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.
Mark Spitznagel Mark Spitznagel ( ; born March 5, 1971) is an American hedge fund manager, stocks and commodities trader, and author. Spitznagel is known for his pioneering “tail-hedging” (or “safe haven investing”), his hugely profitable billion dollar derivatives bet on the stock market crash of 2008, and for having allegedly caused the stock market crash of 2010.