Read the case study - The Fraud of the Century: The Case of Bernard Madoff
Problem 1. In a narrative format, discuss the key facts and critical issues presented in the case.
Problem 2. Do you think Bernard Madoff engaged in creating a Ponzi scheme because of greed or did he employ it as a short term strategy and just caught up in a process that he could not reverse?
Problem 3. What were the elements that led to him so successfully wooing some of the wealthiest and most intelligent clients? Why do you think the SEC was unable to uncover his fraud?
Problem 4. If you were in the position to recommend an investment advisor, how would you make sure that you did not become the victim of a Ponzi scheme or other financial fraud??