1. Write a business report, as for a managerusing business writing, on Bernard Madoff Corporate...

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1. Write a business report, as for a managerusing business writing, on Bernard Madoff Corporate Fraud Scandal.2. Use proper APA citation methods.3. The report must include an introduction, body, and conclusion. In the conclusion.4. Report must be on who committed the fraud, how they did it, how did they get caught; what penalty happened to them and if known, where are they today.5. Two (2) pages length single-spacedHere is a link that will help familiarize with the case:http://en.wikipedia.org/wiki/Madoff_investment_scandal
	
Document Preview: 1. Write a business report, as for a manager using business writing, on Bernard Madoff Corporate Fraud Scandal. 2. Use proper APA citation methods. 3. The report must include an introduction, body, and conclusion. In the conclusion. 4. Report must be on who committed the fraud, how they did it, how did they get caught; what penalty happened to them and if known, where are they today.5. Two (2) pages length single-spacedHere is a link that will help familiarize with the case:http://en.wikipedia.org/wiki/Madoff_investment_scandal

Robert · Accepted Answer

1 
Introduction 
This paper reveals the famous Bernard Madoff Corporate Fraud Scandal. It analyses the 
happenings of the fraud from an economic perspective and aims to deliver the findings 
without a biased opinion. The paper contains a background and the story based on secondary 
research from the internet and other sources. The paper ends with a brief conclusion which 
ties the contents of the report together. 
Brief Background 
A stock exchange called NASDAQ for technology assets was created by Madoff. He was a 
part of the establishment and was clean of all the charges during the early phases of the 
establishment. 
The company Avellino and Bienes was shut down in the year 1992 and the reason for the 
same was running of a pyramid scheme by the SEC (Securities and Exchange Commission). 
Further elucidated investigations and probing by the concerned authorities revealed that the 
corporation entrusted Madoff with the money and the funds. The usual scenario would have 
incorporated the liquidation of assets but instead Madoff was allowed to exchange its 
respective assets at Avellino and Bienes from Madoff, that is, from one pyramid scheme to 
another pyramid scheme (Daily MARKETS 2011). 
Harry Marcopolos was given the responsibility and became in charge for further probing of 
the matter in 1999, he concluded that Madoff had indeed committed the fraud.  
The story behind the scenes 
The fraud did not come to light for a long period of time because of the reason that there was 
many ‘feeder funds’ that were channeled into the main funds. This replicated into the fact 
that a large number of investors were completely unaware of the fact that there money was in 
possession and was being further managed by Mr. Madoff. As an example, the director of the 
DreamWorks film studio who ran a charitable and a not for profit foundation had not even 
heard the name of Mr. Madoff until before the scandal and the fraud came to light and known 
universally (Pilbeam 2006).

1. Write a business report, as for a managerusing business writing, on Bernard Madoff Corporate Fraud Scandal. 2. Use proper APA citation methods. 3. The report must include an introduction, body, and...

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