Research the Bernard Madoff "Ponzi Scheme" scandal and respond to the questions below in a short...

Question

Research the Bernard Madoff "Ponzi Scheme" scandal and respond to the questions below in a short (250-word) response that you post to the discussion board.

What are the facts regarding this scandal?
How could such a scheme occur?
Has justice been served in this case?
Should white-collar crimes be prosecuted as aggressively as common
crimes?

Please write in basic English as I am an international student.

Soumi · Accepted Answer

Running Head: BERNARD MADOFF "PONZI SCHEME" SCANDAL	1
BERNARD MADOFF "PONZI SCHEME" SCANDAL					4
BUSINESS LAW
BERNARD MADOFF "PONZI SCHEME" SCANDAL
The Ponzi Scheme executed by Bernard Madoff officially continued for 17 years, before the fraud was recognized. At the starting of Bernard Madoff’s career, he was the chairperson of NASDAQ and he made online trading popular. At the time of Bernard Madoff’s arrest on 10 December 2008, the amount of fraudulent asset at Bernard Madoff’s disposal accounted for 64.8 Billion US$. The fraud simply used a Ponzi scheme in which the initial investors were given lucrative returns from the money collected from new investors. In addition to the payment of the investment returns, the money of the new investors were also used by Bernard Madoff for his personal interests. As the market started to decline,

Research the Bernard Madoff "Ponzi Scheme" scandal and respond to the questions below in a short (250-word) response that you post to the discussion board. What are the facts regarding this scandal?...

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