- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Bernie Madoff or Other Ponzi Scheme Question
Posted on 1/15/24 at 9:53 am to lsu13lsu
Posted on 1/15/24 at 9:53 am to lsu13lsu
quote:
They find a new investor. When the new investors dry up that is when it ends.
What I am asking is, let’s say the investor moves to Raymond James from Bernie Madoff. When the assets (stocks, Mutual Funds, whatever) are transferred to Raymond James, is Raymond James not able to view the assets of when they were purchased and the original price? If they were able to, wouldn’t Raymond James say “these assets are not as shown on paper”.
2
Posted on 1/15/24 at 10:00 am to tigerforever7
They probably only gave them the option to move cash.
Posted on 1/15/24 at 10:11 am to tigerforever7
Madoff assets were specific to Madoff. You couldn't buy them at other investment firms. It wasn't like transferring SPY from etrade to Schwab. They would've had to sell, pay the applicable taxes and then transfer the cash.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News