Bernard Madoff

George Eastman, J.P. Morgan, John Rockefeller, and Andrew Carnegie were captains of industry. Eastman, Morgan, Rockefeller, and Carnegie were all captains of industry because they all gave back and donated money, each of these four men donated money or items to business, charities, and founded their own schools or business. George Eastman was a very generous man and gave money to schools, businesses, and even gave away scholarships/internships to M.I.T which stands for Massachusetts Institute of…

Stratton Oakmont, Inc. was a Long Island, New York based "over-the-counter” brokerage company founded by Jordan Belfort. Stratton Oakmont is one of the well known and most controversial stock scandal of all times. Jordan Belfort also known as “wolf of wall street” was a stockbroker who ended up doing a big stock manipulation. He looted his clients by underwriting an initial public offer(IPO) for a company that doesn’t exist then they used pump and dump scheme to sell its self-owned stocks by…

The cognomen Madoff has been stained with deception as it relates to American investment fraud history. Bernie Madoff masterminded a modern day Ponzi scheme, which was the biggest investment fraud known to Wall Street that amounted to $65 billion swindled from investors for a 20 year period (Graybow & McCool, 2009). Madoff, 77 years old, is currently serving a 150-year prison term at Metropolitan Correctional Center in Lower Manhattan; 150 years was the maximum sentence for his crimes (Henriques…

TWhy do you think that people would steal art? To get money, to help a friend, to just get attention? Everyone has there reasons that we might never know. That is one of the challenges authorities have, trying to figure out why people steal the ear that they steal. Another major challenge is having to locate the art and the people who stole it. The masterpiece Rembrandt's Christ in the Storm on the Sea of Galilee was stolen. It had a five million dollar reward for whoever could find it. At the…

as I usually do shopping online which give rise to the leak of my financial information. In addition, I will make sure to shred all my financial related documents. I will also stop using debit card at a gas station. 5. Do some research on Bernie Madoff. What was his punishment for the Ponzi scheme? How much money did investors lose? How was Madoff’s family…

The Men Who Built America Episode 1 starts 5 Days after the Civil War, which was known as the bloodiest conflict with 6,000 deaths adding one of the greatest, Abraham Lincoln. This episode was about how the railroads had come together. The railroads started with Cornelius Vanderbilt. He began his journey starting with a single ferry that had later on become many ships. His ships were used to transport goods. Vanderbilt later on in life then decided to sell all of ships and invest in railroads.…

1. Charles Ponzi was a working-class Italian immigrant who was eager to find success in America. Bernard Madoff was already a multimillionaire before he started his scheme. Does that make one more unethical than the other? Why or why not? Ethics is the set of rules that we live by as a person, looking at what we feel what is right or wrong and how we behave toward other people. This set of ethics standards are usually acquire by the way that we are brought up, the culture and customs that we…

is my belief that Bernard Madoff engaged in the Ponzi scheme at first to build his company. Bernard was a “blue collar” worker, upon graduation from high school he was a life guard in the summer and installed refrigeration systems. Bernard Madoff Investment Securities was started from the labor of these jobs (Gregoriou & Lhabitant, 2009). What may have started as a temporary scheme to ensure the success of his company, quickly got away from him; although I do believe that Madoff found a loop…

Mark Madoff was put in a very difficult position on whether to turn his father, Bernie Madoff, in for his Ponzi scheme immediately or give his father a week delay as he requested. If Mark would have not immediately gone to authorities, he risked looking guilty for involvement and risked the charges associated with involvement, in addition to possibly facing charges for withholding information on his father’s illegal activity. If Mark chose to wait it out, he would be giving Bernie not only a…

from a lipstick company. That was very genius of Madoff to do. Inside the building there were 20 to 30-year-old working making millions of dollars a year. Madoff “company” was run by Madoff family members like his two sons and brother. Where the actual fraud was taking place was in the 17th floor by Frank DiPascali. DiPascali would get word to Madoff which made him important. Fraud is another key term used in Chapter 12 that this documentary uses. Madoff was getting money through false…