A white collar crime related criminal/civil case will be selected to research. Identify and prepare a discussion paper.
The paper should outline the case, document the charges and evidence from the state, the defenses arguments, the verdict, and identify case related issues which lead to the verdict.
This paper will be graded based on content, clarity, organization, and use of proper grammar, punctuation and spelling. This paper should be three to four pages (not including content, cover page, and reference page). You must cite at least two sources. APA format
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TOPIC: “Bernie Madoff Ponzi Scheme”
Here is the information about it.
The word “Ponzi” was introduced into America’s lexicon in late 2008 when Madoff was arrested and charged with securities fraud. The former lifeguard, sprinkler installer and chairman of NASDAQ managed to build a multi-billion dollar investment firm with false trading reports and without assistance from the major derivatives firms, each of which refused to trade with him. Although he had been suspected of being a sham a decade before, it wasn’t until 2008 that he was arrested after his misdeeds were reported by one of his sons. In 2009, he pled guilty to 11 federal crimes including securities fraud, money laundering, and theft from an employee benefit plan. The penalty: 150 years in prison and $170 billion in restitution — investors lost billions of dollars due to the scandal, and three people involved with the business, including Bernie’s son Mark, committed suicide.