Sunday, February 24, 2013

Ponzi scheme

Creativity is commonly associated with being a positive trait that would be a good thing to acquire. However, creativity can be used for what society would deem immoral means. An example of this would be using creativity as a tool within a Ponzi scheme. Bernard Madoff was responsible for one of the largest Ponzi schemes in history that had a fraud of $64.8 billion. Madoff's creativity allowed him to get away with this large amount of fraud for decades without being detected.


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