Bond Daddy

$100,000,000 international bond swindle uncovered in Pensacola It was a time when there were no rules governing the sale of tax free bonds. From 1971 until 1973 I was part of group known as the "Memphis Bond Daddies". We sold tax free, bearer bonds over the phone. Our home base was Pensacola, Florida. The deregulation of the stock brokerage business in the 1970's and the huge bear market made it so that brokers could not sit behind their desks waiting for the phone to ring. They had to ada...