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Bernie Madoff Ponzi Scheme

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Bernie Madoff Ponzi Scheme
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Bernie Madoff Ponzi Scheme

Communications II
Formal Report

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Table of Contents
Cover Page…………………………………………………………………………………..page 1
Title Page…………………………………………………………………………………….page 2
Introduction………………………………………………………………………………..page 4
What is a Ponzi Scheme?.................................................................page 5 Origine of the name Ponzi Scheme……………………………………..page 6
How did he do it?.........................................................................page 7-8
How did he get caught?.............................................................page 9-10
Who did it affect?.....................................................................page 11-12
Conclusion…………………………………………………………………………………page 13
Recommendation………………………………………………………………………page 14
Bibliography/Sources…………………………………………………………………page 15

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Introduction

Can you trust anybody with your money? Only 5 years ago, the largest, longest and most widespread financial scheme in history, took place: The Bernie Madoff Scandal. Bernie Madoff was found guilty for robbing his investors of billions of dollars. He didn 't just con fat-cat billionaires and celebrities (such as Kevin Bacon and Steven Spielberg); individual investors, banks and even charities lost money in the scheme. In this report I will be bringing you on an adventure to dig up the truth of what really happened back in 2008. We will determine how Bernie and his accomplices achieved their goal, learn how people suffered from this scandal and discover how Mr. Madoff’s scheme came crumbling down before his very own eyes.

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What is a Ponzi Scheme?
A Ponzi scheme is a deceitful investment operation that pays returns to its investors from their own cash or the money paid by future investors, instead of from profit attained by


Bibliography: The Associated Press December 15, 2008 John Carney December 15, 2008 Inside Story December 17, 2008 Inside Story March 12, 2009
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