Case Study the Fraud of the Century: the Case of Bernard Madoff

1.What are the ethical issues involved in the Mad dogged case? Bernard Madoff started off in the 1960s with a jural business interchange over the counter stocks that werent listed on the NYSE. He essenti alto she-bophery acted as a wholesaler in the midst of institutional investors. In the 1990s, Madoff started doing his illegal activeness causing several(prenominal)(prenominal)(prenominal) investors millions of dollars. Madoff began hiring several family members to champion his business grow. He also became involved in lobbying for regulatory changes that would make it easier to trade electronically which then in malefactor help profits in his illegal business. gibe to the book, he also held a seat on the regimen advisory board on stock market regulation, served on humane boards and started his own foundation. Madoff became very trustworthy in his community and with all his involvement in the community it added to his credibility. He set both client as if he or she w as his but client. This do his decisions even more unethical because so umpteen passel depended and had trust in his decisions. According to the study, Madoff finally confessed that he never invested any of his clients money but instead deposited in banks. He then simply moved the money between spare-time activity Bank and a U.K. corporation called Madoff Securities International Ltd.

, (both claim to boot known zero knowledge to any wrongdoings of Bernard). Closer to his arrest, he got desperate and started to solicit and sometimes threaten clients for more deposits. non only were several investors out million s of dollars after the arrest, but several o! rganizations lost their donation money due to Madoff unethical decisions. many a(prenominal) a(prenominal) people lost their life savings due to the fall-out. some(prenominal) family members became under attack and tragically Madoffs son move suicide. In the end, Madoff admitted that he knew the day would come when he would bring or so in trouble. So all along he knew what he was doing was unethical. 2.Do you believe that Bernard Madoff worked alone, or do you...If you want to get a full essay, order it on our website: BestEssayCheap.com

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