Madoff Didn't Buy Securities for Years

Discussion in 'Wall St. News' started by ASusilovic, Feb 21, 2009.

  1. The trustee liquidating Bernard Madoff's investment firm said there was no evidence that Mr. Madoff bought any securities for clients in at least 13 years.

    Irving Picard, the trustee, also said Bernard L. Madoff Investment Securities LLC's broker-dealer division and the investment-advisory unit, which was at the center of the alleged multibillion-dollar pyramid scheme, didn't appear to operate distinctly from each other.

    "They were one," he said.

    Now, we know who the mysterious paper trader is on ET:D :D :D