Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

the Wall Street Journal's (WSJ) podcast, The Journal, April 16, 2021 episode entitled The Legacy of Ponzi Schemer Bernie Madoff (21:05). You can access podcasts

the Wall Street Journal's (WSJ) podcast, The Journal, April 16, 2021 episode entitled "The Legacy of Ponzi Schemer Bernie Madoff" (21:05). You can access podcasts for free on Apple Podcasts, Google Podcasts, Spotify, Stitcher, or any other podcast app. Link here: https://www.wsj.com/podcasts/the-journal/the-legacy-of-ponzi-schemer-bernie-madoff/286f755f-2fe8-4ab9-9435-0521f9f267c8. In this episode of The Journal, Ryan Knutson and Jamie Heller, both of the WSJ covers the recent death of Bernie Madoff. Madoff, notorious for running the largest ponzi scheme ever in history died while serving out his 150-year sentence in federal prison. Madoff was 82 years old. Please listen to the entire podcast episode and create a thread answering the following questions. This post is worth 5% of the course grade. Posts will be graded for critical thinking, clarity, and spelling and grammar. Please write in complete sentences and answer the questions fully. 1. The episode discusses various facets of Madoff's persona and "business" that helped sustain the ponzi scheme over multiple decades. Which element of Madoff's persona/operations do you feel helped most to propel the fraud over such a long period of time? Why do you feel this way? 2. Madoff's money management firm consistently "yielded" 8-12% returns, which at many times beat the

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

23rd Edition

978-0324662962

More Books

Students also viewed these Accounting questions