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Worst Investor Deceit of all Time - The Bernard Madoff Case

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Based on the following article, describe the basis of the issue from an Ethics standpoint.

The article is about Bernard Madoff and his Ponzi Scheme.

http://money.cnn.com/2009/04/24/news/newsmakers/madoff.fortune/index.htm

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Solution Summary

From an Ethics standpoint, Mr. Madoff can be categorized as one of the biggest money hungry deceivers of our time with no regard for basic personal human relationships and no respect for his profession. The article refers to his scheme as being "possibly the biggest investment fraud in the nation's history." Below is an analysis of Mr. Madoff's investment practices which are unprecented.

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From an Ethics standpoint, Mr. Madoff can be categorized as one of the biggest money hungry deceivers of our time with no regard for basic personal human relationships and no respect for his profession. The article refers to his scheme as being "possibly the biggest investment fraud in the nation's history." He swindled individuals and corporations out of their money and defrauded those who trusted him, violating Codes of Ethics and breaking laws, among others, money laundering, running unregistered securities operations, and fraudulent transfers of funds, and caused his employees to ...

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Carmel Philistin, MBA/HCM
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  • MBA/HCM, Phoenix University
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