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Well worn Copper's Blog

03 Jun 2020

Scripophily Exonumia - Bernard Madoff

| Well worn Copper

Scripophily is the study and collecting of stock certificates and bonds, and if there's a "exonumia" category to it, I might have a good example: I recently purchased a few duplicate copies of buy and sell orders, as well as a page or two of monthly statements, from the investment firm of none other than the infamous Bernard Madoff. Madoff's New York & London based investment firm swindled investors out of 65 billion dollars over the course of about 20 years, which was also the world's biggest Ponzi Scheme. These documents offer a small look at the amount of money Madoff routinely moved to keep the rouse going and are dated from 1998 and 2003. They are interesting, but sad when you realize this was other people's fortunes, and it was all lost. Madoff used the funds to maintain an extravagant lifestyle and was caught in 2008. He pleaded guilty and was sentenced to 150 years. Thank God this guy didn't sell coins....

Comments

I. R. Bama

Level 5

Learned something new today! Thanks!

I wonder what kind a cell he actually wound up with.... Anyhow, very interesting example from what seems to be a cool collecting field

Longstrider

Level 6

I have seen many stocks and bonds for sale. Usually at online auctions. I can see people collecting them. Thanks. Reminds me of the Pyramid meetings of the 70's or 80's.

Mokie

Level 6

Interesting are of collecting, I think that would be fascinating for a Numismatist that is also a stockbroker or accountant.

1943penny

Level 4

And the guy looks so innocent...Anyways that is a pretty cool way of collecting. Great Blog. Thanks!

Mike

Level 7

I agree its interesting but im not in that part of collecting. There interesting but not for me. I have see stock being sold from the railrodes. And many other corperations. This might have a historic value to it. Thanks for sharing it i didnenjoy it.

Golfer

Level 5

Interesting area of collecting. I do like stock certificates and things related.

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