Which of the following statements about the Bernie Madoff ponzi scheme is false?
a. Madoff too advantage of his unique ties to the investment community (he was the former Chair of the NASDAQ) to create trust and encourage further investments.
b. Madoff began perpetrating the fraud shortly before passage of the Sarbanes-Oxley Act, and the provisions of that Act ultimately led to discovery of the fraud.
c. Madoff was sentenced to 150 years in prison.
d. The estimated amount missing from client accounts, including fabricated gains, was almost $65 billion.
b
You might also like to view...
The cashier usually reports to the controller
Indicate whether the statement is true or false
Name and explain the two foundational principles of the Caux Principles.
What will be an ideal response?
List the five guidelines for parking design described in the chapter
What will be an ideal response?
Describe how a group should practice its presentation. Also discuss guidelines for critiquing the practice