1149

Investors Overseas Services Issued Stock.

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:40.00 USD Estimated At:80.00 - 120.00 USD
Investors Overseas Services Issued Stock.
SOLD
40.00USDto floor+ buyer's premium + applicable fees & taxes.
This item SOLD at 2012 Oct 21 @ 11:27UTC-4 : AST/EDT
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Canada, 1969, 1 Share, Issued Stock, Black on purple border and underprint, VF condition, Canadian BNC. I.O.S was a Canadian incorporated Mutual Fund company with its headquarters in Geneva tha sold mutual funds to US expats and servicemen in Europe. With guaranteed dividends it starting having to give away capital in order to meet the payments, essentially a pyramid scheme. To meet costs I.O.S had to have an IPO to get additional sources of funding. Robert Vesco a friend of Cornfeld, IOS founder, used $500 million of IOS cash when he was in financial trouble leading to the collapse of IOS in the ealry 1970's.