Bernard Madoff's Ponzi Scheme

281 Words2 Pages
In my opinion, Bernard ‘Bernie’ Madoff’s Ponzi scheme was too carefully thought out to be considered a short-term strategy as a means to get ahead. Instead his scheme was fueled by greed and eventually caught up with him and those who were involved with his firm’s unethical behavior. I presume Madoff’s greed for wealth transpired from his moral philosophy of “if we act rich, we become rich”, which was to appeal to others as being more wealthy than e and his family were (cite). In order to keep up appearances, both personally and professionally, Madoff needed to continue the unethical behavior via fraudulent financial activity to account for the movement of funds, which is not in compliance with the regulations set by the U.S. Securities and
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