Collaborate and discuss ideas with your fellow students pertaining to this case.  Then you will provide your own answers to the Questions for Discussion.
Read Case 11 in the text:  Frauds of the Century.
In a Word document, answer the following three Questions for Discussion

How do Ponzi schemes and pyramid schemes differ? How are they similar?
Why are successful white-collar criminals such as Madoff able to carry out their schemes for so long when similar types of fraud often collapse at an early stage?
What should be done to ensure large-scale scams such as Ponzi schemes and pyramidschemes do not occur in the future?
CHAPTER OBJECTIVES
CHAPTER 3
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Define ethical issues in the context of
organizational ethics
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Examine ethical issues as they relate to
the basic values of honesty, fairness, and
integrity
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