1. Accounting Scandals
Use the internet to research more about accounting scandals. Choose three scandals to complete your
assignment. Also available on edmodo.com.
1. Name of scandal: Bernie madoff
Detailed explanation of scandal:
stole 21 billion dollars from investors
What was the outcome?
Is in jail for 150 years his son killed himself
2. Name of scandal:
Martha stewart
Detailed explanation of scandal:
Knew her stocks were going to drop so she sold them all
What was the outcome?
5 months in jail
3. Name of scandal:
Charles ponzi
Detailed explanation of scandal:
Investment sceam said that people were going to make money and did nothing
What was the outcome?
Ponzi was charged with 86 counts of mail fraud, tried, and sentenced to five years in federal
prison

2. 4. Which scandal would you like to do for your project?
Bernie madolf