The Bernard Madoff “Ponzi Scheme” scandal was the biggest and lasted the longest financial fraud in the history of the US. Bernard Madoff was a financial adviser, and also the former chairman of the NADAQ. He established his investment firm named “Bernard L. Madoff Investment Securities LLC” in 1960. The Madoff Fraud is a typical “Ponzi Scheme”, in order to attract investors to give money to him, he convinced people to hand over their life saving, and promised them high returns rate, and then he used these money to make payments to those earlier investors. He took the investors for a $65 billion over the course of nearly two decades. In the end, Bernard was sentenced to maximum 150 years prison life and a forfeiture of $170 billion.…
Jordan Belfort was raised in a modest family in Queens, New York. Utilizing his natural…
did he become such a successful businessman? Well that’s all thanks to his method of…
In essence, the savvy business leader went from rags to riches (Sorkin, 2002). Unfortunately he would pay the cost for his naïveté when he was indicted of “twenty-two counts of larceny conspiracy and securities fraud” which came at time when many white collar crimes were under high scrutiny. Amid that time even Martha Stewart was indicted and sentenced to jail for her white collar crimes (“Tyco CEO Dennis…,” 2011) which make's people wonder if " that’s a good thing " considering that these practices were basic practices in business, and just a few people were sentenced (“Tyco CEO Dennis…”,…
Off of his success he became a multimillionaire. He moved on to humanitarian work afterwards and starting by helping out in world war 2. Headed the commission…
Andrew Carnegie was constantly trying to make money. Switching from job to job to get more money and later in…
and prospered as a businessman. When he closed out his business in late1859 war was…
went to work to support his family. He was hired as a apprentice to a bookseller were he…
He was able to move from different jobs, each time they would have a better pay than the last. He then he talked to Bessemer and built a successful steel company. The company also opened up jobs for several people. He continued to invest in steel and continued to grow his company. This made him incredibly…
Andrew Carnegie was a true rags to riches story. When he was thirteen he started working, first as a bobbin boy in a cotton factory, then as a telegraph messenger boy then as a telegraph operator in the Pennsylvania Railroad. He soon became superintendent of his division. His first company was co-owned by Mr. Woodruff, the inventor of the sleeping car, in The Woodruff Sleeping Car Company, which made the core of his future fortunes. Oil investments and jobs for the government during the Civil War followed. Mr.…
Even in his early years of turmoil his showed great signs of entrepreneurship. Using his spare time he would sell peanuts, homemade molasses, and axel grease to support his family. The little he had left over he saved so that he could leave Social Circle improving his social and economic conditions.…
His story took place when his mum, dad and his sister died in a car accident. This left the man as an orphan. This drove him into binge drinking and use of drugs, his habit took all of his money, that he was left with nothing and started living in the streets of Sydney. The first few weeks the man suffered from depression and started to think about suicide, then after that torture he started to busk for money.…
Jordan and his apartment neighbor, Donnie Azoff, decide to hirer a few friends who have experience in sales, dealing mostly with weed, to start their own company they call Stratton Oakmont. The number of employees quickly tripled, as did their sales by ways convincing people to spend large amounts of money on no-good stocks. Jordan first got his famous name after an issue in Forbes Magazine refers to him as the Wolf of Wall Street, which only increased his publicity even more. Jordan and his friends became so tremendously wealthy and spent loads on parties, prostitutes, and drugs. Through the beginning of Jordan’s career his wife, Teresa, was supportive but timid about Jordan’s ways of scamming people. They end up divorcing after she discovers his affair with a woman named Naomi, whom he marries and has a child soon after. Jordan soon begins to obtain his money illegally, and notices the FBI is watching his back. He turns to Naomi’s Aunt Emma and his friend Brad’s wife and in-laws to hide money in a bank in Switzerland. Aunt Emma and the wife and in-laws, have citizenship in other countries, therefore they are not a target for American agents. When Two of his…
Tan is a millionaire and famous person in Thailand. He was born in Penang, Malaysia. He wanted to own a business when he was young because he wasn’t rich and he had nothing. He didn’t graduate from bachelor’s degree. He started working as an unskilled laborer for B700 per month. After 5 years, he was promoted. Then he quit his job as a supervisor to start his own business as a newsstand owner. He started all his businesses from scratch .e.g.: he owned a coffee shop and sukiyaki restaurant. In 1997, he went from being a millionaire to being ฿100 million in debt. He had to sell everything and start a whole new business. His thinking about humans always needs to eat, feel good looking and we’re all afraid to die. Then he talked to Khun Wanchai Chirathivat, Chairman of Central Group. He mentioned a buffet restaurant. So, he built Oishi buffet without even knowing what the original one looked like. Oishi buffet is successful business. Then he quit Oishi because he wanted to start something new. That is Ichitan brand is a beverage company. Then he had a big problem with his company because his factory flooded on 2011. He donated his water and a lot of money to help other person who was affected by flood when his factory flooded. Nowadays he is very popular and most of people be satisfied…
The Wolf Of Wall Street centers on the life of materialistic stock broker Jordan Belfort; a guy in his mid twenty's whose aspiration in life is to get as rich; high and drunk as possible. The film starts by showing Jordan who founded the investment firm Stratton Oakmont in an abandoned garage in Long Island, NY with the help of Donnie Azoff played by Jonah Hill, and eventually leads to the success of owning a large office space with hundreds of aspiring stockbrokers. After the companies enormousness success it shows Jordan and company swindling there way to a large personal fortune. A large amount of money went in to funding a drug fueled social life.…