1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
Which statement best explains how geography contributed to t
katovenus [111]
It’s A

Hope fully this helps!!
4 0
2 years ago
Read 2 more answers
Why are the no locks on the Suez Canal the answer is B. The elevation of the Red and Mediterranean Seas are about the same.
WINSTONCH [101]

Answer:

<h2>I think that b is the correct answer the correct explanation to this is to not trust me because I am only a 20 percent sure!!</h2>

Explanation:

4 0
3 years ago
How did the Columbian Exchange negatively impact Native Americans
mote1985 [20]
The Columbian exchange was the arrival of new species in the Old and the New Worlds. Among the many species that arrived in the New World were the bacteria and viruses that were causing many illnesses but to which the Old World people were immune. The Native Americans were not immune so many of them, by some estimates even 90 %, died.
7 0
3 years ago
8. Millsaps College was founded as a ______
scoray [572]

Answer:

Millsaps College was founded as a <u>private </u>coeducational institution but later became  affiliated with the <u>Methodist Church .</u>

Explanation:

Millsaps College is a liberal arts college in Jackson, Mississippi. It was founded by Major Reuben Webster Millsaps in 1890. <u>It started as a private institution and is, to this day, a private college.</u>

<u>Millsaps wanted college to be Christian, so he offered the monetary gift to the Methodist community in return for the help with establishment. </u>

<u>The college stayed private but started an affiliation with Methodist Church that still exists today. </u>The college is opened for all students despite the religious background but has various initiatives and centers for Methodist learning.

4 0
2 years ago
Three-year-old Christian follows his father around with his toy tools while his father is making some home repairs and mimics hi
Sphinxa [80]

Answer:  Erickson's second stage of  development- Autonomy vs. Shame and Doubt

Explanation:

According to Erickson's theory of psychosocial development  Christian is accomplishing tasks associated with The second stage of  development- Autonomy vs. Shame and Doubt which takes place usually from 18 months to three years.

In this stage, children develop a sense of independence and willful exploration and sense of personal control. They  can perform little tasks on their own and take decisions on what they prefer to also parents and guardians  can help then develop autonomy by allowing them make their choices.

If they are discouraged or scolded for mistakes in courses of thier actions, may develop shame and doubt and struggle with a sense of personal control.

3 0
2 years ago
Other questions:
  • One rule of thumb you should use when entering a freeway is:
    9·1 answer
  • Ted has brain damage after an accident. although he can clearly remember everything from before the accident, he forgets what pe
    7·2 answers
  • Who is the second highest office of state 42 in 50 states ?
    7·1 answer
  • At the sixth grade dance, angelina was taller than the other girls and literally towered over the boys. while she was anxious th
    6·1 answer
  • What are the two riskiest investments
    9·2 answers
  • How old is the religion of Catholicism?
    7·1 answer
  • How are the media most influential in determining what people think and care about?
    11·1 answer
  • You are standing outside with a friend as an airplane flies over your head. You watch as the plane appears to get smaller and sm
    9·2 answers
  • The best fiscal policy for a country suffering from high inflation is: contractionary fiscal policy, which includes decreasing t
    5·1 answer
  • True or False: This funding structure incentivizes schools to seek out and serve lower-performing students. True False
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!