Bernard Madoff Case. The fraud of the century. The United States government ended up offering to pay out more than 700 million to defrauded Madoff investors but that amount paled in comparison to the billions upon billions of dollars that investors had been scammed out of.
Case Study on Business Ethics. DASSIN the Acting United States Attorney for the Southern District of New York and JOSEPH M. DEMAREST JR the Assistant Director-in-Charge of the New York Field Office of the Federal Bureau of Investigation FBI announced that BERNARD L.
Contents 1 Early life 2 Career 3 Government access 4 Investment scandal 41 Mechanics of the fraud 42 Affinity fraud.
When Bernard Madoff started his investment company Bernard L. Case Summary 1. Madoff took money from new investors to pay earnings for existing customers. He pleaded guilty in March 2009 to 11 felonies and admits that he turned his wealthy management business into a massive ponzi scheme that defrauded thousand of wealthy investors out of billions of dollars.
