Bernard L Madoff
HOW THE FRAUD WAS PERPETRATED AND CONCEALED?
Bernard Madoff who is refers to Bernie Madoff. For the early years, he is working as lifeguard. On December 11, 2013, he was arrested for done and involved in the biggest Ponzi scheme. This Ponzi scheme is a fraudulent of investment in operation paid by investors. This scheme was running for 20years without anyone noticed that. Moreover, Bernard Madoff can make an accounting scandal which is Ponzi scheme without people noticed that by getting a help from his brother. On December 20, Peter Madoff who was sentence because he helps his brother, Bernard Madoff in makes Ponzi scheme. His brother was worked as a senior lawyer and also chief compliance officer. Peter Madoff, his brother never admitted to his fraud but there was evidence that he play a role in commit crime. Peter Madoff, who was play a role in fraud accounting scandal such as falsifying the document, lying to securities regulators, filing false tax return and others. Other than that, Frank Dipascali who was a Madoff Chief Deputy also together help Bernard Madoff in carry out this fraud for many years. Then, David G.Friehling working as an independent auditor at an audit firm say he never audit the company completely. But, after that this fraud was revealed by a whistle blower.
WHO IS THE WISTLE BLOWER?
Harry Markopolos who was an employee of the company revealed the fraud made by Bernard Madoff. Then, Bernard was arrested for his accounting scandal of Ponzi scheme. Harry Markopolos look at the Madoff’s investment return a previous year and he figured out they did not add up. It just took only five minutes to figure out that Madoff was involve in Ponzi scheme for a many years. Harry Markopolos and his staff start to dig some more and lastly came to the conclusion that Bernard Madoff cheated his investors. During the investigation, Harry Markopolos feel really scared of his safety as well as his family. Then, he makes a decision to give the
Bernard Madoff who is refers to Bernie Madoff. For the early years, he is working as lifeguard. On December 11, 2013, he was arrested for done and involved in the biggest Ponzi scheme. This Ponzi scheme is a fraudulent of investment in operation paid by investors. This scheme was running for 20years without anyone noticed that. Moreover, Bernard Madoff can make an accounting scandal which is Ponzi scheme without people noticed that by getting a help from his brother. On December 20, Peter Madoff who was sentence because he helps his brother, Bernard Madoff in makes Ponzi scheme. His brother was worked as a senior lawyer and also chief compliance officer. Peter Madoff, his brother never admitted to his fraud but there was evidence that he play a role in commit crime. Peter Madoff, who was play a role in fraud accounting scandal such as falsifying the document, lying to securities regulators, filing false tax return and others. Other than that, Frank Dipascali who was a Madoff Chief Deputy also together help Bernard Madoff in carry out this fraud for many years. Then, David G.Friehling working as an independent auditor at an audit firm say he never audit the company completely. But, after that this fraud was revealed by a whistle blower.
WHO IS THE WISTLE BLOWER?
Harry Markopolos who was an employee of the company revealed the fraud made by Bernard Madoff. Then, Bernard was arrested for his accounting scandal of Ponzi scheme. Harry Markopolos look at the Madoff’s investment return a previous year and he figured out they did not add up. It just took only five minutes to figure out that Madoff was involve in Ponzi scheme for a many years. Harry Markopolos and his staff start to dig some more and lastly came to the conclusion that Bernard Madoff cheated his investors. During the investigation, Harry Markopolos feel really scared of his safety as well as his family. Then, he makes a decision to give the