Author name: Rosemary Mosco

Option #2: Bernie Madoff Reference the Madoff 10 Years Later: Ep. 1 | Madoff Behind Bards (Links to an external site.) (Links to an external site.) video. A Ponzi scheme occurs when a fraudster uses deposits of new investors to pay off previous investors; no real investing is happening. A Ponzi scheme will collapse if new clients don’t invest, or their investments are too small to fund a decent return to previous investors. Ponzi schemes are based on trust and greed. The fraudster develops trust by building a relationship with the investors. The fraudster usually gains trust through their actions, their professional, social, or religious affiliations, and personal references. Fraudsters exploit the greed of their investors, who see a chance to obtain higher returns than usual. Because the investors trust the fraudster, they do not perform their normal due diligence. In March 2009, Madoff pled guilty to 11 federal crimes and acknowledged turning his broker-dealer business into a substantial Ponzi scheme that defrauded investors out of billions. Federal investigators believe that the fraud began as early as the 1980s and the whole thing was possibly never legitimate. The fraud totaled almost $65. On June 29, 2009, Madoff was sentenced to the maximum 150 years. In 2021, he died in prison. Madoff was once the chair of NASDAQ and often spoke about the securities industry on CNBC. Madoff took advantage of his connections in the investment community and made it seem like it was an honor to invest with him. A Ponzi scheme can only work if plenty of funds are brought in year after year to pay off previous past investors; as such, Ponzi schemes grow exponentially until they collapse. Until that collapse, Madoff had a luxurious lifestyle. Madoff pulled this off by omitting all the transactions from his formal books. He hired a CPA firm to audit the books, but that audit didn’t really occur. In fact, the CPA was violating independence requirements by being an investor in the fund himself. For a fund of its size, it would normally be audited by a very large, high-quality audit firm. The investors were greedy and enjoyed the higher returns instead. They trusted Madoff, so they didn’t perform the typical due diligence with a verifiable external audit. It is alleged (as reported on a CNBC Primetime Special) that one of Madoff’s investors was with the Russian mob and Madoff chose to turn himself in and plead guilty because he feared for both his life and that of his sons. Many have speculated that his sons helped him orchestrate the fraud: both died within a few years of the fraud being revealed. As a result of this fraud, the Public Company Accounting Oversight Board (PCAOB) began requiring broker-dealers to obtain audits using firms registered with the PCAOB, and the PCAOB now sets standards for audits of broker-dealers. Required: Please respond to the following questions: How would you describe a Ponzi scheme? What are some other examples of this type of scheme outside of this case? Describe the essential elements of the Bernie Madoff fraud. What made it so effective? Is this fraud primarily a case of asset misappropriation or fraudulent financial reporting? Explain the reason for your answer. Do you believe the PCAOB actions, in this case, will keep this from occurring in the future? Explain. Your written response paper should be 3-4 pages in length. Please type your paper in a Word document and follow APA format, according to CSU Global Writing Center (Links to an external site.) (Links to an external site.). Include a title page and reference page. Use two (2) outside academic sources other than the textbook, course materials, or additional information provided as part of the course materials. Requirements: 3-4 Pages not counting reference or cover page

Option #2: Bernie Madoff

Reference the Madoff 10 Years Later: Ep. 1 | Madoff Behind Bards (Links to an external site.) (Links to an external site.) video.

A Ponzi scheme occurs when a fraudster uses deposits of new investors to pay off previous investors; no real investing is happening. A Ponzi scheme will collapse if new clients don’t invest, or their investments are too small to fund a decent return to previous investors.

Ponzi schemes are based on trust and greed. The fraudster develops trust by building a relationship with the investors. The fraudster usually gains trust through their actions, their professional, social, or religious affiliations, and personal references. Fraudsters exploit the greed of their investors, who see a chance to obtain higher returns than usual. Because the investors trust the fraudster, they do not perform their normal due diligence.

In March 2009, Madoff pled guilty to 11 federal crimes and acknowledged turning his broker-dealer business into a substantial Ponzi scheme that defrauded investors out of billions. Federal investigators believe that the fraud began as early as the 1980s and the whole thing was possibly never legitimate. The fraud totaled almost $65. On June 29, 2009, Madoff was sentenced to the maximum 150 years. In 2021, he died in prison.

Madoff was once the chair of NASDAQ and often spoke about the securities industry on CNBC. Madoff took advantage of his connections in the investment community and made it seem like it was an honor to invest with him. A Ponzi scheme can only work if plenty of funds are brought in year after year to pay off previous past investors; as such, Ponzi schemes grow exponentially until they collapse. Until that collapse, Madoff had a luxurious lifestyle.

Madoff pulled this off by omitting all the transactions from his formal books. He hired a CPA firm to audit the books, but that audit didn’t really occur. In fact, the CPA was violating independence requirements by being an investor in the fund himself. For a fund of its size, it would normally be audited by a very large, high-quality audit firm. The investors were greedy and enjoyed the higher returns instead. They trusted Madoff, so they didn’t perform the typical due diligence with a verifiable external audit.

It is alleged (as reported on a CNBC Primetime Special) that one of Madoff’s investors was with the Russian mob and Madoff chose to turn himself in and plead guilty because he feared for both his life and that of his sons. Many have speculated that his sons helped him orchestrate the fraud: both died within a few years of the fraud being revealed. As a result of this fraud, the Public Company Accounting Oversight Board (PCAOB) began requiring broker-dealers to obtain audits using firms registered with the PCAOB, and the PCAOB now sets standards for audits of broker-dealers.

Required:

Please respond to the following questions:

  1. How would you describe a Ponzi scheme? What are some other examples of this type of scheme outside of this case?
  2. Describe the essential elements of the Bernie Madoff fraud. What made it so effective?
  3. Is this fraud primarily a case of asset misappropriation or fraudulent financial reporting? Explain the reason for your answer.
  4. Do you believe the PCAOB actions, in this case, will keep this from occurring in the future? Explain.

Your written response paper should be 3-4 pages in length. Please type your paper in a Word document and follow APA format, according to CSU Global Writing Center (Links to an external site.) (Links to an external site.). Include a title page and reference page. Use two (2) outside academic sources other than the textbook, course materials, or additional information provided as part of the course materials.

Requirements: 3-4 Pages not counting reference or cover page

Option #2: Bernie Madoff Reference the Madoff 10 Years Later: Ep. 1 | Madoff Behind Bards (Links to an external site.) (Links to an external site.) video. A Ponzi scheme occurs when a fraudster uses deposits of new investors to pay off previous investors; no real investing is happening. A Ponzi scheme will collapse if new clients don’t invest, or their investments are too small to fund a decent return to previous investors. Ponzi schemes are based on trust and greed. The fraudster develops trust by building a relationship with the investors. The fraudster usually gains trust through their actions, their professional, social, or religious affiliations, and personal references. Fraudsters exploit the greed of their investors, who see a chance to obtain higher returns than usual. Because the investors trust the fraudster, they do not perform their normal due diligence. In March 2009, Madoff pled guilty to 11 federal crimes and acknowledged turning his broker-dealer business into a substantial Ponzi scheme that defrauded investors out of billions. Federal investigators believe that the fraud began as early as the 1980s and the whole thing was possibly never legitimate. The fraud totaled almost $65. On June 29, 2009, Madoff was sentenced to the maximum 150 years. In 2021, he died in prison. Madoff was once the chair of NASDAQ and often spoke about the securities industry on CNBC. Madoff took advantage of his connections in the investment community and made it seem like it was an honor to invest with him. A Ponzi scheme can only work if plenty of funds are brought in year after year to pay off previous past investors; as such, Ponzi schemes grow exponentially until they collapse. Until that collapse, Madoff had a luxurious lifestyle. Madoff pulled this off by omitting all the transactions from his formal books. He hired a CPA firm to audit the books, but that audit didn’t really occur. In fact, the CPA was violating independence requirements by being an investor in the fund himself. For a fund of its size, it would normally be audited by a very large, high-quality audit firm. The investors were greedy and enjoyed the higher returns instead. They trusted Madoff, so they didn’t perform the typical due diligence with a verifiable external audit. It is alleged (as reported on a CNBC Primetime Special) that one of Madoff’s investors was with the Russian mob and Madoff chose to turn himself in and plead guilty because he feared for both his life and that of his sons. Many have speculated that his sons helped him orchestrate the fraud: both died within a few years of the fraud being revealed. As a result of this fraud, the Public Company Accounting Oversight Board (PCAOB) began requiring broker-dealers to obtain audits using firms registered with the PCAOB, and the PCAOB now sets standards for audits of broker-dealers. Required: Please respond to the following questions: How would you describe a Ponzi scheme? What are some other examples of this type of scheme outside of this case? Describe the essential elements of the Bernie Madoff fraud. What made it so effective? Is this fraud primarily a case of asset misappropriation or fraudulent financial reporting? Explain the reason for your answer. Do you believe the PCAOB actions, in this case, will keep this from occurring in the future? Explain. Your written response paper should be 3-4 pages in length. Please type your paper in a Word document and follow APA format, according to CSU Global Writing Center (Links to an external site.) (Links to an external site.). Include a title page and reference page. Use two (2) outside academic sources other than the textbook, course materials, or additional information provided as part of the course materials. Requirements: 3-4 Pages not counting reference or cover page Read More »

Goal: Conduct/construct an experiential evaluation/assessment

Goal: Conduct/construct an experiential evaluation/assessment

Management Question

Goal: Conduct/construct an experiential evaluation/assessment of the business model of your organization (or one with which you are closely familiar) using the business model canvas and related text.

Introduction: Managers who want to improve the effectiveness of their business model and organization, as well as to increase their own ability to manage, use diagnostics/assessments to determine the reality of business effectiveness in comparison to what they originally envisioned. Good feedback contributes to the development of plans to improve business/organizational effectiveness and management performance.

Instructions: Students will write a 2500-3000 words  properly formatted APA paper (including a title page and references page, but no abstract) that evaluates/assesses the overall effectiveness of the business model used by your organization. This is the third of three assignments that draws from your association with your organization. The previous two “canvas” assignments flow into this one. Identify one or more of the building blocks from the business model canvas where modification should be recommended. Be careful to avoid bias in determining the issue/problem identified by using the canvas. Do not merely critique, but contribute to your organization’s overall success. This paper should be the culmination of the overall work you have done with the business model canvas so that all the pieces go together.

Your final paper should include:

  • Your business model canvas – Post-It notes discussion/observations (week 2)—summarize this area, but provide the initial canvas.
  • Identification of theoretical/behavioral trends that you observe in the business model and organization (week 5)—summarize this, do not merely cut and paste.
  • Discussion of appropriate theory, metaphors, and frames with which to describe your business model in operation, as well as to identify areas needing improvement and how to get there.
  • Use of the Osterwalder/Pigneur text to evaluate and diagnose your organization’s business model, as well as an integration of the course materials into your writing and consideration.
  • Recommendations for improvements identified using the canvas, theories, and assessment tools used in this course. What are the expected outcomes.
  • Use eight scholarly sources besides our textbook (especially case studies) to undergird your assertions from peer-reviewed literature.
  • Thoroughly familiarize yourself with the assignment specs and ask questions if you are unsure of expectations.

The paper must have at least eight additional scholarly sources in addition to the course textbook. No abstract is necessary, but a title page and references page should be included. Write your paper in third person, even though you are writing about an organization that you are familiar with. To do this, write from the perspective of a scholar who observes and researches about the case. Therefore, first person should be avoided.

Goal: Conduct/construct an experiential evaluation/assessment Read More »

Development of Numerical Operations

Development of Numerical Operations

When early number and operation concepts are taught well, children move from understanding “10” as ten ones to understanding “10” as one unit of ten. This knowledge can be applied in many mathematical operations, including addition and subtraction.

Select at least three number and operations in base ten standards for the grade level of your field experience classroom. Design three learning centers for a small group of students that will be run by volunteers. In developing your learning centers, consider students’ personal, family, community experiences, and cultural norms, and how those can be integrated into the math centers. Create one learning center that promotes active inquiry, one that includes problem solving, and one that incorporates technology .

For each learning center, write a 150-250 word handout for the volunteer who will be facilitating each center’s activity.

Include the following in each handout:

  • Purpose and learning objective aligned to the state standard
  • List of materials/manipulatives to be used and the purpose of each (including technology resources)
  • List of age-appropriate content-related vocabulary to be taught and used throughout the activity
  • Directions for how to run the activity
  • How the activity can be differentiated for students above and below grade level

In a 250-500 word rationale, discuss how your centers are designed to:

Support your rationale with 1-2 scholarly resources.

While APA format is not required for the body of this assignment, solid academic writing is expected, and in-text citations and references should be presented using documentation guidelines, which can be found in the APA Style Guide, located in the Student Success Center.

This assignment uses a rubric. Review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.

Requirements: 500-750 words.

Development of Numerical Operations Read More »

Dawn of Humanity Film Questions                                                                    

Dawn of Humanity Film Questions

 

  1. What are the primary differences between Australopithecus Sediba and Homo Naledi?

 

  1. What made Raymond Dart and his followers believe that early hominins were violent and aggressive (killer apes)?

 

  1. What evidence eventually disproved his hypothesis?

 

  1. Why were ‘small scientists’ needed in the excavation stage for the Naledi cave?
  2. Why were Homo Naledi classified in the genus Homo rather than Australopithecus? Be sure to discuss both skeleton and cranium.

 

  1. How many bones and fragments were eventually pulled out of the Homo Naledi cave?

 

  1. What makes researchers believe that the bones were intentionally placed there? In your opinion, is this a ‘cemetery’?

Dawn of Humanity Film Questions                                                                     Read More »

Power and Influence

Power and Influence

Week 3 – Assignment 1
After you have finished your team discussion, write a 3 to 4 page paper that addresses each question below. This is an individual assignment and should synthesize and demonstrate application of your learning from playing the simulation, the team discussion, and course material.
1. Summarize the results you achieved while playing the simulation.
a. What did you do well and what were some areas that needed improvement?
b. What were the important differences demonstrated from each of the four scenarios?
2. Analyze and discuss at least 3 comparisons between the simulation and what we have learned in the course.
3. How can you apply what you learned in this experience to the company you work for? Discuss at least 2 different applications.
4. What were the similarities and differences between how you did and how others on your team did? What were your biggest takeaways from your team discussion?
Professional Formatting Requirements:
• Include a Cover page containing the title of the assignment, your name, professor’s name, and the course title and date
• Include a References page, showing all your sources
• The Cover page and the References page are not included in the required page length
• Double-spaced, professional font (Times New Roman or Ariel), 10-12 font size
• Headings used to identify main topics and subtopics

• Paragraphs are separated by a single space.

SCENARIO: https://forio.com/app/harvard/change-management/#/…

Requirements: N/A

Power and Influence Read More »

Scroll to Top