Officials: Madoff's company may never have executed single trade - Fox29 WFLX TV, West Palm Beach, FL-news & weather

Officials: Madoff's company may never have executed single trade

(WFLX) - New information in the Bernard Madoff investigation. Officials say Madoff's investment company may never have executed a single trade.

An industry run regulator reports no record of Madoff's company ever placing trades through his brokerage operation.

But, each month, Madoff sent out elaborate statements of supposed trades. Last November, he issued a statement to one investor showing he bought shares of companies like Microsoft.

Madoff still owns property on Palm Beach. He is currently under house arrest at his New York City apartment.

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