With the information that is provided in this case the element of white collar crime that Bernie Madoff showed was bankruptcy fraud, and a form of blackmail. Baste of the information in chapter 6 the reason why white collar criminals are able to carry out their schemes for so long are, because most of them are mostly highly educated people that work within a powerful business or organization. One of the ways Madoff was able to keep his scheme going for so long because, he hired inexperienced…
Bernie Madoff started his family-operated business legally selling stocks before committing one of the largest white-collar crimes of our generation. Madoff was a credible and well-respected figure on Wall Street. He was lobbying for investment changes, sat on an advisory committee for regulation of the stock market, and served as the Chairman of NASDAQ (Ferrell, Fraedrich & Ferrell, 2013). As Madoff became more respected, his clientele list became more select. Bernie Madoff promised his…
There is overwhelming evidence that Bernard Madoff did not work alone. He may have masterminded the entire scheme but he has accomplices along the way that helped him to carry out his elaborate fraud and several have been charged for the crimes. For example, between 1998 and 2008, Madoff wrote $84 billion in checks to just four people (Johnston, 2014). According to Johnston, in 2002 alone, 318 checks were written from Madoff's 703 account to a Norman Levy, who had a private offshore bank; who…
The Broken Laws Laws and rules are always broken. When they are broken, they can end with consequences ranging from small to major. Harry and Carry, a newly married couple, break a suddenly given law in a small town in Maryland in 2092. Finding out that a major consequence will be dealt with, is not fun. A married couple named Harry and Carry were going out to the store on Monday, the only day to go shopping, when a new law came over the phone. As they were not at the house, Harry and Carry…
My son is one Lionel Messi is one of the best soccer players of ever lived, but for one silly mistake everything can change for him. Messi and his father were really close, but they were up to something. Messi and my husband were always respectful, responsible, and caring. In 2006 to 2009 Messi and his father were doing a tax fraud. Nobody was expecting this not even me. Who expected one of the richest athlete who ever lived not pay taxes. In July 6, 2016 he was taken to court with his father.…
Bernard of Clairvaux was born in 1090 into an aristocratic French household. His family’s relative affluence afforded him an extensive education in Latin grammar and rhetoric, which was designed to equip him for the religious order. In his youth, Bernard was drawn to a new style of monastic practice (the Cistercian Order) that based its daily actions on the teachings of Benedict’s Rule. After Bernard became the abbot of a monastic foundation at Clairvaux in 1115, he performed an integral role in…
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…
I established a 15 hour technology fast from Saturday 10 PM to 1 PM Sunday morning. I selfishly chose this time frame because I knew that any other time during the week would be nearly impossible to accomplish. Since, I am indebted to my technological devices to complete assignment, manage my schedule, and meet required responsibilities. In addition, I chose to include sleeping hours because it would cut a majority of the time that I would be without technology. However, I did not want to fully…
In the modern era, analysis is a very well established and developed field of mathematics. It is well known that analytic proofs are very strict in nature and to prove anything in analysis requires a careful consideration of the behaviour and characteristics of the proposition on hand. Before analysis became as well founded as it is today, there was no standard of rigor for analytic proofs. So, many mathematicians gave analytic proofs that were heavily based on spatial and geometric intuition.…
SUMMARY Originally founded in 1983 as LDDS Communications, today, MCI, Inc. is known as the American telecommunications company that was originally formed as a result of the merger of WorldCom. Currently, MCI, Inc. is headquartered in Ashburn, Virginia but originally WorldCom was headquartered in Clinton, Mississippi (Reardon, 2006). WorldCom’s growing success through acquisitions of other telecommunications firms led it to become the second largest long distance telecommunications company in…