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.
Mahmud Karzai Mahmood Karzai, also spelled Mahmud Karzai, or Mahmoud Karzai, is an Afghan businessman, CEO and Chairman of the Board for the Afghan Investment Company who is closely tied to the Kabul Bank scandal and other controversies. He is the brother of Ahmed Wali Karzai a figure who was killed by his bodyguard in Afghanistan following various allegations surrounding narcotics, nepotism, corruption and family infighting. He is also the elder brother of the former president of Afghanistan, Hamid Karzai.