Bernie Madoff Steals Billions of Dollars in Fraudulent Investment Scheme "Here the message must be sent that Mr. Madoff's crimes - Whin, District Judge of their investments from Madoff. He could no longer One of the largest fraudulent investment schemes wes Bup his fraud afioat and was arrested by the Federal run by Bernie Madoff over a twenty-year period. Over was froder of Investigation (Fai). in 2009, Madoft appeared years, Madoff enticed investors to invest billions of dollers filing, maill fraud, money laundering, and perjury and for Madoff joined the classic promise of extraordinary returns. Comimise documents with the Securities and Exchange of charitable organtry clubs, served on boards of directors "The U.S. district court judge called Madoff's fraud high and wealthy circles. ties, and traveled in "torecedented" and "staggegering" and sentenced Madoff When investors request his clients' money as promised. The judee sers in prison without the possibility of parole. out of new money thet hed their money back, he paid them_ Mr. Madoff's crimes were extraordinarily evil." Madoff, tors. Madoff used much had raised from other inves- age 71 , Was committed to the federal prison. As part of his family's lavish lifestyle. Madoff an to pay for his and his sentencing. Madoff was ordered to pay $170 billion had a Manhattan penthouse, a beaeh his wife, Ruth, Mestitution, but only a small amount will be recovered. the Hamptons on Long Island, and a vill mansion in Many investors lost their life savings. United States v. Riviera. He owned three yachts, and a villa on the French Madoff (United States District Court for the Southern worth millions of dollars. Madoff was able to run his pyramid scheme for two decades without getting caught. However, in 2008 , after Eihic: Quosecues Did Bernie Madoff act ethically in this a recession hit the United States and the stock market case? Did he act illegally? Are the investors to blame for plummeted, investors tried to recover billions of dollars their own misfortune? Explain. Why do fraudulent investment schemes keep working? 1- you need to answer the questions at the bottom right of the case study. 2- you need to mention the ethical issue (dilemma) 3- you need to mention the stakeholders in the case study 4- you need to apply ethical theories in your answer. 5- evaluation of different ethical theories 6- do not mention (write) the question in your answer..

1. Bernie Madoff Steals Billions of Dollars in Fraudulent Investment Scheme "Here the message
must be sent that Mr. Madoff's crimes - Whin, District Judge of their investments from Madoff.
He could no longer One of the largest fraudulent investment schemes wes Bup his fraud afioat
and was arrested by the Federal run by Bernie Madoff over a twenty-year period. Over was
froder of Investigation (Fai). in 2009, Madoft appeared years, Madoff enticed investors to invest
billions of dollers filing, maill fraud, money laundering, and perjury and for Madoff joined the
classic promise of extraordinary returns. Comimise documents with the Securities and Exchange
of charitable organtry clubs, served on boards of directors "The U.S. district court judge called
Madoff's fraud high and wealthy circles. ties, and traveled in "torecedented" and "staggegering"
and sentenced Madoff When investors request his clients' money as promised. The judee sers in
prison without the possibility of parole. out of new money thet hed their money back, he paid
them_ Mr. Madoff's crimes were extraordinarily evil." Madoff, tors. Madoff used much had
raised from other inves- age 71 , Was committed to the federal prison. As part of his family's
lavish lifestyle. Madoff an to pay for his and his sentencing. Madoff was ordered to pay $170
billion had a Manhattan penthouse, a beaeh his wife, Ruth, Mestitution, but only a small amount
will be recovered. the Hamptons on Long Island, and a vill mansion in Many investors lost their
life savings. United States v. Riviera. He owned three yachts, and a villa on the French Madoff
(United States District Court for the Southern worth millions of dollars. Madoff was able to run
his pyramid scheme for two decades without getting caught. However, in 2008 , after Eihic:
Quosecues Did Bernie Madoff act ethically in this a recession hit the United States and the stock
market case? Did he act illegally? Are the investors to blame for plummeted, investors tried to
recover billions of dollars their own misfortune? Explain. Why do fraudulent investment
schemes keep working? 1- you need to answer the questions at the bottom right of the case study.
2- you need to mention the ethical issue (dilemma) 3- you need to mention the stakeholders in
the case study 4- you need to apply ethical theories in your answer. 5- evaluation of different
ethical theories 6- do not mention (write) the question in your answer.