ST Alpha - "well, obviously, I'm not sophisticated enough to pull off such a scam in the first place, so explain to me, in layman's terms, how "real" the numbers" (Reading a Post)

SlickerTalk
Search Archives
The Leaderboard
The FAQ

Login
Create Account

Search Dr. S. Talk
TT/ST Wiki
How Well Do You Know ...

RSS Feed

Hosting by DigitalOcean

Support ST on Ko-Fi

Down to Post

Backboards:

Posts: 155

well, obviously, I'm not sophisticated enough to pull off such a scam in the first place, so explain to me, in layman's terms, how "real" the numbers

Posted by znufrii Mar 1 '10, 11:38

on the account statements are.

Responses:

[deleted] 7
- so, in other words the holding in each account of those securities was fabricated, or "not real" -- nm - znufrii Mar 1, 11:58 1
  - [deleted]
- The statements explicitly make a connection between a person, their "account," and that account's "holdings." The statements are not reflecting - mara Mar 1, 11:57 1
  - [deleted]
- If madoff never traded them, then they never belonged to the investors, right? So why should the numbers be used in repatriation of funds? -- nm - Beryllium Mar 1, 11:55 2
  - [deleted]
  - If a brokerage firm falls in the forest... -- nm - Reagen Mar 1, 11:59

Post a message top

Replies are disabled on threads older than 7 days.