are very disappointing. The two parts appear to be strongly divided and in deep turmoil. Who has inspired me as a voter‚ and who has put up the best‚ and most honest fight to be in office is Bernie Sanders Of the remaining candidates‚ only three remain. Currently at battle for the democratic nomination are Bernie Sanders‚ and Hillary Clinton. The republican party has already chosen business entrepreneur Donald Trump. These candidates make an odd trio‚ being the fact that they will all be ‘first times’
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Bernie Madoff’s $50 Billion Ponzi Scheme Who is Bernie Madoff The Madoff investment scandal is the Ponzi scheme that former NASDAQ chairman Bernard Madoff confessed to in 2008. On March 12‚ 2009‚ Madoff pled guilty to 11 federal crimes and admitted to operating what has been called the largest investor fraud ever committed by an individual. On June 29‚ 2009‚ he was sentenced to 150 years in prison with restitution of $170 billion. According to the original federal charges‚ Madoff said that his
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What power bases did Bernie Ebbers and Scott Sullivan rely on to get away with accounting fraud? The power bases are legitimate power‚ reward power‚ coercive power‚ expert power‚ referent power. Case Study Bernie Ebbers built WorldCom Inc into one of the largest telecommunication firms. Yet he and CFO Scott Sullivan have become better known for creating a massive corporate accouting fraud that led to the largest bankruptcy in US history. Two investigative reports and subsequent court cases concluded
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Bernie Madoff’s $50 Billion Ponzi Scheme Named after con man Charles Ponzi‚ a Ponzi scheme is a fraud of investment‚ which appeals to investors due to the promise of high returns with little to no risk. Investors believe they are receiving profits however they are merely receiving principal of new investors. In order to be successful‚ the old investors must not withdraw large sums of money at a given time‚ and there must constantly be an inflow of money from new investors contributing to the
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Bernie Madoff‚ former chairman of the NASDAQ Stock Exchange ran one of the biggest Ponzi schemes in U.S. history (Stanwick & Stanwick‚ 2015). Madoff took money from many people and organizations who invested in his fake company promising them above average returns for their investment. Using a small staff along with a couple of family members Bernie Madoff was able to scheme millions of dollars from over 13‚000 people all over the world only to benefit from the scheme leaving others penniless and
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Power of context In the 1980s‚ the City of New York was a City polluted with waste and graffiti‚ where people would always get away with committing a crime. In Malcolm Gladwell’s essay “The Power of Context: Bernie Goetz and the Rise and Fall of New York City Crime” gives us a probable explanation of how a change like this can happen. The essay is an environmental argument‚ with varying kinds of a seemingly endless amount of verification‚ which suggests that crimes can be prohibited depending on
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rates of income inequality. Income inequality has been rapidly rising in America since the late 1970s. Income inequality has a host of social-economic consequences‚ and the topic has become a cornerstone issue for the socialist senator from Vermont‚ Bernie Sanders. His campaign is heavily focused on the economy‚ but more than that‚ his economic policies are heavily focused on reversing the upward trend in income and wealth inequality. Sanders has made it clear that tackling income inequality is a critical
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“Seven in 10 seniors (69%) who graduated from public and nonprofit colleges in 2014 had student loan debt‚ with an average of $28‚950 per borrower. (Student Debt and the Class of 2014).” Presidential hopeful Bernie Sanders has a very audacious idea that could possibly fix this growing problem. Sander’s unique charisma‚ reminiscent of the sixties‚ is reinvigorating young voters who are very fond of his plan to pay collage tuition. His idea deals with economic concepts such as‚ the government’s fiscal
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Bernard Madoff is an egoist because he was only interested in making money for himself. He stole 6.5 billion dollars and 2.4 trillion dollars was gone. He deposited the money he stole in his bank accounts. The accounts were spread all over the countries. His wife had access to those accounts and pulled out all of the money‚ instead of offer to give families some of their money back. Madoff was worried himself and his family. He was taking money from others so he could have a nice life. Bernard Madoff
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was Bernie Sanders a Democratic candidate for President of the United States. As mayor of Burlington‚ Bernie’s leadership helped transform Burlington into one of the most exciting and livable small cities in America. Under his administration‚ the city made major strides in affordable housing‚ progressive taxation‚ environmental protection‚ child care‚ women’s rights‚ youth programs and the arts. Below are reasons why I believe him to be a great candidate for presidency. In Congress‚ Bernie has
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