Question

Bernard Madoff received a lengthy jail sentence after he was convicted of
a. bribing a district attorney to drop charges against Madoff’s son who was arrested for driving under the influence.
b. smuggling over 80 kilograms of cocaine in his private Gulfstream Jet from Colombia to the U.S.
c. violating securities laws by running a Ponzi scheme that caused devastating financial losses to investors while profiting Madoff and his confederates.
d. transporting illegal immigrants from Mexico to Arizona where they worked on Madoff’s agricultural enterprises.

Answer 1

Answer:

C. Violating securities laws by running a Ponzi scheme that caused devastating financial losses to investors while profiting Madoff and his confederates.

Explanation:

Bernard Lawrence Madoff  is serving serving a federal prison sentence for offenses related to a massive Ponzi scheme. He confessed to the largest financial fraud in U.S. history.