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Madoff's Fake Trading Tickets

First Posted: 04/09/09 06:12 AM ET Updated: 05/25/11 02:05 PM ET

Madoff

thestreet.com:

A longtime aide to disgraced financier Bernard Madoff instructed two assistants to generate trading tickets, now believed to be bogus, for Madoff's investing clients, the Wall Street Journal reports, citing to information the assistants gave the government in the investigation.

The assistants told prosecutors their supervisor, Annette Bongiorno, a four-decade veteran of the Madoff firm, would ask them to research daily share prices for blue-chip stocks from the previous month or several months, according to a person familiar with their statements, the Journal reports.

Read the whole story: thestreet.com

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Filed by Julie Satow  |