Madoff - Bernard Lawrence Bernie Madoff Brenda Hawkins...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Bernard Lawrence “Bernie” Madoff Brenda Hawkins Professor Shirley Dawson Business Law I 11/28/2010
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
1. Describe three types of illegal business behavior alleged against Mr. Madoff and for each type of behavior explain how the behavior is illegal or unethical in the conduct of business. Bernie Madoff was charged with one count each of securities fraud, investment advisor fraud, mail fraud, wire fraud, false statements, and false filings with the Securities and Exchange Commission, theft from an employee benefit plan, perjury and three counts of money laundering. This type of business behavior is both illegal and unethical because one of the main purposes of securities regulations is to prevent fraud and manipulative practices in the sale of securities. 2. Name three types of parties who were impacted by the actions of Mr. Madoff and describe how they were impacted. Maxam Capital Management is a Limited Liability Corporation (LLC) that suffered a combined loss of $280 million and will have to close as a result of the losses . Stephen Abbott, a San Francisco lawyer and two siblings had several hundred thousand
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 06/18/2011 for the course BUS 499 taught by Professor Campbell during the Spring '11 term at Strayer.

Page1 / 5

Madoff - Bernard Lawrence Bernie Madoff Brenda Hawkins...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online