https://padlet.com/michaeldenine06/iqn9g3a4dxzmx5g6 en-us 2023-04-03 23:41:26 UTC 2025-11-15 01:16:57 UTC hello@padlet.com michaeldenine06 https://padlet.com/michaeldenine06/iqn9g3a4dxzmx5g6/wish/2542851740 Bernie Madoff was a prominent American financier who orchestrated one of the biggest financial frauds in history. He ran a Ponzi scheme that defrauded thousands of investors out of billions of dollars, resulting in his imprisonment for 150 years.]]> 2023-04-03 23:46:39 UTC https://padlet.com/michaeldenine06/iqn9g3a4dxzmx5g6/wish/2542851740 michaeldenine06 https://padlet.com/michaeldenine06/iqn9g3a4dxzmx5g6/wish/2542856130 Bernie Madoff is a hot topic when it comes to financial crimes. He's just about at the top of every list for one of the biggest financial crimes committed in modern history. ]]> 2023-04-03 23:52:00 UTC https://padlet.com/michaeldenine06/iqn9g3a4dxzmx5g6/wish/2542856130 michaeldenine06 https://padlet.com/michaeldenine06/iqn9g3a4dxzmx5g6/wish/2542857757 He eventually was caught because the financial crisis of 2008 caused many investors to request withdrawals from his firm, but there wasn't enough money to cover the requests. This led to a chain of events that soon enough exposed his fraudulent scheme. To add to this, Madoff himself eventually confessed to his crimes to his sons, who then reported him to the authorities.]]> 2023-04-03 23:53:45 UTC https://padlet.com/michaeldenine06/iqn9g3a4dxzmx5g6/wish/2542857757 michaeldenine06 https://padlet.com/michaeldenine06/iqn9g3a4dxzmx5g6/wish/2542866703 Coming from humble beginnings, the Lehman Brothers were forced to close their dooes on September 12th, 2008, as a result of filing bankruptcy.]]> 2023-04-03 23:58:47 UTC https://padlet.com/michaeldenine06/iqn9g3a4dxzmx5g6/wish/2542866703 michaeldenine06 https://padlet.com/michaeldenine06/iqn9g3a4dxzmx5g6/wish/2542869450 While I do recommend only watching the first 3-4 minutes of this video, it's very informative in that short time frame. It explains in laymens terms what happened and how a downfall for them was inevitable.]]> 2023-04-04 00:01:57 UTC https://padlet.com/michaeldenine06/iqn9g3a4dxzmx5g6/wish/2542869450 michaeldenine06 https://padlet.com/michaeldenine06/iqn9g3a4dxzmx5g6/wish/2542872016 Investopedia goes into heavy detail about the Lehman Brothers in this 'case study'. They start off by giving a backstory on the humble beginnings as both men came from humble beginnings working at a grocery store. They go into lots of details right up to what they're doing now. ]]> 2023-04-04 00:05:03 UTC https://padlet.com/michaeldenine06/iqn9g3a4dxzmx5g6/wish/2542872016 michaeldenine06 https://padlet.com/michaeldenine06/iqn9g3a4dxzmx5g6/wish/2542880849 Enron was a US energy company that became embroiled in one of the biggest corporate scandals in history. In the early 2000s, it was revealed that Enron executives had engaged in massive accounting fraud and other illegal activities to inflate the company's profits and hide its losses. This led to the company's bankruptcy and the criminal convictions of several of its top executives. The Enron scandal led to a widespread loss of trust in corporate America and significant changes to financial regulations.]]> 2023-04-04 00:13:09 UTC https://padlet.com/michaeldenine06/iqn9g3a4dxzmx5g6/wish/2542880849 michaeldenine06 https://padlet.com/michaeldenine06/iqn9g3a4dxzmx5g6/wish/2542889120 This video perfectly explains the rise and fall of Enron, in simple terms. Around the 2:15 mark, he begins to explain how Enron had things set up in a way that external investors had no option to pull their money out if things went wrong.]]> 2023-04-04 00:20:41 UTC https://padlet.com/michaeldenine06/iqn9g3a4dxzmx5g6/wish/2542889120 michaeldenine06 https://padlet.com/michaeldenine06/iqn9g3a4dxzmx5g6/wish/2542891243 After Enron was found using illegal accounting practices to inflate all kinds of numbers, but as a result, was forced to file for bankruptcy in December of 2001.]]> 2023-04-04 00:22:29 UTC https://padlet.com/michaeldenine06/iqn9g3a4dxzmx5g6/wish/2542891243 michaeldenine06 https://padlet.com/michaeldenine06/iqn9g3a4dxzmx5g6/wish/2542920809 2023-04-04 00:46:03 UTC https://padlet.com/michaeldenine06/iqn9g3a4dxzmx5g6/wish/2542920809