Professor Erica Ellsworth
August 05, 2011
Bernie Madoff was one of the most prolific Ponzi-scheme artists in history. Madoff schemes netted him millions of dollars. Mr. Madoff used his BMIS Bernard L. Madoff Investment Securities a New York Limited Liability company, to commit fraud, money laundering, and perjury. This is just a few things that Mr. Bernard Madoff has done to many innocent investors, who believed in Mr. Madoff, and everything he stated. Due to Mr. Madoff’s action he has changed so many people’s lives. Some have lost everything, some committed suicide, and others just humiliated by Mr. Madoff. This paper is to tell you about Mr. Madoff plans, intentions, and a few people who got scammed, and hurt along the way. Key points
1. Bernie Madoff was one of the most prolific Ponzi-scheme artist in history 2. Mr. Madoff used his Bernard L. Madoff investment securities company to commit fraud. 3. Bernard Madoff has changed many people’s lives due to his deceitfulness. 4. Mr. Madoff plans and intentions will be told.
Bernard Lawrence “Bernie” Madoff
On April 29, 1938 Bernie Madoff, Former Stock broker, investment advisor, non-executive chairman of the NASDAQ was born. Mr. Bernie Madoff and BMIS engaged in three different operations namely investment advisor services, market making services, and proprietary trading (www.biography.com2010). Mr. Madoff oversees and controls the investment advisor services at BMIS Bernard L. Madoff Investment Securities a New York Limited Liability company that maintains its principal place of business within the district at 885 Third Avenue, New York, New York. There were 1 through 100 consist of individuals, corporations, partnerships and entities to be determined, each of whom is believed to have violated plaintiffs rights, and have aided, abetted and conspired to violate plaintiffs rights; or is the successor...