Securities which – were worthless from the outset, including counterfeits, – have since become worthless, or – appear worthless under the circumstances. These two last-mentioned types can, if they are in paper form, possibly achieve an even considerable market value again later as collector’s items. – The tendency to collect historical securities is also called scripophily, although this term refers in a broader sense to the collector’s passion for old documents as a whole. – See Absence capitalism, cheap copy, dingo stocks, false advice, financial vultures, over-the-counter trading, frontrunning, secret tip, money laundering, ghetto banking, glamour stocks, hawala, high-risk countries, Internet offerings, price manipulation, offshore financial centers, make-up, papers, toxic, scalping, shadow banking, sham transactions, subprime crisis, underground banking, securitization papers, exchange houses, angle brokers. – Cf. BaFin Annual Report 2011, pp. 178 f. (circuitous, fraudulent sales of nonvaleurs by financial service providers).
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/