This week’s discussion will focus on financial fraud and the implications on consumers and the financial markets. 1) Research and discuss the Bernie Madoff ponzi scheme.
This week’s discussion will focus on financial fraud and the implications on consumers and the financial markets.
1) Research and discuss the Bernie Madoff ponzi scheme. What does this story tell you about human nature? Discuss the role of the regulatory agencies and the reasons for not detecting the fraud? Analyze the impact of this type of fraud on the U.S. economy.
Use this source:
https://www.businessinsider.com/how-bernie-madoffs-ponzi-scheme-worked-2014-7
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