“We have found no evidence to indicate that securities were purchased for customers’ accounts” for “perhaps as much as 13 years,” said Irving Picard, the trustee liquidating Bernard L. Madoff Investment Securities LLC. It was “cash in and cash out,” he said.
In other news, here’s a song about Bernie Madoff/parody of those annoying FreeCreditReport.com* commercials.
*Free credit reports should be obtained by going to annualcreditreport.com. FreeCreditReport.com is a promotional offer for a pay service.