For this assignment, you will examine the ethical failure that was Bernie Madoff’s Ponzi scheme. Watch this documentary:
http://www.pbs.org/wgbh/frontline/film/madoff/
(Links to an external site.) and submit a paper on the following:
1-Briefly summarize how the Ponzi scheme began and how it worked.
2-Using specific information from the documentary, please explain why, in your opinion, Bernie Madoff got away with the Ponzi scheme for so many years.
3-What standard should an individual investor be held to in these circumstances? Is it the government’s job to ensure that the investor makes good financial/investment decisions?
4-Why is this a good lesson/case study in ethical business practices?
5-In your opinion, who was the LEAST credible person interviewed and why?
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