Tuesday, December 11, 2012

Madoff's Case

Bernard Madoff had full control of the organizational leadership of Bernard Madoff Investments Securities LLC. Madoff used charisma to convince his friends, members of elite groups, and his employees to believe in him. He tricked his clients into believe that they were investing in something special. He would often turn authorisation investors down, which helped Bernard in targeting the investors with more m atomic number 53y to invest. Bernard Madoff created a governing body which promised spirited returns in the short term and was nothing else but the Ponzi scheme. The systems idea relied on funds from the new investors to ante up misrepresented and passing heights returns to existing investors. He was doing this for years; convincing wealthy individuals and charities to invest billions of dollars into his hedge fund. And they did so because of the extremely high returns, which were promised by Madoffs firm. If anyone would have looked deeply into the organize of his firm, it would have definitely shown that something is wrong. This is because nobody can make such big money in the market, especially if no one else could at the time. How could one person, Madoff, hold all of his clients assets, price them, and bonk them? It is clearly a conflict of interest.
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His company was showing high profits year after year; despite more or less of the companies in the market having loses. In fact, Bernard Madoffs case is utterly stunning when you consider the range and number of investors who got caught up in it. Bernard Madoff Case Summary Bernard Madoff opened his firm in 1960. His business began to gravel when his father-in-law Saul Alpern, who was an accountant, came to the firm. Because there were a lot of competitive firms at that time, Madoff decided to use innovative computer information applied science to spread its quotes, which later on became the NASDAQ. This technology provided his firm with a really good income and at this point his securities become the largest purchase and selling market... If you want to get a full essay, wander it on our website: Orderessay

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