Madoff Bid Compute. Sort Of

Jaworski, Alexa
August 2009
Securities Industry News;8/17/2009, Vol. 21 Issue 18, p4
Trade Publication
The article reports on the complaint of the U.S. Securities and Exchange Commission that the programmers at Bernard L. Madoff Investments Securities have generate fictitious transaction and account histories under the direction of finance chief Frank DiPascali Jr. using a single IBM AS/400 computer. The accounts were organized by the programmers on the computer by setting them up so that one set of trades could be entered on an aggregate basis for all accounts.


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