Bernie Madoff essay.docx - Sydney Szmuc Bernie Madoff Bernie Madoff is the main subject in this documentary He was known as an American former

Bernie Madoff essay.docx - Sydney Szmuc Bernie Madoff...

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Sydney Szmuc Bernie Madoff Bernie Madoff is the main subject in this documentary. He was known as an American former stockbroker, investment advisor, and financier. People trusted him with their money for decades. When he confessed in conducting a Ponzi scheme, his investors and the world were shocked. In this essay, I will define what a ponzi schemer is, the history of the game, and Bernie Madoff behavior as a criminal. Bernie Madoff operated the largest ponzi scheme in the U.S. and world history. According to Merriam-Webster, “ponzi scheme is an investment swindle in which some early investors are paid off with money put up by later ones in order to encourage more and bigger risks” (pg. 1, Merriam-Webster). He kept up this scheme for thirty years, became well established in stock industry. He was the chairman of non-executive chairman of the Nasdaq Stock Market. His established name, let him expand his business services overseas, working with rich investors and with hedge funds. Even though people questioned Bernie Madoff business
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  • Spring '19
  • as
  • Ponzi scheme, Bernard Madoff, Bernie Madoff

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