A Ponzi Scheme Case Study Assignment

Case Study A Ponzi Scheme: A prominent New York City businessman operated a very successful investment firm on Wall Street. He made such sound investment decisions that investors made unusually high returns on their money. Over the years more and more people came to the businessman for investment advice and to invest their money with him. There were, of course, federal investigators who expressed concerns with his ability to give such high returns on investor’s monies. But nothing ever came of the investigations because the businessman was thorough and very, very careful not to make any mistakes to upset his investors. Over the years he attracted thousands of investors, handing him billions of dollars to be invested. The only problem with the business was that it was all a scam. The businessman simply kept two sets of books: one for federal auditors and the other for himself. Indeed, investors made great returns, but that was all contingent upon new investors coming on board with the company. 

Nothing lasts forever. Eventually a significant recession hit the country that caused two critical things to happen: People stopped investing and many of those who had invested wanted their money back. Recessions usually are the downfall of fraudsters because they gradually become exposed, get arrested, prosecuted, and sent to prison, usually for a few years. In this extreme case, thousands of people lost most of their investments, getting pennies on the dollar in return. Some investors committed suicide as they had entrusted the businessman with all their assets. The businessman lost everything, including his family, and was sentenced to many years in prison.  A Ponzi Scheme Case Study

 A Ponzi Scheme Case Study Assignment

A Ponzi Scheme Study What drives a person to take such risks knowing that he could be exposed any time the economy ceased to thrive and people stopped investing? He put everything on the line: his family, his freedom, and his reputation. Yet, knowing the risks, he still pretended to be someone he wasn’t, and in the end it caused irreparable harm to many, many people. What makes a person like this businessman choose to commit felony fraud on a daily basis? How does a person justify such choices when so much is at stake?  

  1. Apply a specific theoretical approach to the criminal behaviors displayed in Case Study A Ponzi Scheme.
  2. Determine if the crime or crimes presented would be categorized as expressive or instrumental. Explain your rationale.
  3. Evaluate whether developmental risk factors and correlates of criminal behavior influence criminal behavior. Evaluate whether the offender in each case scenario is a criminal.
    Note: Although assessment is an integral step in the tasks you complete in this Final Project, for the purposes of this course and Final Project, you will not assess the offenders in the case scenarios you select.

Your Final Project may be presented via one of the following options:

  • A 10- to 12-page (not including references, title page, or abstract), double-spaced, APA-formatted paper.

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