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Greed: Bernard Madoff's Ponzi Scheme

358 Words2 Pages

According to Slatter (2014), greed is a selfish desire to crave something that is not needed. The need can be for money, power, or wealth. Based on Bernard Madoff’s interview with MarketWatch, I would say he created a Ponzi scheme because of greed that later on he wanted to get out of but didn’t know how. He positioned himself in top positions to build his credibility and develop trust among people. He served as chairman of the NASDAQ a few years in his career. The NASDAQ allowed him to become more visible to top executives and other people in high places. This stock exchange made it possible for people to buy and sell stocks using an automatic computer network system (Hom, 2012). This attribute was an achievement because he fought for regulatory

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