Due at the Beginning of Your Regular Week 6 Lecture on September 24 or 26 (200 points)
For the Bernie Madoff DETAILED Outline, you will need to identify the five tragic truisms that best explain how or why the Bernie Madoff scandal and fraud occurred.
In particular, your goals are (a) to use five (5) tragic truisms to explain how or why the scandal occurred and (b) to provide the best-available evidence to prove the five (5) tragic truisms specifically apply to and explain this case. You must use at least one tragic truism about people, one about managers and managing, one about organizations, and one about oversight and accountability. The fifth truism may be from any category of your choice.
Not all of the tragic truisms apply to …show more content…
The securities exchange commission walked away from their obligations to regulate and fell victim to Bernie Madoff.
Student must effectively connect the dots between the article’s information and the tragic truism.
/ 5 points
Enter and cite direct quote 2 from an article as evidence to support your analysis.
Ronnie Ambrosino speaks to the performance of the SEC, “I believe that the SEC is totally at Fault. It was as if [Madoff] was given the red carpet to rob you and the government gave [Madoff] the gun. If I did my job the way the SEC did theirs, I would not have a job.” (Dodge 20).
Selected quote must directly relate to and effectively support the selected truism.
/ 3 points
Paraphrase or summarize the most important information from the above quote in your own words; insert correct citation.
After the Madoff scandal people had lost confidence in the SEC and this has had major reprecussions (Dodge 20).
Wording must accurately reflect the the most important information from the above direct quote and be the student’s own words; correct citation inserted.
/ 5