Bernard Madoff Is in Jail After Pleading Guilty in 2009

question 48

Multiple Choice

Bernard Madoff is in jail after pleading guilty in 2009 to the biggest fraud in Wall Street history.Madoff carried out his fraud over four decades by relying on __________.

• A)financial expertise and human error
• B)social engineering and the predictability of human nature
• C)red flags and accounting loopholes
• D)unbelievable returns that defied the market

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Definitions:

Drains the Volcano

The process by which magma, gases, or fluids are released from the volcano, reducing pressure within the magma chamber.

Upwind

In the direction from which the wind is coming, often used to describe exposure to substances carried by the wind.

Nearby Slopes

Slopes in close proximity to a given location, often considered in geological studies and hazard assessments for potential risks like avalanches or landslides.

Island Arc

A curved chain of volcanic islands located at a tectonic plate margin, typically formed above a subducting plate.