Business Ethics - PowerPoint PPT Presentation

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Business Ethics

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  1. Story Map -Started his business with only $5,000 -He became very wealthy -Was a Wall Street Tycoon -He paid investors with principals received from other investors Setting: Manhattan, NY Character: Bernard Madoff Problem: Ponzi scheme -He schemed investors out of $50 Billion, called the Ponzi Scheme -It was the largest swindle in Wall Street History -He was turned in by 3 senior managers, 2 of them were his sons -If convicted, he faces upt to 20 years in prison and $5 Million in fines -He ended up with nothing