Which of the Following Statements About the Bernie Madoff Ponzi

question 104

Multiple Choice

Which of the following statements about the Bernie Madoff Ponzi scheme is false?

• A)Madoff took advantage of his unique ties to the investment community (he was the former Chair of the NASDAQ)to create trust and encourage further investments.
• B)Madoff began perpetrating the fraud shortly before passage of the Sarbanes-Oxley Act,and the provisions of that Act ultimately led to discovery of the fraud.
• C)Madoff was sentenced to 150 years in prison.
• D)The estimated amount missing from client accounts,including fabricated gains,was almost $65 billion.

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Definitions:

Unconscious Associations

Unconscious Associations are automatic connections made by the brain between different ideas or concepts, influencing perceptions and behavior without conscious awareness.

Psychokinesis

The purported ability to move or manipulate objects with the mind without physical intervention; considered a paranormal phenomenon.

Precognition

The psychic ability to know or predict events before they happen, beyond the scope of normal sensory perception.

Telepathy

The purported communication of thoughts or ideas between individuals without using the known senses.