Cohmad Securities was co-founded by a fraudster who is the former non-executive chairman of what stock market?
Cohmad Securities Cohmad Securities was a US company whose main business was to introduce investors to the Bernard Madoff investment company for which it received commission based on the amount invested. The company, whose name combines “Cohn” and “Madoff,” was founded in 1985 by Bernard Madoff and Maurice Cohn, Madoff’s friend and former neighbor. Its office was located at the same address as Madoff's firm, and it employed between 10 and 20 employees with annual sales between $1M and $5M.
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.