Bernard Madoff Research Paper

Decent Essays
The fraudster Bernard Madoff caused what is accepted to be the longest-running Ponzi plot ever. The toll is gigantic with substantially more than 15500 individuals guaranteeing to have been defrauded. The dominant part of them, over 70%, will never recover their cash due to the disastrous truth, which states that they are considered "third party" investors who had put their own cash into feeder funds. Madoff could trick feeder funds and people by taking on the appearance of a Wall Street man who has magical powers. Rather than contributing the cash to productively various investments, he stole it on a whole. With a specific end goal to keep this on and on, he required a continuous flow of newly casualties that are considered to be easy victims

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