Outline: Case Study Bernie Madoff

Table of Content
  1. Copy and paste the applicable subpoint(s); cite with (Crews). “Don’t assume others are like you. Trust but check” (Crews).
  2. Enter and cite direct quote 1 from an article as evidence to support your analysis. Roderick Kramer presents a “thesis that human beings are naturally predisposed to trust –it’s in our genes and our childhood learning – and by and large it’s a survival mechanism that has served our species well” (70). Selected quote must directly relate to and effectively support the selected truism.
  3. Paraphrase or summarize the most important information from the above quote in your own words; insert correct citation. It is in people’s nature to “do the right thing”. However, external influences and selfish motivations can alter this natural instinct. It is likely that most all with trust others. Therefore, it is important to always verify information to ensure that what appears to be true is true Wording must accurately reflect the the most important information from the above direct quote and be the student’s own words; correct citation inserted.
  4. How does the above evidence explain how/why the Madoff scandal occurred? He understood that people are naturally trusting. Madoff identified a close circle of friends that trusted him, he then used those individuals to connect with their colleeagues and trusted friends to expand his group of investors. Trust was a key component to expand Bernie Madoff’s investment group. Student must effectively connect the dots between the article’s information and the tragic truism.
  5. Enter and cite direct quote 2 from an article as evidence to support your analysis. Psychologists refer to confirmation bias when individuals “pay more attention to, and overweight in importance, evidence supporting our hypotheses about the world while downplaying or discounting discrepancies or evidence to the contrary” (Kramer 71). Selected quote must directly relate to and effectively support the selected truism.
  6. Paraphrase or summarize the most important information from the above quote in your own words; insert correct citation. Simply stated that people will see only what they want to see. Individuals often project their own values onto others creating a blindside in relationships (Kramer 71). Wording must accurately reflect the the most important information from the above direct quote and be the student’s own words; correct citation inserted.
  7. How does the above evidence explain how/why the Madoff scandal occurred? People look at the expanding investment portfolio of their friends and colleagues and used that as evidence to ensure they were making correct investments that were on target. Student must effectively connect the dots between the article’s information and the tragic truism.
  8. Enter and cite direct quote 3 from an article as evidence to support your analysis. “He reserves special contempt…Their over-the-top greed, he [Madoff] suggests, blinded them to obvious signs of fraud – and, therefore, they deserved their fates” (Henriques 2). Selected quote must directly relate to and effectively support the selected truism.
  9. Paraphrase or summarize the most important information from the above quote in your own words; insert correct citation. Madoff believes some of his victims deserve their “fates” due to being consumed in greed ( Henriques 2). Wording must accurately reflect the the most important information from the above direct quote and be the student’s own words; correct citation inserted.
  10. How does the above evidence explain how/why the Madoff scandal occurred? It is important to recognize that both parties, Bernie and his investors, are both at fault for allowing this ponzi scheme to go on for so long. Greed can easily consume people’s desires. Becoming a personal priority and this can create an ethical breach (Crews). Student must effectively connect the dots between the article’s information and the tragic truism.

WORKS CITED

  1. Bandler, James, and Nicholas Varchaver, Doris Burke, Mina Kimes. “How Bernie Did It.” Fortune 11 May 2009. 12 Sept. 2013. http://bblearn.missouri.edu/bbcswebdav
  2. Dodge, John. “How Bernie Made Basket Cases of His Customers’ Accounts.” Security Industry News, 02 Nov. 2009. Http://securitiesindustry.com
  3. Dodge, John. “The Technology Behind the Scan.” Investment Dealers’ Digest 06 Nov. 2009. 18 Sept. 2013.

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