Bernard Madoff is a modern day Visigoth for several reasons. He is one of the largest white collar criminals of all time. In fact‚ he has committed one of the most elaborate Ponzi schemes‚ which is considered to be the largest financial fraud in history. For those who do not know what a Ponzi scheme is – it is a fraudulent investment that pays returns to its investors from their own money‚ or the money of other investors‚ rather than through profits of the organization. The scheme entices investors
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Robin Wake 10/24/12 Choice Theories Madoff was a master thief and financier. In 2008‚ he revealed that the asset management arm of his firm‚ Bernard L. Madoff Investment Securities‚ was "just one big lie". In what he described as a Ponzi scheme‚ he took his investors for $65 billion over the course of two decades. The scheme wasn’t revealed until Madoff himself confessed his crimes (How Ponzi Schemes Work). I believe this is based on the rational choice theory. For example‚ a drug addict may
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References: Altman‚ A. (2009). A Brief History Of: Ponzi Schemes. Time‚ 173(2)‚ 18-18. Retrieved July 23‚ 2009‚ from Academic Search Daily News. (2008). Leon Bernard Madoff biography – fraud reach 50‚000 billion dollars. Retrieved July 31‚ 2009‚ from http://www.dailynews.rs/2008/12/leon-bernard-madoff-biography-fraud-reach-50000-billion-dollars/ McDermid‚ B. (2009). Bernie Madoff. New Internationalist‚ 32. Retrieved August 1‚ 2009‚ from http://www.newint.org/columns/worldbeaters/2009/07/01/bernie-madoff/
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Haiti devastated by massive earthquake "All of a sudden everything was falling apart... there was no place to hide" A massive 7.0-magnitude earthquake has struck the Caribbean nation of Haiti. The extent of the devastation is still unclear but there are fears thousands of people may have died. Haiti’s worst quake in two centuries hit south of the capital Port-au-Prince on Tuesday‚ wrecking the presidential palace‚ UN HQ and other buildings. A "large number" of UN personnel were reported missing
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Madoff [pic] [pic] Anneke Myers April 9‚ 2013 Professor Kevin Voce Morrisville State College One of the most well known schemer and criminal of the white collar field was Bernie Madoff. The chameleon created an impression of being a nice and caring person at work‚ but ironically‚ deep down inside he was a deranged money hungry criminal. Many people could not believe the news they were hearing after
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had informed his sons that his investment business was a fraud. Madoff was quoted saying that he was "finished‚" that he had "absolutely nothing‚" that "it’s all just one big lie‚" and that it was "basically‚ a giant Ponzi scheme.” United States v. Bernard L. Madoff‚ 09 Cr. 213 (DC) Madoff was providing his clients with monthly investment statements and trade transactions that never occurred. He used new client’s funds to pay profits to existing clients. Which is typical in Ponzi schemes. Madoff admitted
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WHY IS RICHARD BRANSOM THE MAN BEHIND THE VIRGIN BRAND WHILE BERNARD ARNAUT (lvmh) IS NOT BEHIND HIS BRAND. LMVH PRESENTATION DU GROUPE Leader mondial des produits de haute qualité‚ LVMH Moët Hennessy - Louis Vuitton dispose d’un portefeuille unique de plus de 60 marques prestigieuses. Le Groupe est présent dans cinq secteurs d’activités : ►Vins & Spiritueux ►Mode & Maroquinerie ►Parfums & Cosmétiques ►Montres & Joaillerie ►Distribution sélective Grâce à sa politique de développement des
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Environmental Studies and Management. 5(3). pp.225-231. MURPHY‚ F. & BYRNE‚ G. (2007). Ethical issues regarding live kidney transplantation. Journal of Nursing. 16(19). pp.1224-1229. NGUYEN‚ T. (2012). Bernard Madoff Case Analysis. [Online] Available at: http://myphilosophy481.blogspot.com/2012/10/bernard-madoff-case-analysis.html [Accessed 7 December 2013]. OHREEN‚ D.E. & PETRY‚ R.A. (2012). Imperfect Duties and Corporate Philanthropy: A Kantian Approach. Journal of Business Ethics. 106(3). pp.367-381
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the Crippen case because it’s a rare case where the victim was poisoned‚ and then dismembered. 4. Why was forensic science important in Crippen’s trial? How was it used in the trial? • Forensic science was important in the Crippen’s trial because Bernard Spilsbury used forensics with the incriminating evidence. It was used in the trial because he noticed that the scar was found on the flesh they found and was Cora because she had a scar as well. Some cloth fragments from the remains that matched Cora’s
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Module Two: Ponzi Scheme Case Study Module two focuses on some of the theoretical approaches that criminologists use to help explain financial crimes occur (as well as crime in general). The module also focuses on Ponzi schemes. Your Task: Hypothetically‚ the bank of Canada has approached you to write a case study focusing on the crimes of Earl Jones that they can distribute to their financial advisors in order to inform them about Ponzi schemes. Your case study should address the following
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