than he'd like, learning how the firm scams its clients. The company runs a sort of ponzi scheme, similar to "pump and dump". The scheme works by pumping up a new IPO's price by creating artificial demand, cashing in, then reinvesting much of the earnings in yet another IPO.