Case Study Bernie Madoff Case
The Bernie Madoff case had several red flags. Mr. Madoff wife Ruth Madoff was the biggest red flag of them all. It’s amazing to me how she was not aware of the Ponzi scheme that was being committed by her husband every day. Something of this magnitude would be very difficult to hide. Mr. Madoff already had a legal investment business. The business was buying and selling over the counter stock that was not listed on the New York Stock Exchange (NYSE). These were traded over the telephone not with the automated system. The best way to explain the Bernie Madoff situation egoism. First let’s define the word egoism. Right or acceptable behavior in terms of the consequences for a person. The egoism brings alone an application of power, pleasure,
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