With Regard to the 2008 Discovery of Bernard Madoff's Ponzi

question 43

Multiple Choice

With regard to the 2008 discovery of Bernard Madoff's Ponzi scheme, which of the following is not true?

• A) He preserved an element of secrecy by claiming his investment strategy to be a trade secret.
• B) The scheme lasted over 20 years and cost his clients billions of dollars.
• C) Obtaining investment funds from charities and nonprofits was an essential part of his strategy.
• D) To keep multiple authorities and governments from examining his operation, he restricted the scheme to U.S. investors and U.S. business entities only.

---

Definitions:

Income

The amount of money received by a person or entity within a specified time-frame, typically from work, investments, or business activities.

Infant Mortality

The death of young children under the age of 1. This rate is often used as an indicator of the level of health in a country.

Postneonatal Paralysis

Paralysis affecting infants after the neonatal period, which is the first four weeks of life, potentially resulting from various causes, including infections, trauma, or congenital conditions.

Elderly

Referring to older adults or aging individuals, often considered to be those aged 65 and above, who may face unique health and social challenges.