Crime Typologies

Baudelia Gomez November 2, 2011 CRMJ400 Crime Typologies The Ponzi scheme of Bernard Madoff was the largest financial fraud in U.S. history. It ruin the lives of thousands of investors (Teather, 2009). Many mickle had their life-savings wiped out, were living off food stamps, committed suicide, selling their homes, and so many more tragedies of peoples lives ruined. Bernard Madoff masterminded a $65bn fraud and the way he did it was because most people dont know how to read financial records and ar soft cowed by supposed experts obfuscation (Freeman, 2009). This Ponzi scheme is important because it ordain prevent big time frauds, like the one Bernard Madoff achieved. Its also important so that there will be a more intense monitor on accounts that investors, stockbrokers, and entrepreneurs have. people would also need to increase their know takege on stocks and what they are investing in. The family of Madoff said they would never forgive him for committing the biggest fraud in Wall Street history (Family spurs conman Madoff, 2011). The scheme also led to his second sons suicidal, which Madoffs wife felt up responsible for because both of her sons had told her to leave him. Bernard Madoff also states that he is happier in prison than fearing a policemans knock on the door.

According to Walters, Madoff said that he felt safer here than outside, and suffered nightmares over what he had put his family through, But he no longer lived in fear of being arrested. Every at once in a while I find myself smiling, and Im horrified, he said (Will, 2011). Ruth Madoff, Bernard Madoffs wife, received nauseate mail and angry phone calls due to her husbands scheme. Ruth says that her and her husband tried killing themselves by fetching a bunch of pills, but both woke up the neighboring day. She says the decision was very impulsive and shes glad they didnt die (The Associated). malingerer is when a person intentionally deceits to damage an individual... If you want to go away a full essay, order it on our website: Orderessay

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