Explore BrainMass

Explore BrainMass

    Bernie Madoff Case Study

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Do you think Bernard Madoff engaged in creating a Ponzi scheme because of greed or did he employ it as a short term strategy and just caught up in a process that he could not reverse?

    © BrainMass Inc. brainmass.com June 4, 2020, 4:52 am ad1c9bdddf

    Solution Preview

    I believe that Madoff engaged in creating a Ponzi scheme out of greed. The fact that he may have began his scam nearly twenty years before it was uncovered underscores this fact. A fact that is even more troubling about the nature of this scam is the amount of charities that were involved. It takes a ...

    Solution Summary

    The solution will provide the student with a relevant answer concerning Bernie Madoff and Ponzi schemes.