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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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Jaysthiti malla and ram shah was the key figure of rulers of nepal ​
Sonbull [250]

Explanation:

The early Malla period, a time of continuing trade and the reintroduction of Nepalese coinage, saw the steady growth of the small towns that became Yein Kathmandu, Yala Patan, and Khowpa Bhadgaon. Royal pretenders in Yala and Khowpa struggled with their main rivals, the lords of Bhota: Banepa in the east, relying on the populations of their towns as their power bases. The citizens of KHowpa viewed Devaladevi as the legitimate, independent queen. The betrothal in 1354 of her granddaughter to Jayasthiti Malla, a man of obscure but apparently high birth, eventually led to the reunification of the land and a lessening of strife among the towns.[citation needed]

By 1370 Jayasthiti Malla controlled Yala, and in 1374 his forces defeated those in Bhota and Yangleshö Pharping. He then took full control of the country from 1382 until 1395, reigning in Khowpa as the husband of the queen and in Yala with full regal titles. His authority was not absolute because the lords of Bhota: were able to pass themselves off as kings to ambassadors of the Chinese Ming emperor who traveled to Nepal during this time. Nevertheless, Jayasthiti Malla united the entire valley and its environs under his sole rule, an accomplishment still remembered with pride by Nepalese, particularly Newars. The first comprehensive codification of law in Nepal, based on the dharma of ancient religious textbooks, is ascribed to Jayasthitimalla. This legendary compilation of traditions was seen as the source of legal reforms during the 19th and 20th centuries.[citation needed] He is also the first king to start commercial education in Nepal.[4]

6 0
3 years ago
GIVING BRAINIEST IF CORRECT!!!!
kvv77 [185]
Number 1 I know is correct
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2 years ago
What color is space when you see it in [person]
Savatey [412]

Answer:

Im gonna say ***Black***

Explanation:

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3 years ago
Which leg of the triangular trade became known as the "middle passage"?<br><br> 2<br> 1<br> 3<br> 4
nydimaria [60]
The answer is 3 glad I could help
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Juli2301 [7.4K]

Answer:

letting the toy car roll down a ramp

Explanation:

correct me if im wrong

hope its help

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