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Bernard Madoff Investment Securities Stock Confirmation Slip- Market Fraudster (118711)

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:50.00 USD Estimated At:100.00 - 150.00 USD
SOLD
50.00USDto d*******f+ buyer's premium (12.50)
This item SOLD at 2020 Dec 17 @ 13:30UTC-8 : PST/AKDT
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Bernie Madoff 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 625 Chrysler shares for $21,278. 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.

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State: New York
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