Securities Exchange Act of 1934

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…

Bernie Madoff started his family-operated business legally selling stocks before committing one of the largest white-collar crimes of our generation. Madoff was a credible and well-respected figure on Wall Street. He was lobbying for investment changes, sat on an advisory committee for regulation of the stock market, and served as the Chairman of NASDAQ (Ferrell, Fraedrich & Ferrell, 2013). As Madoff became more respected, his clientele list became more select. Bernie Madoff promised his…

The Financial Executives International and Drake University School of Accounting hosted the Thirtieth Annual Lecture which was presented by Sarah Esquivel. Sarah Esquivel is currently the Associate Chief Accountant for the Securities and Exchange Commission (SEC). Her presentation was an overview of what the SEC, specifically the Office of the Chief Accountant (OCA), is and does. Esquivel also included information on the new and changing accounting rules. The 2016 FEI lecture was honored to have…

There is overwhelming evidence that Bernard Madoff did not work alone. He may have masterminded the entire scheme but he has accomplices along the way that helped him to carry out his elaborate fraud and several have been charged for the crimes. For example, between 1998 and 2008, Madoff wrote $84 billion in checks to just four people (Johnston, 2014). According to Johnston, in 2002 alone, 318 checks were written from Madoff's 703 account to a Norman Levy, who had a private offshore bank; who…

To this day, one of the most well known American swindlers and criminals of the administrative field is Bernard Madoff. The opportunist made it seem as though he was a caring nice individual that could be trusted, but the real truth was that he was a crazed and greedy criminal. It came as a shock to most people when he confessed to the crimes he had committed because he was a master at hiding the person he truly was. The people he worked so closely with believed in him and trusted him whole…

filed a private lawsuit against me. To conclude this chronicle of calamitous events, I have been made aware that Cardozo & Co. is under investigation by the United States Department of Justice (DOJ), the Internal Revenue Service (IRS), the Securities Exchange Commission (SEC), the Florida Attorney General, and the Florida Department of Revenue. I must now, as a result of my actions, ask myself: Am I, in any manner, liable under common law? Am I, in any manner, liable under statutory law? May I…

financier. Bernie Madoff was a well-known and a well-liked man on Wall Street. Madoff had a perfect reputation, not only in the investment market, but socially. He ran an elaborate Ponzi scheme at his investment company, Bernard Madoff Investment Securities. Madoff was born on April 29, 1938, in Queens, New York, to parents Ralph and Sylvia Madoff. Ralph, the child of Polish immigrants, worked for many years as a plumber. His wife, Sylvia, was a housewife and the daughter of Romanian and…

conduct in a trustworthy and respectable manner so clients are treated fairly. However, 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…