Bernie Madoff Research Paper
Joe Lorkovic
Bus 100
The Great Ponzi, Bernie Madoff.
Bernie Madoff is known as The Great Ponzi. Bernie Madoff is a former American businessman,
stockbroker, investment advisor, and financier. On December 11, 2008 he was arrested and charged
with securities fraud. One of the reasons why Madoff's scheme did so well is the fact you had to be
invited to invest with him. It gave it that exclusivity that makes people want to get in on it. Basically he
was paying new clients with money from old clients, the key is to always have new clients. Instead of
investing the money he recived from investors, he just deposited the money into his own bank account
and released completely made up investment reports.
Bus 100
The Great Ponzi, Bernie Madoff.
Bernie Madoff is known as The Great Ponzi. Bernie Madoff is a former American businessman,
stockbroker, investment advisor, and financier. On December 11, 2008 he was arrested and charged
with securities fraud. One of the reasons why Madoff's scheme did so well is the fact you had to be
invited to invest with him. It gave it that exclusivity that makes people want to get in on it. Basically he
was paying new clients with money from old clients, the key is to always have new clients. Instead of
investing the money he recived from investors, he just deposited the money into his own bank account
and released completely made up investment reports.