Investment Fraud: The Case Of Bernie Madoff

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Investment frauds are targeting individuals by misleading them using convincing false arguments into making investment decisions. Most people believe that just because they are smarter than the regular or more prosperous, they are less likely prone to investment fraud, however the reverse is actually true. Anybody can engage in fraud at a range of levels and the penalties may include fines, prison time and suspension of trading licenses.
The case of Bernie Madoff has been chosen as my case study since it is one of the biggest investment fraud occurred in history in the US and internationally. The scandal had a major impact affecting more than 15,000 investors and over 147 private foundations with an estimated losses of $50 billion.
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