Bernard Madoff perpetration of the largest Ponzi scheme in U.S. history

Bernard Madoff perpetrated the largest Ponzi scheme in" rel="nofollow">in U.S. history, as well as the first in" rel="nofollow">international Ponzi scheme. Convicted and sentenced to 150 years in" rel="nofollow">in prison for a securities fraud nearin" rel="nofollow">ing $65 billion, Bernard Madoff is the rare occupational white collar offender where crime and punishment are arguably commensurate. Based in" rel="nofollow">in part from Frontlin" rel="nofollow">ine's discussion questions on the Madoff Affair, answer the followin" rel="nofollow">ing: What is a Ponzi scheme and what are its two core rules? What were some of the specific conditions that allowed for the longevity of this particular Ponzi scheme— (e.g. what were some of Madoffs "rules")? Begin" rel="nofollow">innin" rel="nofollow">ing in" rel="nofollow">in 2001, whistleblower Harry Markopolos in" rel="nofollow">informed the SEC three times that Bernard Madoff was probably runnin" rel="nofollow">ing his busin" rel="nofollow">iness as a Ponzi scheme. Why do you thin" rel="nofollow">ink the SEC didn't act on this in" rel="nofollow">information until 2006? To what extent do you thin" rel="nofollow">ink the SEC did or did not do its job? What was the fin" rel="nofollow">inal straw that uncovered the Madoff Ponzi scheme? What actions should the U.S. government take to min" rel="nofollow">inimize chances of other Ponzi schemes takin" rel="nofollow">ing place? 500 words