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In no more than 4 paragraphs discuss how madoff was able to

Assignment

Read the following article:

Bernard Madoff arrested over alleged $50 billion fraud by Edith Honan, Dan Wilchins.

In no more than 4 paragraphs discuss how Madoff was able to perpetuate the fraud. What does this say about human nature?

Discuss the role of the regulatory agencies and the reasons for their not detecting the fraud. Analyze the impact of this type of fraud on the US economy.

APA format, in-text citations.

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