Essays on Investment Securities

Unethical Behaviors Involved

Madoff accountant Paul Konigsberg was charged for helping Benerd Madoff, a convicted swindler to deceive thousands of customers in the Ponzi scheme. Konigsberg role included defrauding customers by falsifying records and participating in conspiracy. Thus, he failed in his duties as accountants and favored backdating clients accounts statements. He did this to curb losses of millions of dollars, factious trades and conjured profits. Konigsberg is the 15th person to be charged with the Bernard L. Madoff Investment Securities LLC. fraud. Together with Frank DiPascali, Konigsberg assisted Madoff to manipulate trades and backdating of documents. This aided Bernard L. Madoff Investment ...

Madoff

Madoff was an American who was found guilty of fraud. He was in charge of a Ponzi scheme in the United States. The scheme is known to be one of the biggest financial fraud that ever happened in the United States of America. Madoff through his firm, Madoff Investment Securities, which bypassed other firms through making orders directly over the counter by making use of its retail brokers. Those that assisted him in the fraud crimes included his close relations who he employed at his firm, Madoff Investment securities. He employed his brother and two sons as well as ...

Abstract

This research paper was had one objective: to investigate the circumstances that saw the Kuwait Gulf Bank survive a financial crisis. Kuwait Gulf Bank is one of the largest financial institutions in Kuwait and, therefore, one of Kuwait’s major lenders. Before the financial crisis, the Bank had been very successful in its operations. It first became operational in 1961 after having been established in Fahad al-Sahem Street the previous year. Its headquarters were, however, later moved to Abdulla al-Sahem Street three years later. In the years following that, it has continued to grow and has been able to finance ...

Bernard, or “Bernie” Madoff is now an infamous figure in the American media, but before he became one of the most famous villains of all time, he was a well-known and well-respected investment advisor and stockbroker. He worked in the financial sector for many years, even working as the non-executive Chairman of the NASDAQ stock exchange for a time (“The Madoff Scam: Meet The Liquidator,” 2010). Madoff formed his own company in 1960, a firm he called Bernard L Madoff Investment Securities. It is rare for individuals who are so powerful in the American financial sector to become embroiled in such ...