Ethics Challenges and Business Investment: The Case of the Ponzi Schemes in the USA

Abstract

This desktop paper demonstrates how some business people dupe clients for selfish gains. The paper discusses the ‘Ponzi schemes’ under Madoff. Madoff had a well thought out process to deceive people in believing that he was a genuine investment advisor. Yet he simply wanted to benefit himself at the expense of investors. He lacked moral capacity, making him continue to lie and trick investors for over 30 years. The discussion in this paper shows that there is need to train entrepreneurs and business leaders in ethical issues. Madoff lacked values to guide him to act right.

Key words: Ethics, investment, business, entrepreneurs, leaders

DOI: 10.7176/PPAR/9-3-09

Publication date:March 31^st 2019