Despite five significant investigations against Bernie Madoff between 1992 and 2006, regulator lawyers for Securities and Exchange Commission (SEC) produced lackluster efforts and results to prevent Madoff from conducting financial fraud that robbed many individuals, charities, non-profit organization, and educational institutions of their entrusted and invested funds (Shafritz, Russell, & Borick, 2013). In essence it was the SEC that enabled Madoff to further build his Ponzi scheme, which…
St. Bernard of Clairvaux played a pivotal role in the preaching of the Second Crusade. Though the Second Crusade is generally regarded by historians as a massive failure, the opinion of Bernard of Clairvaux has not changed over time, nor has the way historians regard his influence on the Second Crusade. This is made apparent by the views portrayed by George Dickson Kerr in Bernard of Clairvaux and Christian Society in the Twelfth Century, published in 1966 and The Second Crusade: Scope and…
The Bernard Madoff case is a great example of how a person will continue to commit a fraudulent act until they are caught. It is also a story that will forever be told and used as a learning guide for investors and others within the financial industry. The term “Ponzi scheme” is one that is often heard in the world of finance. It comes from the fraudulent act committed by Charles Ponzi in the early 20th century. ( Ferrell, 2009) Charles Ponzi is believed to have been the first to successfully…
In 1960, Bernard Madoff founded Bernard L. Madoff Investment Securities LLC. This firm grew to become one of the top market maker business on Wall Street ("Bernard Madoff"). He sat on the board of Nation Association of Securities Dealers Automated Quotations (NASDAQ); and he helped advise the Securities and Exchange (SEC) on trading securities. On Wall Street, he was widely loved, and he even formed close bonds with a few of his clients. None of them could have possibly known that Bernard Madoff…
Introduction The nineties were a strange, almost fantastical time; new technology was being created, Presidents were playing the sax on television, and Bernard, informally known as Bernie, Madoff was serving as the NASDAQ chairman. Bernie climbed the economic ladder, eventually being in control of millions of investments in 2008 until it was found out that he had been the head of the largest Ponzi scheme in America. Madoff’s case is not only important to the how expansive it was, but how…
The movie, “Groundhog Day” is a successful 1993 American film that captures the interests, mind and heart of its viewers because of its astonishing, innovative, and unique storyline, and in which this requires clear mind when watching in order for it to decode and unfold its purpose and in order for it to discover how great it is. This was directed by Harold Ramis and written by Ramis himself and Danny Rubin, based on a story by Rubin .It was starring by Bill Murray, Andie Macdowell and Chris…
film by Jeff Prosserman, based on the 2010 memoir No One Would Listen: A True Financial Thriller written by the film’s arguable protagonist Harry Markopolos. Chasing Madoff examines Markopolos and his cohorts pursuit of now infamous ponzi schemer Bernard Madoff. Madoff robbed tens of thousands of people, of tens of billions of dollars. Investigative journalists from several large publications were sought out and tried to bring forward expose articles but unbelievably the story was not brought…
Bernard Madoff took notes from the Ponzi scheme originator, Charles Ponzi, by creating an investment Ponzi scheme. At the start of his career, Madoff was a broker who legally purchased and sold non-listed stocks on the New York Stock Exchange, soon he and his brother developed a technology that aided them in the competitive investment industry. Madoff’s Ponzi scheme was a continuous process of acquiring new investors’ funds, to pay the old investors’ promised 10-15% return on investments; all…
Bernard Malamud, the author, presents his readers with several minor characters, each contributes, in some form, towards Manischevitz’s self-discovery and help him gain a better understanding of what it entails to be Jewish. The first character that Malamud…
certain impacts of technology on youth such as: 3 “Is modern technology creating a culture of distraction?” by Matthew Ingram, and 4 “Digital Distractions in the Classroom: Student Classroom Use of Digital Devices for Non-Class Related Purposes” by Bernard McCoy. From these articles, we see that there are certainly negative sides to being hooked on to technology such as: being distracted from other joys of life and losing productive time, which our group doesn’t fully…