Bernie Madoff Research Paper

To this day, one of the most well known American swindlers and criminals of the administrative field is Bernard Madoff. The opportunist made it seem as though he was a caring nice individual that could be trusted, but the real truth was that he was a crazed and greedy criminal. It came as a shock to most people when he confessed to the crimes he had committed because he was a master at hiding the person he truly was. The people he worked so closely with believed in him and trusted him whole heartedly and he betrayed them by masterminding one of the largest investment frauds to ever be committed by one person. Bernard Madoff, known to many as Bernie Madoff, was born in Queens, New York on April 29, 1938 to parents Ralph and Sylvia Madoff. Ralph had worked many years as a plumber while Sylvia was a stay at home mother. After many years of financial struggle Ralph and Sylvia decided to try their chances in the finance industry. While growing up, Bernie never showed any interest in his parents finance careers or finance in general. He was a typical teenage boy that enjoyed having fun, swimming, and …show more content…
There were multiple people who were hurt because of this ethical and legal issue. I believe that justice was served however the people that they scammed will never retrieve or recover all of their losses. After learning about this case I keep thinking about how the manager should be a coach. Bernie Madoff was definitely not a coach, instead of empowering his employees and leading by a good example he did the complete opposite. He showed his employees that he didn’t care about their clients by stealing their money but that he also didn’t care about them. If you were truly a great manager you would have never done what he had done and you wouldn’t have made your employees believe in you and what you made them believe that you were doing which just goes to show sometimes that “when something is too good to be true it usually