"Bernard Madoff" Essays and Research Papers

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Bernard Madoff

Bernard Madoff was born in Queens, New York on April 29th, 1938. Madoff graduated in 1960 with a Bachelor of Arts in Political Science from Hofstra University. He then went on to attend Brooklyn Law School, but quickly dropped out after he founded his firm, Bernard L. Madoff Investment Securities (BLMIS). Madoff started his firm with about $5,000 he earned from working. He went on to seek investment and received it from his father-in-law, Saul Alpern. He used this investment received from Alpern...

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Bernard Madoff

Bernard Madoff Ethics Case Bernard Madoff is a former stock broker, investment advisor, etc. He pleaded guilty in March 2009 to 11 felonies and admits that he turned his wealthy management business into a massive ponzi scheme that defrauded thousand of wealthy investors out of billions of dollars. He began this scheme in the early 1990’s. The funds missing from the investors accounts include gains totaling almost $65 billion that was fabricated by Madoff. Madoff reached an agreement on February...

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Bernard Madoff the Fraud of the Century

The Fraud of the Century The Case of Bernard Madoff Summary of the case In December 2008, the highly respected American businessman Bernard Madoff made the headlines when the US authorities accused him of orchestrating a $65 billions Ponzi scheme which is the biggest financial frauds of all time and made of him “ The Conman of the Century”. Bernard Madoff also called  "Bernie" is a former American businessman, stockbroker, investment advisor, financier and the former non-executive...

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Bernard Bernie Madoff

Bernard “Bernie” Madoff (NASDAQ) Angela Collier LEG 100 George Asinc June 7, 2012 Introduction Bernard Lawrence Madoff was born April 29, 1938 in New York City to the parents of Ralph and Sylvia Madoff. His father was a child of a Polish immigrant, and worked as a plumber for years. Madoff mother was a daughter of a Romanian and Austrian immigrant, she was a housewife. Madoff parents married in 1932 when the great depression was at its height. After struggling financially for years...

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The Fraud of the Century: the Case of Bernard Madoff

Fraud of the Century: The Case of Bernard Madoff December 2008 Case Study 11 Maria E. Delgado Madoff Ponzi Scheme Bernard Madoff took his investors for $65 billion over the course of nearly two decades. His list of victims includes billionaires, celebrities, individual investors, banks, and charities. His scheme was revealed when he confessed in March 2009, when he pleading guilty to the charges against him, and was then sentenced to 150 years in prison. Madoff was successful for so long because...

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The Case of the Century: Bernard Madoff

1. What are the ethical issues involved in the Madoff case? Bernie Madoff was a thief, plain and simple. He was a greedy, selfish, self-indulgent con artist, no different from any other grifter that you meet, except because of who he was, he was able to pull the con off on a grander scale. Madoff used his name and position and the legitimacy of his first business to draw people into his Ponzi scheme (like a pyramid scheme where one takes money from newer clients to pay older clients). He misrepresented...

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The Illegal and Unethical Activities of Bernard Lawrence "Bernie" Madoff

Bernard Lawrence Madoff, a former chairman of the NASDAQ Stock Market and founder of Bernard L. Madoff Investment Securities, was one of the few NASDAQ market-makers who competed with the New York Stock Exchange, by trading stocks listed on the Big Board. Through the Cincinnati exchange, the Madoff was a pioneer in electronic trading and publicly spoke of the need to use technology to transform the inefficient and sometimes shady over-the-counter stock market (Monica Gagnier, 2008). But Madoff became...

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Bernie Madoff Case Summary

Bernard L. Madoff Investment Securities LLC operates as a securities broker/dealer in the United States and internationally. It provides executions for broker-dealers, banks, and financial institutions. The company was founded in 1960 and is headquartered in New York, New York. As of December 15, 2008, Bernard L. Madoff Investment Securities LLC is in liquidation. Madoff founded the Wall Street firm Bernard L. Madoff Investment Securities LLC in 1960 Bernard Madoff was born on April 29, 1938...

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Madoff Case

There are many ethical issues and failings in this case. For the love of profit, Bernie Madoff and his accomplices created and participated in what can be considered the greatest ponzi scheme in history. After several years in the securities and exchange industry, Bernie Madoff broke the law and deceived clients and investors in order to amass millions of dollars. It was unethical for him and others to prey on and betray the trust of investors. When he was repeatedly questioned by investigators,...

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Bernie Madoff

2008 Bernie Madoff was arrested under the suspicion of fraud. His Wall Street firm, Bernard L. Madoff Investment Securities LLC, was founded in 1960. Madoff was the chairman of this company through its entire existence until his arrest. Ponzi Schemes such as the one Bernie Madoff started at his company have been around for years; the first being Charles Ponzi’s scheme in the 1900’s. Madoff made history through his scheme as it is considered one of the largest financial frauds ever. Madoff pulled the...

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