$3.00 Contemporary Business Law
Section 22-5, White-Collar Crime, in Ch. 22 addresses several forms of white-collar crime including that of the Ponzi scheme. Also in that section is a Business Ethics Perspective vignette titled Epic Fraud: Bernie Madoffs Multibillion-Dollar Ponzi Scheme. What does this example tell you about business ethics and the need for criminal penalties in order to regulate business? How is Madoff's scheme different from the Social Security system?