For bernard l madoff there was also his multimillion-dollar

Assignment Help Accounting Basics

Reference no: EM13606841

Some say that Bernard L. Madoff is the biggest financial fraud in history. The New York Times gives us some background on Mr. Madoff

"For Bernard L. Madoff, there was also his multimillion-dollar private foundation that doled out money to hospitals and theaters. Indeed, through his charity work at places like the Gift of Life Bone Marrow Foundation or his public service at institutions like Yeshiva University, where he served on the board, Mr. Madoff seemed to have created a stainless persona of integrity and trust. And that fit with his rate of return, which was never attention-grabbing, just solid 12-13 percent year in, year out."

How did Mr. Mandoff keep his new investments at such a high rate of return and keep paying off investors and giving to charities? Explain how he was able to do what he did financially so long.

Reference no: EM13606841

Questions Cloud

A 1320-kg car is traveling with a speed of 180 ms what is : a 1320-kg car is traveling with a speed of 18.0 ms. what is the magnitude of the horizontal net force that is required

Nikita companys financial statements show the following the : nikita companys financial statements show the following. the company recently discovered that in making physical counts

What is the yearly cost in the terms of lost rental income : a new building to be located in a cold climate is being designed with a basement that has an l200 mm thick wall. inner

The random variable x has a binomial distribution with : the random variable x has a binomial distribution with parameters n100 and p0.10.what distribution model would be

For bernard l madoff there was also his multimillion-dollar : some say that bernard l. madoff is the biggest financial fraud in history. the new york times gives us some background

A total of 427middot106 electrons are placed on an : a total of 4.27middot106 electrons are placed on an initially uncharged wire of length 3.41 m. what is the magnitude of

The random variable x has a poisson distribution with mean : the random variable x has a poisson distribution with mean 40. give an approximate value of the probability p 37 less

Sketch the process on a p-v diagram indicating the relative : a piston-cylinder arrangement initially contains water at p 300 psia and t 500of. the piston is moved to a final

In this problem we explore the effect on the standard : in this problem we explore the effect on the standard deviation of adding the same constant to each data value in a

User Account

All Pages