Pyramid and Ponzi schemes

with the desire and the possible underlying goal to maximizing profits, corporations often are faced with ethical dilemmas, such as Bernard L. Madoff Investment Securities, LLC, which was run by Bernard “Bernie” Madoff. Madoff orchestrated a ponzi scheme for nearly 18 years by attracting investors, falsifying statements, and through the use of feeder funds. Bernie Madoff was a well…

imagine stealing billions of dollars? Well, for Bernard Madoff this was no imagination. Bernie was an exceedingly admired stockbroker on wall street hence, no one questioned his doings. Being that he was of such high authority and acting nonchalant his scheme lasted numerous years. Bernie Madoff grew up in an unpredictable household with his parents. Bernie 's parents had a large role on his life and this is the reasoning behind why he did much of what he did. His parents were not the most…

After being charged with securities fraud, stock manipulation, money laundering, and other organized crime tactics (NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC), Belfort was sentenced to 4 years in prison and a $110.4 million dollar fine. However, after pleading guilty to fraud and money laundering along with testifying against his fellow associates, Belfort was given a reduced sentence of 22 months in Taft Correctional Center where he later wrote his biography. Daniel Porush was also…

The book Turtles all the way Down by John Green takes you through the life of a high schooler named Aza. Her best friend, and partner in crime, Daisy notices a $100,000 reward for the whereabouts of fugitive billionaire Russell Pickett. They have an unfair advantage, Aza was friends with Russell Pickett’s son Davis. Throughout the story Aza and Davis grow in their relationship. She has to manage school, Daisy, and Davis. She does all of this will trying to function with her anxiety. Her anxiety…

Part I : The Introduction, The Rulers, The conspiracy The illuminati is a secret religion found in May 1st, 1776 that follows the conspiracy theory thus meaning they are a group of secretive people that operate behind the scenes to govern the entire world in secret. In a developed context, the Illuminati are extremely powerful people that work in the financial, industrial and media world based in Western Europe and North America and some of their most important names are Rothschild,…

violent and usually deals with financial motivated situations. In this situation, ENRON officials were completely unethical. One topic that we covered during Case Study number 4 was the “Ponzi scheme” that included Bernie Madoff. This incident can be related to the ENRON scandal because ENRON used the same scheme. Just like Bernie Madoff, ENRON misrepresented earning reports to get people to invest. The money that was invested was pocketed by ENRON officials and used for their own benefit. With…

Greetings everyone! Today, I’ll tell you more about the famous billionaire Donald J. Trump! I’ll be talking about these subjects:  Donald Trump’s private life  Donald Trump’s business career  Donald Trump’s political career Donald Trump’s early life: Donald John Trump was born on June 14th, 1946, making him 69 years old. He was born as the fourth of five children to Fred Trump, an American citizen of German descent, and Anne nee MacLeod, a Scottish woman. Donald Trump was born and raised in…

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…

that he had help in creating and sustaining his Ponzi scheme. I do believe that this represents a conflict of interest. I believe that Bernard Madoff did not work alone. It is hard for me to image one individual working alone to create such the scheme. I believe that Bernard Madoff worked with someone, maybe his wife, to keep the money and paperwork shady. This also adds to my belief that he had help in creating and sustaining his Ponzi scheme. Scheming is not easy. It take forethought and…

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 giving false and positive statements so that they can sell the low-priced stocks at higher prices. Once an opened, company artificially manipulated the price of the share, since they had virtually all the…