Cases / Investment funds & advisory
Bernard L. Madoff Investment Securities LLC
Bernard L. Madoff
This entry summarizes public reporting and government filings. Charges and civil complaints are allegations unless a court has entered a conviction or judgment — check the source for the current status.
- Company / entity
- Bernard L. Madoff Investment Securities LLC
- Industry
- Investment advisory (broker-dealer advisory business)
- How investors were recruited
- Solicited clients directly and caused others to solicit prospective clients to open BLMIS advisory accounts
- Pitch & red flags
- promised some clients annual returns "up to approximately 46 percent per year"; claimed "high rates of return for clients, with limited risk" via a "split strike conversion" strategy in "a basket of approximately 35-50 common stocks within the Standard & Poor's 100 Index"
Pitch phrases from this case
- “high rates of return for clients, with limited risk”
- “split strike conversion”
- “up to approximately 46 percent per year”
Source
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