The United States of America is one of the greatest countries in the world, but it has not progressed to a point where universal truth underlies society and where society is focused on righting injustices. Some people try to stretch the truth and get away with different things. In our government, for example, officials are often caught lying for personal or political gain. In business, people often lie and sometimes steal. In school, if there is any form of cheating, there are plenty of penalties, yet kids still do cheat. In our society, Corruption in government and business, and cheating in school are some of the reasons that Kittum and Misharum aren’t in American society.
For over 20 years, Bernard Lawrence Madoff pulled off one of the biggest Ponzi schemes ever. Bernard Madoff founded the Wall Street firm Bernard L. Madoff Investment Securities LLC in 1960, and was chairman up until his arrest on December 11, 2008. Mr. Madoff used incoming money from investors to be used for his own personal gain, and when people wanted their money back, he would give another investor’s money to them. As long as there kept being more investors, than people wanting their money back, he was fine, but it had to come to an end eventually. Thankfully, no major derivatives firms traded with him because they didn’t believe his company really did make as …show more content…
President George Washington had to deal with a few scandals of his own way back at the start of the United States of America. President Barack Obama has had a bunch of scandals only a year into his second term. One of the biggest scandals of President Obama is the Veterans Health Administration scandal of 2014. The VA has admitted that at least 23 patients have died because they’re treatment was delayed, but more than 1,000 veterans could have died within the last decade because they weren’t cared
For over 20 years, Bernard Lawrence Madoff pulled off one of the biggest Ponzi schemes ever. Bernard Madoff founded the Wall Street firm Bernard L. Madoff Investment Securities LLC in 1960, and was chairman up until his arrest on December 11, 2008. Mr. Madoff used incoming money from investors to be used for his own personal gain, and when people wanted their money back, he would give another investor’s money to them. As long as there kept being more investors, than people wanting their money back, he was fine, but it had to come to an end eventually. Thankfully, no major derivatives firms traded with him because they didn’t believe his company really did make as …show more content…
President George Washington had to deal with a few scandals of his own way back at the start of the United States of America. President Barack Obama has had a bunch of scandals only a year into his second term. One of the biggest scandals of President Obama is the Veterans Health Administration scandal of 2014. The VA has admitted that at least 23 patients have died because they’re treatment was delayed, but more than 1,000 veterans could have died within the last decade because they weren’t cared