Bernard Madoff's 'Stealth Sales Force' Charged with Fraud

A Bernard Madoff feeder fund and three of its employees were charged with securities fraud by the Securities and Exchange Commission on Monday. The SEC alleges they acted as a "stealth sales force" and "knowingly or recklessly" participated in the Ponzi scheme by funneling billions of dollars to Bernard L. Madoff Investment Securities Corporation LLC. Cohmad and three of its employees, Maurice Cohn, Marcia Cohn and Robert Jaffe, were "instrumental to the success of Madoff's scheme" for more...Full Story
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