Bernard Madoff Research Paper

IT’S hard enough to believe that beneath the sincere image of a contemporary investor, Bernard Madoff, is an exploiting individual. After taking a glance at the decisions he made under his economic façade, there seems to be more than what meets the eye. During a past family breakfast, I remember hearing his name constantly brought up on 9 News. When we heard the broadcast, it appalled me to learn that Madoff was involved in a scandal where he deceived legitimate contacts into pooling large sums of money. As such, it is acceptable that the nature of absolute power and corruption had destroyed the fraudster’s character, similar to the fate of Shakespeare's "Macbeth".

The quintessential tragedy tells the tale of a Scottish general “Macbeth”- a man who is foretold by a trio of crones that he will become “Thane of Cawdor” and then the King of Scotland. He ensues this quest for power which leads him to conflict with his friend, Banquo, and his rival, Macduff, who kills Macbeth in the final act. Initially performed in 1606, the play was Shakespeare’s attempt at highlighting the physical and …show more content…
Once Madoff attended law school and earned a bachelor’s in political science, he established his seemingly innocent investment firm. His company offered reliable returns and dealt with reputable clients such as Stephen Spielberg. However, his entire business was an elaborate Ponzi scheme held to satisfy his lust for riches. How may you ask? It involved all forms of cruel acts including fraud and money laundering, with billed accounts as high as 65 Billion US dollars. Like Macbeth once believed, “False face must hide what the false heart doth know.” This is a prime example of such an atrocity as the quote described deceit. As of today, Madoff faced an undesirable outcome similar to Macbeth for orchestrating his schemes- a 150-year prison