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olga_2 [115]
2 years ago
7

Explain how the unethical behavior and actions of bernie madoff and his associates lead to the bilking investors out of billions

of dollars.
Social Studies
1 answer:
AleksAgata [21]2 years ago
5 0

The biggest Ponzi scam in history was carried out by American banker Bernard Lawrence "Bernie" Madoff, who defrauded thousands of investors out of tens of billions of dollars over the course of around 17 years.

Madoff recruited investors by promising to provide significant, consistent profits using a legal trading approach known as split-strike conversion. However, Madoff put client money into a single bank account, which he then used to pay returning customers.

When the market drastically declined in late 2008, he was unable to continue the deception. He paid redemptions by luring new investors and their funds.

In the scam Madoff just put their money of the investors in a Chase Manhattan Bank account, which was later combined to form JPMorgan Chase & Co. in 2000.

To learn more about Bernie Madoff scam, refer

brainly.com/question/5475304

#SPJ4

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Spanish conquistadors were not concerned with Native American uses of peyote. Please select the best answer from the choices pro
Veseljchak [2.6K]

During the quest, it is true that the Spanish conquistadors were concerned with Native American uses of peyote

The term "Spanish conquistadors" is used to describes the group of Spanish men that conquer and subjugate the native populations in America.

  • Also, the peyote was a sacred medicine used as religious sacrament for many year before the Spanish conquer the Native American.

In conclusion, during the quest, it is true that the Spanish conquistadors were concerned with Native American uses of peyote

Read more about peyote:

<em>brainly.com/question/10683382</em>

4 0
2 years ago
50 POINTS!! HELP PLEASE!!
Yuri [45]

The motto of the era was “Enrich the Country and Strengthen the Military” and at the helm of this effort was Emperor Meiji.

"With Emperor Meiji’s ascension to the throne in 1867, japan theoretically restored power to the emperor, but because he was only 15 years old he had little governing power. Instead, the power rested with the new government consisting of a small, close-knit cabinet of advisers. This new cabinet immediately began implementing a series of reforms to both strengthen and unify Japan. One of their largest concerns was that Japan would not be able to regain its sovereignty if it did not modernize. With the recent display of the superior armament of the United States military with Commodore Perry in 1853, such concerns were not unfounded.

The goals of the early leaders of the Meiji era were ambitious, as they established new economic, political, and social institutions that governed Japan through World War II. The majority of these reforms were greatly influenced by the West, but they never deviated significantly from Japan’s cultural and historical roots. Perhaps most dramatically, it abolished the old system of a social hierarchy based on inherited status. For example, samurai, who historically were recognized as a warrior class, could now be farmers and engage in trade and commerce, and townspeople could now join Japan’s new army." - can be found in this article https://www.facinghistory.org/nanjing-atrocities/nation-building/meiji-period-japan

4 0
2 years ago
How did the Hundred Years’ War affect the French Government?
PolarNik [594]

Answer:

Try "The French Government Became An Absolute Monarchy"

Explanation:

3 0
3 years ago
Read 2 more answers
Suppose we can divide all the goods produced by an economy into two​ types: consumption goods and capital goods. Capital​ goods,
gayaneshka [121]

Answer:

C

Explanation:

3 0
3 years ago
Read these statements then answer the following question: I. Concept maps are only helpful when synthesizing information for aca
Jet001 [13]

Answer:

III. Concept maps help you record connections between ideas and sources.

IV. Concept maps are visual organizers of ideas.

Explanation:

A concept map is a graphical visualization tool in which knowledge (abstract ideas) are organized by using boxes or circles having specific colors, and the relationships between these abstract ideas are illustrated by connecting either arrows or lines.

In a concept map, the boxes or circles represents concept while the arrows or lines represent the relationship between them. The concept map was designed and developed in 1972 by Joseph D. Novak.

Hence, the following statements are true and correct about the concept maps;

1. Concept maps help you record connections between ideas and sources.

2. Concept maps are visual organizers of ideas.

3. Concept maps are helpful when synthesizing information for both academic research and non-academic purposes.

4. Concept maps are not generally included in a final paper.

<em>Generally, concept maps help users to enhance their critical thinking skills, improves reasoning, identify and visualization of priorities, enhance high-order understanding etc.</em>

5 0
3 years ago
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