Friday, January 16, 2009

 

Madoff's fund may not have made a single trade

Bernie Madoff's investment fund may never have executed a single trade, industry officials say, suggesting detailed statements mailed to investors each month may have been an elaborate mirage in a $50 billion fraud.

An industry-run regulator for brokerage firms said on Thursday there was no record of Madoff's investment fund placing trades through his brokerage operation...

Reuters: Madoff's fund may not have made a single trade

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