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
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Answer:False,The document that commands a Defendant to appear in Court and defend themselves in a lawsuit is known as the summons
Explanation:A plaintiff will file a complaint through the court clerk who will then issue a summons to the defendant with an instruction to the defendant to respond.
Summons, which are also called Citation, in law, this is a document that a court issues to a person to appear in court at a stipulated time for whatever written particular purpose. It can straight to the defendant or a law officer who will attend to all the instructions written there. Summons requires that a person respond to a complaints that has been filed against them.
To understand you need to know exactly where we live in neighborhood of the Milky Way Galaxy. As we are part of the solar system Earth pretty much follows the path of the sun as it goes through its own orbit around the galaxy. The Milky Way is a spiral galaxy type so it has arms sort of like an octopus
Answer:
the social learning theory
Explanation:
Social learning theory: In psychology, the term "social learning theory" was proposed by one of the famous psychologist named Albert Bandura, and is described as a phenomenon through an individual tend to learn behaviors form another person through modeling, observation, imitation, etc.
The social learning theory is also referred to as one of the existing bridges between the cognitive and behaviorist learning theories as it involves motivation, attention, memory, etc. It states that human beings are involved in a reciprocal interaction between environmental, cognitive, and behavioral influences.
In the question above, the given scenario best illustrates the social learning theories.
