Bernard Herrmann

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…

Topic Introduction: Stemming from the Enlightenment are fundamental concepts that sparked the American and French Revolutions. Of these enlightenment ideals, reason is by far the most important. Reason – the freedom to think and act for oneself – is a core value that stems from this era. Kant argued that be human is to abandon a life of unreason or a reliance on faith and superstition. Reason, Kant claims, is the true meaning of humanity. Reason is the sign of maturity. As such, as we grow and…

Bernie Madoff, a well-respected financier, conducted one of the most well-known Ponzi schemes. Madoff lured in investors by guaranteeing them unusual high returns. Over several decades, Madoff was able to scam and convince thousands of investors to hand over their savings with a false promise of consistent profits in return. He was eventually caught in December 2008 and was charged with 11 counts of fraud, money laundering, perjury, and theft (Yang). On June 29, 2009, he was sentenced to 150…

“Fake it ‘til you make it” sadly doesn’t always work, especially when what’s being faked is Jesus’s brother’s ossuary. “Unholy Business: A True Tale of Faith, Greed and Forgery in the Holy Land” by Nina Burleigh was published in 2008, describes the journey and struggle of validating this ossuary. James Ossuary is the main focus of this book, and all of the experts and millionaires that want to have it in their collection. The story of the discovery, travel, and testing of the ossuary is told…

These cold November days in Mississippi are miserable, and i think 1931’s school year was the worst year i’ve ever had.. It had been a long rainy day. I got home from work and began getting some food ready for the children as well as some towels. They all came home soaking wet from them dang buses. The children had to walk to school everyday. Little man didn’t like it because he hated to get dirty, and the buses with all them white kids would think it was the funniest thing to drive extra fast…

Analyzing The Big Short The whole housing market is built like a giant Jenga tower. The AAA mortgages are at the top of the tower while the BBB’s are the lowest base of the tower. The AAA’s and AA mortgages were to make so much money that the extra money was to trickle down to the BBB’s at the base. This information is in the book The Big Short: Inside the Doomsday Machine written by Michael Lewis. He has written many best-selling non-fiction books like Moneyball and The Blind Side both were…

This is not the first time Madoff office has been raided by SEC investigators, the recent raid being on 20th April 2005. They wanted to know if Madoff had hedge trade funds or executing hedge trade funds for others as he always claimed. Their investigation was after SEC staffers had found an email that expressed why Renaissance Technologies stopped doing business with Madoff. Initially, examiners claimed they were just on a normal routine examination of the brokerage firm’s books and records. On…

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…