Cohmad Securities was co-founded by a fraudster who is the former non-executive chairman of what stock market?
Bernard Madoff Bernard Lawrence "Bernie" Madoff ( ; born April 29, 1938) is an American fraudster and a former stockbroker, investment advisor, and financier. He is the former non-executive chairman of the NASDAQ stock market, and the admitted operator of a Ponzi scheme that is considered the largest financial fraud in U.S. history. Prosecutors estimated the size of the fraud to be $64.8 billion, based on the amounts in the accounts of Madoff's 4,800 clients as of November 30, 2008.
Danny Porush Daniel Mark Porush (born February 1957) is an American entrepreneur and former stock broker who is known for his supervision of a "pump and dump" stock fraud scheme in the 1990s. In 1999, as the president of Stratton Oakmont brokerage house, Porush was convicted of securities fraud and money laundering, for which he served 39 months in prison. The character of Donnie Azoff in the popular 2013 film "The Wolf of Wall Street" was loosely based on Porush.