Research the alleged illegal and unethical activities of Bernard Lawrence “Bernie” Madoff, the former Chairman of the NASDAQ. You are to write a 4-7 page report that answers the following:
- Describe three types of illegal business behavior alleged against Mr. Madoff and for each type of behavior, explain how the behavior is illegal or unethical in the conduct of business.
- Name three types of parties who were impacted by the actions of Mr. Madoff and describe how they were impacted.
- Describe three business safeguards (risk management) that may have prevented the harm caused by Mr. Madoff.
- Describe three ways private investors might have better protected themselves from risk.
- Describe three legal actions that possibly may be brought against Mr. Madoff under criminal or civil law.