Bernard Madoff Investment Securities Stock Confirmation
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Bernie Madoff, who recently passed away in April 2021, had been the head of the N.A.S.D. and a respected member of the investment community. And then, he committed the largest fraud in U.S. history. His clients at one point were down nearly $65 Billion before some of it was ultimately recovered years later. It was basically a ponzi scheme. Get new money in and spend it on yourself. When too many ask for their money back at the same time, there is no money. This is a trade confirmation for the purchase of 900 Bristol Myers Squibb shares for $78,300. It turns out that nearly every trade that Madoff Securities did never occurred. As a market maker, they could print the trade on the tape, even if it was a fake trade. The name and the address of the investor is blacked out to protect their identity. Madoff was arrested in December, 2008, eleven years after this trade confirmation.Date: Country (if not USA): State: New YorkCity: Provenance:
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Bernard Madoff Investment Securities Stock Confirmation
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