Bernie Madoff Hadn’t Bought Securities for Clients in Years

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New York, meet your new archbishop. Photo: ebay.com

In today's inaugural meeting of Madoff investors (Woot woot!) at the bankruptcy court in lower Manhattan, Irving Picard, the trustee liquidating Bernard Madoff's investment firm, confirmed that there was "no evidence" Madoff purchased securities for customer accounts in at least thirteen years. [DealBook/NYT]