Question

1. The defendant Bobby Madoff was under investigation for securities fraud and embezzlement. The prosecutor obtained an indictment against him. After Madoff is indicted explain what happens next? Use your knowledge on criminal law. Does RICO play a part in this scenario? If so, how?

Answer 1

The madoff investment scandal was a majore care of Stock and securities freand discovered in late 2008. In December of that year, Bernie Madoff, the former NASDAQ Chairman and to ender of the wall street firm Berenand L. Madoff unrelfment securities, LLC admitted that the wealth management arm of his buuinell was an eloborate multi-billion dofar ponzu scheme The social network analysis of Criminal networns at both the ego and Socountric level is well established. This literature with a social capital analyers of a Criminal network. The focus of the analyers will be the recent egnergious investmont fraud of Bernard L. Madoff investment securitiel, Findinge financial Creine literature can be expanded with a cocial capital analyes which facilliate a socio economic analyein of ego-Centroue Criminal networks. Research limitation / implications, each financial crime in of ite time; however, there are recurencing socio economic network characteristics that could be applied to devlop an understanding of Criminal networns, practical implication, Any understanding of financial crime, including contemporary instonies of criminal innovat Investment fraud as defined by New Yorck Law i the international we of deception to persuade investors to make finacial decisions based on information. In other worlds those who convine Others to invest money by way of falle inform into comething they know in either not evilket hot what the money in intended for can 6 one based on false falle information, сол ы Сото

with investment fraud. Other term for investment fraud are Hock fraud ore securifiel fraud. Succeu finally came when he and his brother peter beyon to build electronic treading capabilities, artificial intelligence, in mad off's worlde, that attracted manive order flow and booked the bulinell by providing inughts into manuut. activity. I had all there magon banky coming down en trefaining me, madoff fold fishman, it was a head this. He and four other wall struent mainstays procened half of New York Stock exchange's order flow. Controvenyaky, he paid fore much of it, and by the lake 1980 & madoff was making in the vicinity of $100 mullion a year. He would become chanman of Nardag in 1990, and also served in 1991 & 1993. Criminal law, the body of Law that defines criminal offences, regulates the apprehension Changing and trial a suspected person and fixes penalties and modes of treatment applicable to Convicted offenden. Criminal Law is only one of the devices by which organized Societiel preotect the security of indiviecual interest and encere the lurvival of the group. There are in addition, the standards of Conduct instilled by family, school, and religion, the rules of the office and factory the regulation of Civil life enforced by ordinary police powers and the sanctions available throun font actione, where as a crine is conceived an the actual offence against the public, althoug victim may be an indivinal.

Puerto Rico liel in a tectonically active repon where earthquakes have occurred for centuries, su became punto, Rico has not experienced a quare of that level of impact eince 1918, the recent quance, their after shock, and resulting damage toon many iylanders by sureprill About 7500 people have left their homes fore other kinde of Shelter, including in some cases, care and tents.