The University of New Orleans Ponzi Schemes and Investment Decisions Questions

For this assignment, you will examine the ethical failure that was Bernie Madoff’s Ponzi scheme.  Watch this documentary:  

http://www.pbs.org/wgbh/frontline/film/madoff/

(Links to an external site.) and submit a paper on the following:

1-Briefly summarize how the Ponzi scheme began and how it worked.

2-Using specific information from the documentary, please explain why, in your opinion, Bernie Madoff got away with the Ponzi scheme for so many years.

3-What standard should an individual investor be held to in these circumstances?  Is it the government’s job to ensure that the investor makes good financial/investment decisions?

4-Why is this a good lesson/case study in ethical business practices?

5-In your opinion, who was the LEAST credible person interviewed and why?