Bernie Madoff Scheme

Bernie Madoff Scheme

Assessment

Flashcard

Business

11th Grade

Hard

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15 questions

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1.

FLASHCARD QUESTION

Front

What type of scheme did Bernie Madoff run?

Back

Ponzi Scheme

2.

FLASHCARD QUESTION

Front

What was Bernie Madoff promising investors?

Back

High returns

3.

FLASHCARD QUESTION

Front

When was Bernie Madoff arrested?

Back

2008

4.

FLASHCARD QUESTION

Front

Who turned Bernie Madoff in?

Back

His sons

5.

FLASHCARD QUESTION

Front

How long was Madoff's prison sentence?

Back

150 years

6.

FLASHCARD QUESTION

Front

What eventually exposed the scheme? Options: His death, A TV show, The 2008 financial crisis, A leaked email

Back

The 2008 financial crisis

7.

FLASHCARD QUESTION

Front

What happened to Madoff’s oldest son, Mark?

Back

He committed suicide

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