Bernard Sachs

The Bernard Madoff Ponzi scheme was indeed a despicable intractably woven web of deception. He swindled millions of dollars from both the rich and the struggling middle class for more than 50 years. Madoff was money driven to the point that not even his friends and family was speared from his lies. People are driven by money, therefore, there will always be crimes as a result of the pursuit of this most tempting symbol of wealth. However, this is also the reason authority institutions are…

On July 16, 1969, an unforgettable and historical event occurred. This was a time of significance and overwhelming achievement for mankind. Neil Armstrong was the first man to step foot on the moon, along with the help of his colleague Edwin Aldrin. Both of these men are widely recognized for their brave and courageous act. With all the complications and challenges they might’ve gone through, people supported them every step of the way thanks to Times of London for publishing an article…

Alfred Hitchcock was a film director from England who moved the United States in 1939. He was famously known as the “Master of Suspense”. Hitchcock’s golden years of his cinema career were from the 1950’s to the 1960’s. During this time, he made various famous films, such as Vertigo, North by the Northwest, and Psycho. When we compare these films it’s hard to find something they might have in common. Each film has different lighting effects, colors, and types of shots. Hitchcock utilizes mise en…

Bernard Berenson was born in Lithuania in 1865, and moved to America when he was 9 years old. Berenson studied art history at Harvard on scholarship, and set off traveling Europe in 1887 with monetary help from patrons, specifically Isabella Stewart Gardner. When money started to run out Berenson still desired to stay in Europe, so he became active in the art market. In 1890 England, Berenson met his future wife, Mary Smith, and with her collaboration, began writing books on Italian art. His…

QUESTION 2 Start the question by defining a Ponzi and a Pyramid scheme; A Ponzi Scheme: "A con artist offers obligations that promise very high returns at seemingly very low risk from a business that does in fact exist or a secret idea that does not work out. The con artist helps himself to the investors' money, and pays a promised high returns to earlier investors from the money handed over by these and later investors. The scheme ends when there is no more money from the new investors"(Frankel…

statements were all illusions. Bernard Madoff was actually running a Ponzi scheme, using money from some of his investors to make payouts to others. During the stock market meltdown of 2008 and client desires to retract their investments, Madoff exposed his now failed scheme and confessed to his sons who alerted authorities. He was arrested and sentenced to serve 150 years in prison (Ferrell, Fraedrich, & Farrell, 2015). Many of the investors that had trusted Bernard Madoff were now broke and…

The Birds represents more than the threat post by nature Daphne Du Maurier’s 1952 novelette The Birds depicts a small town in England during WWII where all the birds inexplicably started to attack people. While it perfectly captured nature’s cruel mechanism, The Birds actually represents more than just the threat post by nature. In fact, It also represents the notion of a threatening presence, larger than human beings with unrivalled power, an example of this that people are more familiar with…

Citizen Kane was made in 1941 directed by Orson Welles, it is one of the best films of all time, created by one of the best film directors and cinematographers of all time. The movie contained several sequences and famous scenes that make this film a remarkable masterpiece. Mostly imply wonderful sound, lighting and shadowing, and camera angles. As a result of the actors performances play a big role of making this film very memorable. Therefore, I will personally explain why I enjoyed…

The fraud that Bernard Madoff committed was discovered in December 2009, which was based upon a Ponzi scheme. He did so by taking money from new investors to pay earnings to old customers. The higher the number of his clients who wanted to withdraw of retire their investment, the more revenue he would need. Ponzi scheme is named after Charles Ponzi whose crime was discovered in July of 1920 by the Boston Post. Madoff started in the investment business legally by buying and selling stocks that…

INTRODUCTION Bernard Madoff was a former chairman of NASDAQ stock exchange. He started his investment advisory firm on his own. He has be guilty for the defrauding of the investors of amount $50 billion which he was running the biggest Ponzi scheme for around two decades. In 2008 December when there were economic disturbances and meltdown in the United States Madoff couldn't carry his functions and satisfy his Investors requests of cash. He decided to come clean and accept the fraud he has…