Bernie Madoff College Essays Samples For Students

Ethics and Corporate Social Responsibility should work in harmony in a corporate world. These are key traits defined for maintaining good business morals, hiring employees with personal ethical values, and behave ethically and sensitively towards the society, economy and environment as a whole. We will discuss four theories in the context of Bernie Madoff and Enron two of the top financial scandals in the history of America.
Profit Maximization Theory - This ethical theory requires decision makers to maximize the profits of their business within the limits of the law. According to the theory the role of government and lawmaking ...

Abstract

The Madoff Securities scandal was one of the biggest Ponzi schemes to hit America. This essay would examine the Madoff scandal from an audit perspective since it was the complacency (or collusion) of the auditors that encouraged the perpetrator of this scam. While the scam that was pulled by Bernie Madoff, was both large and difficult to spot, its detection also helped expose a crucial flaw that existed in corporate America at the time. This was the lack of regulatory oversight in the Securities business. While one could lay the blame for this scandal on the Regulator, another important ...

Introduction

The case of Bernie Madoff is a good example of unethical practices can lead to corruption. Madoff, which is the former investment and a stock broker, is introduced around the globe as the only operator in the largest Ponzi scheme ever on record. This is because he turned its financial management firm into a huge Ponzi scheme that defrauded a lot of money from thousands of his investors. The paper will determine the regulatory oversight that was existing while the Ponzi scheme was operating. It also speculates on the main reasons why such plans were not discovered while investing ...

Bernard Madoff was well respected, white collar criminals are harder to spot than what we might refer to as ‘real criminals’ If Madoff had not been so well respected there would have been more suspicion and an investigation would have been issued but because he was an ex-chairman of NASDAQ he was not suspected of any wrong doing.
What Madoff did was exceptional in terms of financial because of his status but financial crime on a smaller scale happens routinely
Today we find it hard to believe that we are suffering a recession when there are people in the ...

Sociologist Edwin Sutherland described white-collar crime as a crime committed by a person or people of high social class. The crimes are described as non-violent, and conducted with a high degree of professionalism. White-collar crimes are differentiated from the blue-collar crimes by the fact that they do not involve physical violence, or the threat of violence. In most cases, the crimes are motivated by the need for money and result in illegal monetary gain. One of the most notorious convicts of white-collar crime, Bernard Madoff, was in 2009 sentenced to one hundred and fifty years in prison after he was found guilty ...

In the wake of the financial crisis, the Securities and Exchange Commission took a beating for appearing to sit idly by while the likes of Lehman Brothers and Bernard L. Madoff ran amok.
Government regulators on the Wall Street beat have long been outnumbered and outspent by the companies they are supposed to police. Even after receiving budget increases from Congress in April 2011, the Securities and Exchange Commission is struggling to fill crucial jobs, enforce new rules, upgrade market surveillance technology and pay for travel.
The money squeeze comes as the regulators take on added responsibilities including ...