Bernard Madoff Case Study

Dr. Nassar,

In the case of Bernard Madoff the fraud of the century, did he have help in creating and sustaining the Ponzi scheme? I believe that the prolonged nature of the scheme required assistance from other parties.

First, the stock trading company that was heavily involved in until the arrival of his brother Peter Madoff has been cleared of wrongdoings. Family members were employed at this company. However, the investment company where the fraud occurred did not employ family members. Bernard hired employees that were undereducated and inexperience to work for him. One could make the case that this hiring practice prevented the involvement of family members in the fraud.

Second, the prolong time frame of the fraud yields a sense that