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Bernard Madoff Case Summary. What Is a Ponzi Scheme. On June 29 2009 Bernard L.
Bernie Madoff is a prime example of an ethical situation involving a salesperson with a real world company. Bernard Lawrence Bernie Madoff was an American financier who executed the largest Ponzi scheme in history defrauding thousands of investors. Securities fraud investment adviser.
Bernard Madoff broke into the financial world in 1960 when he invested his 5000 savings into starting his own firm Bernard L.
Date of the Crime. In summary the scheme occurred for many reasons that I will some up into 3 points. June 29 2009 Brief Fact Summary. Madoff was arrested in 2008 and eventually sentenced to 150 years in prison.