Bernie Madoff: Home of Jail

The case of Bernie Madoff remains to be a controversial aspect due to his ability to commit fraudulent acts against individuals and companies whether they may belong to the upper or middle class . Due to this , the repercussions of is actions remain to be a debate due to its timeliness with the ongoing American fiscal crisis . That is why careful considerations must be made in to actively understand the parameters of this case and align its application with normative ethics . Looking at this particular case , it can be seen that Madoff conducted what

usual economists calls a Ponzi scheme . This system creates various business practices that aim to provide fraudulent information among a client base to generate significant income and profit (Moore , 2009 This setup forwarded increased profits on Madoff as he continued to lobby for this act in different sectors . Such actions then resulted to huge losses as profits promised for clients were unequal to the actual amount (Lezner , 2008

This situation also resulted in the furthering negativity for hedge funds as the economy and the stock market continued to decline and drop The arrest of the 70-year-old Madoff , widely considered to have the magic touch as an investor , is another serious black eye for the hedge fund industry and all non-transparent investment vehicles (Lezner 2008 ,

.1 . Such ideas furthered rethinking how might have Madoff gained the ability to continue this practice for several years

Analyzing this case on the perspective in the realm of ethics , it...