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Summary Of The Bernie Madoff Ponzi Scheme

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Being a Registered Investment Advisor, the Bernie Madoff Ponzi scheme has been an interesting fraud case to study. Moreover, Ponzi schemes are a type of social network where investors are influenced through a social tie (Nash, Bouchard, Malm, 2017). Furthermore, Bernie Madoff utilized a Ponzi scheme to entice investors by guaranteeing unusually high investment returns. In addition, to avoid having numerous investors reclaim profits the Ponzi scheme encourage the investors to stay invested with the promise of larger returns (Yang, 2001). Additionally, Ponzi scheme ran by Bernie Madoff, used the money from new investments to pay off the promised returns to older investors. In the Madoff Ponzi scheme, things started to deteriorate after
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