The Rise and Fall of Bernie Madoffs Ponzi Scheme

Abstract

Response to Darren Nixon [Name] Based on your post, practicing Corporate Social responsibility enables corporations and entrepreneurs express their concern for their businesses and the community at large in a great manner. It took Madoff so long for his un-ethical marketing strategies to become exposed which means that quite a significant large number of people suffered in the long-run. Your post best define the positive and negative effects that the main stakeholders of Madoff would face in the current and long-run upon failure of the scheme. Based on your text, the government (SEC) being among Madoffs stakeholders was entitled to express its credibility in regulating the way this scheme worked which upon failure ruined its reputation as a body that ought to enhance transparency and law adherence while running a business. To add on your text, Madoff Ponzi scheme succeeded for such a long period and made him a role model due to the trust that Madoff had won from his clients. Madoff understood that winning clients trust was a potential marketing strategy that makes many businesses stands the strong competitive forces within the business world ([Author], 4:00-15). Though many suffered in the long-run, to me Madoff expressed great potentials as a marketer and entrepreneur