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 broke and some organizations
Premium Ponzi scheme Bernard Madoff Finance
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
Premium Ponzi scheme Bernard Madoff Fraud
Charles Ponzi .. The Scandal !!! By: Rawan Al-Deraibi Class of: Prof. Alan J. Pan Who is Ponzi?!! Born in 1882 in Parma‚ Itlay‚ Charles Ponzi was the infamous swindler who payed out returns (To give money in exchange for goods or services) with other investors’ money. The "Ponzi scheme" is named after him. After running a highly profitable and expansive investment scheme‚ Ponzi was arrested on August 12‚ 1920‚ and charged with 86 counts of mail fraud. Owing an estimated $7 million‚ he pleaded
Premium Ponzi scheme Charles Ponzi
Earl Woods “The night that Tiger won his second U.S. Amateur in 1995‚ Earl Woods made a prediction. “Before he’s through‚ my son will win fourteen major championships… “Earl was prone to over-the-top statements… thirteen summers later‚ Tiger is there. Fourteen“(Smiley 275). Before the quotation is mentioned‚ Tiger has just won his 14th major championship‚ and 65th tournament as a professional. The man who says the quote is Tiger Woods’ father‚ Earl. He is talking to group of reporters‚ claiming
Premium Tiger Woods
The Life Of Earl Warren A Biography Language Arts Research Project By Andrew Pedersen Earl Warren was a kind strong man. He was the Chief Justice on the U.S. Supreme Court. In this report you will learn about his‚ early life‚ education‚ career‚ claim to fame‚ death. Earl Warren was born on March 19‚ 1891 in Los Angeles‚ California. His parents were Methias Warren and Crystal Hernlund. During elementary school Earl’s dad told him that the family was too poor to give him
Premium Richard Nixon
Awesome Student Professor English Date Earl Sweatshirt Earl Sweatshirt also known by his government name‚ Thebe Neruda Kgositsile was born on February 24‚ 1994. Earl Sweatshirt was born to Cheryl Harris‚ who is a law professor at University of California‚ Los Angeles‚ and Keorapetse Kgositsile‚ a South African poet and political activist. When Earl was about 6 years of age‚ his father decided to leave back to South Africa and left his family in Los Angeles. Earl grew up in the area of Los Angeles and
Premium Twitter Release 2012
Sahara and Ponzi schemes: What are the parallels? Dr KM Abraham‚ a former Whole-Time member of the Securities Exchange Board of India (Sebi) – the man whose original order led ultimately to a Supreme Court verdict forcing the Sahara Group to wind up two bond schemes and repay investors over Rs 24‚000 crore – made a brief allusion to Ponzi schemes in his order. While ordering two Sahara group companies‚ Sahara India Real Estate Corporation (SIREC) and Sahara Housing Investment Corporation (SHIC)
Premium Ponzi scheme Fraud
Earl of Spencer’s Eulogy Precis In his eulogy‚ the Earl of Spencer asserts that Diana was a very accomplished woman who’s treatment by the media ultimately led to her death. He supports his argument by first establishing his strong understanding of her character‚ flaws and all‚ creating common ground with the audience and lending his argument credibility. In the second half of the piece he uses personal accounts to describe how the media hounded Diana & the mental toll that created up until her death
Premium
Character Description Memento Mori: Earl In “Memento Mori” by Jonathan Nolan‚ the reader is introduced to an intriguing character by the name Earl. Earl is an average‚ “run of the mill” man‚ who (like most others) has a few quirks that set him aside from the crowd. The beginning of the story reveals that Earl’s wife was murdered. Like most strive to do‚ Earl strives for revenge for her death. He takes the initiative to seeking out his revenge by attempting to track down the murderer.
Premium Christopher Nolan Personality psychology Person
and that total is steadily rising.1 A particular optometry pioneer‚ Dr. Earl Smith III‚ OD‚ PhD‚ has worked diligently throughout his career to aid the children of myopic parents from developing the condition. Dr. Smith has made multiple important contributions to the field of optometry and continues to today at the University of Houston. His career began many years ago‚ and his spirit to help started at a young age. Dr. Earl Smith was born in the late 1940s in Norfolk‚ VA after World War II had
Premium Medicine Health care Health