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Bernard Madoff Theory

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Bernard Madoff was one of the most biggest ponzi scheInmer in American History. According to Biography.com Editors article Bernard Madoff Biography Bernard Madoff was born on April 29,1938 in Queens, New York to Ralph and Slvia Madoff (Biography.com Editors). Also, Bernard Madoff went to Far Rockaway High school in 1952 where he was on the swim team and he also had a job being a lifeguard at Silver Point Beach Club at Long Island, New York (Biography.com Editors). The authors continue to say, after he graduated from high school he went to Alabama University for his freshman year and than he transferred to Hofstra University to finish his degree in political science (Biography.com Editors). Furthermore, Bernard Madoff was also the chairman …show more content…

I think utilitarianism basically means that doing what is right should be placed above all else. In Barnard Madoff case he stood against everything utilitarianism stood for. An example would running an illegal ponzi scheme he was not thinking about how the people he was taking money from were feeling he wanted it all for himself no matter how many people he had to step on to get it. According to Heather Salazar article Bernie Madoff: Greatest Ponzi Scheme in U.S. History she said Madoff was not interested in doing the right thing at all and because of this he let a lot of people down and caused a lot of unhappiness because of it (Salazar). If Bernard Madoff were to do the right thing he would not be in jail right now and if he couldn 't make the same amount of money was making illegally he would still be making a decent amount of it and it would have been clean instead of taken unwillingly from …show more content…

One of the principal that Immanuel Kant known for is Categorical Imperative where he had variations of it and Immanuel Kant said one of directs us to Act always on that maxim or principle (rule) which ensures that all individuals will be treated as ends-in-themselves and never merely as a means to an end. This principle can be applied to Barnard Madoff simply asking the question of weather Madoff did rational? This can be easily argued but personally I feel that it is not rational at all. First of all he was running the Ponzi scheme and everything was going great he must have known eventually someone would catch on and find out everything he was doing. Also, According to Heather Salazar article Bernie Madoff: Greatest Ponzi Scheme in U.S. History she said Madoff was not making rational decisions (Salazar). This proves Kant 's point because he stated that any act that is not rational couldn’t be good act in any way. This applies perfectly to Bernard Madoff because Madoff might have thought that he could outsmart everyone it was only some time before he was

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Now that you're mindful of where the expression "Ponzi plan" originates from, you'll show signs of improvement comprehension of Bernie Madoff and his unscrupulous play! Bernard Lawrence Madoff was conceived on April 29, 1938, in Queens, New York, to folks Ralph and Sylvia Madoff. Ralph, the offspring of Polish settlers, worked for a long time as a handyman. His wife, Sylvia, was a housewife and the little girl of Romanian and Austrian migrants.

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