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Bernard Madoff Investment Securities Stock Confirmation Slip- Market Fraudster [141426]

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:50.00 USD Estimated At:100.00 - 200.00 USD
Bernard Madoff Investment Securities Stock Confirmation Slip- Market Fraudster [141426]
SHIPPING & HANDLING: Shipping is subject to a minimum charge of $19.00. Shipping and handling cannot be estimated prior to invoicing as it is based on the size and weight of your purchase. Additional shipping and handling costs, if required, will be re-invoiced for the balance due. Items are not shipped until the invoice is completely paid. Many buyers purchase a number of lots. Every effort will be made to include all lots in a single shipping charge calculated to cover the weight and size.SHIPPING & HANDLING: Shipping and Handling cannot be estimated prior to invoicing, based on the size a...
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 shares of Chrysler Corporation for $23,750. 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. In 2021, Madoff died at age 82, while serving a 150 year prison term.

Date: 1997
Country (if not USA):
State: New York
City: New York
Provenance: