Too Greedy

Too Greedy for Ones Own keen in that location have been numerous cases involving ponzi schemas for practically stealing innocent great deals m whizy, 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 essential amount of money that he was earning was non questioned, as it is non uncommon for financial advisors and expressbrokers to be making a adapted paycheck, but when it was revealed that Madoff had stolen nearly eighteen billion dollars from investors over the run 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 collect to the money gained from his newer investors, in which he utilise their investments as the returns for the senior 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 parody cases ever in the recital of modern day capitalism, he can be utilise a attainment tool for others considering using a ponzi scheme or some(prenominal) kind of financial fraud, in coiffe to insure less(prenominal) white collar crimes from occurring in the future.

on that point pass on always be those in our population that atomic come 18 greedy and unethical, resulting in the earning of money that should not last to them. The use of fraud and such ponzi sch emes is common in the financial world, 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 competency 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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