Case study The Case of Bernard Madoff (located at the end of Unit 5 READ)

Case study The Case of Bernard Madoff (located at the end of Unit 5 READ)

1. New developments have emerged since this case study was written. Using valid peer-reviewed sources on the Internet, update facts in this case with more current information. How do these new facts reflect changing social attitude towards the investment industry?
2. What are the ethical issues involved in the Madoff case?
3. Do you believe that Bernard Madoff worked alone, or do you think he had help in creating and sustaining his Ponzi scheme? Would this represent a conflict of interest?
4. As either a member of Bernie Maddof's family, or as one of his investment feeders, to what extent should you be held responsible for the losses of the investors? Support your opinion with moral philosophies from the reading assignment.