The Ponzi Scheme (Bernard Madoff)

1191 Words Apr 8th, 2013 5 Pages
e)The Ponzi Schem(

Bernard Madoff

First Semester - 2012

Contents:

Name of the company…………………………………………………………2

Field of the company…………………………………………………...…..2

The Ethical dilemma or issue, which faced the company………………..2

The Consequences of ethical dilemma……………………………....….…3

-Economical consequences………………………………………....……3

- Social consequences……………………………………………..……..3

- Political consequences………………………………………….….…...4

The solution or the end of the ethical dilemma…………………….....….5

-Largest stake-holders……………………………….……….…….……5 -Incarceration…………………………………….…………..…….…….6
References………………………………………..………………...…....…7
Student
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By staying on top of federal and state securities regulations, Crosby-Brown and others at Regulatory Compliance keep client firms aware of the ramifications of current regulations and abreast of the latest changes. They educate clients on the impacts of new regulations, how to mitigate the impacts, and how they can prepare for regulatory examinations, such as reviewing supervisory procedures, accurately documenting policies and procedures, and monitoring firm activities.

The solution or the end of the ethical dilemma:

Largest stake-holders

The investors with the largest potential losses, including feeder funds, are:

• Fairfield Greenwich Group, $7.50 billion • Tremont Capital Management which is owned by MassMutual, $3.30 billion • Banco Santander, $2.87 billion • Bank Medici, $2.10 billion • Ascot Partners, $1.80 billion • Access International Advisors, $1.40 billion • Fortis, $1.35 billion • HSBC, $1 billion

The potential losses of these eight investors total $21.32 billion.

There is the issue of the opaque and secretive nature of hedge funds. Critics say opacity caused the Madoff crisis. When Bernard Madoff started his
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