Bernie Madoff & Ponzi Schemes

by Ben Hansen and Dan Mikels
Accounting
Faculty advisor: Dr. Sue Cullers

Bernie Madoff… crook, thief, genius…a couple of terms that come to mind when many accountants hear this man’s name, but most people have no idea who this man is. Known by few outside of the financial circle, he was the brain behind one of the most successful Ponzi schemes to ever be operated. Before the scheme was detected, Mr. Madoff and his associates were handling billions of dollars for willing investors hoping for a rapid growth of wealth. Little did they know, Bernie was using those funds for his extravagant life style. How did Bernie convince so many people to participate in his Ponzi scheme? What is a Ponzi scheme? Come see our poster and find out all about Bernie and his unethical practices.