White collar crime; the Bernard Madoff Scandal
Student: Christian Castillo
Week2
Professor: Donald Rebovich
3/28/2018
Individual Group.
1
Executive Summary
White collar crime by Bernard Madoff
Impact of the scandal
Nature and extend
Preventive measures
The intelligence briefing highlights the white collar crime by Bernard Madoff who stole billions of dollars of investments, savings and retirement funds from businesses, non-profit foundations and individuals. The scope of this scam resulted in internal and external victims. The company was manipulating its accounting to collect additional loans from a bank which was devastating after the company went broke (Gottschalk, 2013). The impact of the scandal is highlighted including the amount recovered to date. Different measures for curbing white collar crimes are also highlighted.