Report: Madoff's fund never made a trade

Carleton Bryant The Washington Times - January 16, 2009, 09:39AM

Trading regulators have found that the fund run by Bernie Madoff did not execute one single trade the entire time it bilked $50 billion from thousands of clients, Reuters is reporting.

Madoff’s fund was like the Roach Motel of financing: Money went in but never got out.

SEE RELATED:

About the Author

Carleton Bryant

Carleton Bryant is a senior editor at The Washington Times, where he oversees the National and Metropolitan desks. He also serves as the newsroom’s internship coordinator. He has served as an assistant managing editor; a National, Metropolitan and Features desk editor; an assistant National desk editor; and a reporter on the National and Metro desks.