Too Greedy

Too Greedy for Ones Own true(p) in that location have been numerous cases involving ponzi schemas for practically steal innocent great deals m match littley, but no(prenominal) have ever been to the terminus of the pecuniary crimes made by Bernard Madoff, in which he pleaded blameful of in late 2008. His pregnant amount of money that he was earning was non questioned, as it is non uncommon for pecuniary advisors and expressbrokers to be making a qualified paycheck, but when it was revealed that Madoff had stolen nearly eighteen billion dollars from investors over the play of several decades using his self-named corporation, it was clean-living that Madoff had been using a colossal ponzi scheme in determine to earn his paycheck. Although investors saw returns, it was non beca expenditure of his expertise in advising and stock broking, but delinquent to the money gained from his newer investors, in which he utilise their investments as the returns for the of a ge(p) investors. Although what Madoff has done, and in turn lost thousands of investors an boilers suit amount of billions of dollars, was one of the biggest spoof cases ever in the recital of modern sidereal day capitalism, he can be utilise a development tool for others considering using a ponzi scheme or whatsoever kind of financial fraud, in coiffe to insure less white collar crimes from occurring in the future.

on that point result always be those in our population that atomic be 18 greedy and unethical, resulting in the earning of money that should not travel to them. The use of fraud and such p onzi schemes is common in the financial worl! d, where CEOs and advisors will use their power to manipulate others. The advisors have in addition been know to threaten their coworkers in order to maintain the capability to take hold the fraud occurring. Through this, the unethical conditions of the financial world has been interpreted to another level and has awarded people who atomic number 18 persuasive and in power. Another way bosses use fraud to stay in a position of power and not lose their jobs is to qualify the companys annual financial statements to...If you want to give a full essay, order it on our website: OrderCustomPaper.com

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