IOS Investment Program Certificate ( Bernie Cornfeld as Chairman) - 1970

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Beautifully engraved certificate from the IOS Investment Program issued in 1970. This historic document was printed by the American Banknote Company and has an ornate border around it with a vignette of an eagle. This item has the printed signatures of the Company's Chairman of the Board of Directors, Bernie Cornfeld and Treasurer and is over 48 years old.
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Certificate Vignette
Bernie Cornfeld was the Founder of Investors Overseas Services mutual fund. He ran the fund out of Geneva, Switzerland beyond regulators' reach, and raised over $2.5 billion before it imploded in 1970. He spent 11 months in a Swiss jail before fraud charges were dropped. Creditors seized his Beverly Hills, California, estate where he partied with girlfriend Heidi Fleiss, now of "Hollywood Madam" fame. He was plotting a comeback from his Swiss castle before he died in 1995, following a stroke. Friends had to chip in to pay his medical bills. After investors began to sell off during a market downturn, Cornfeld was replaced with financier Robert Vesco, who was accused of looting the company of $224 million and subsequently fled to the Caribbean. Vesco was later sentence to a 13-year prison term in Cuba on unrelated charges stemming from allegations that he tried to produce and market a miracle cancer drug to overseas investors without the communist government's knowledge.