Why Do You Think What Bernard Madoff Did Was Unethical?

415 words - 2 pages

There are many ethical issues and failings in this case. For the love of profit, Bernie Madoff and his accomplices created and participated in what can be considered the greatest Ponzi scheme in history. After several years in the securities and exchange industry, Bernie Madoff broke the law and deceived clients and investors in order to amass millions of dollars. It was unethical for him and others to prey on and betray the trust of investors. When he was repeatedly questioned by investigators, he consistently lied to evade criminal charges or suspicion. What started as an honest way to make a living became a fraudulent, calculated method of stealing money from others.

Assuming you were one of his investor victims and chose to make an ethical decision, what would you decide to do?

If I was working for Bernie Madoff and discovered the ethical issue involved, I would think carefully about who this issue involved and how to handle the situation using my moral imagination. First, I would relay my concerns to my manager or supervisor. I would consider the effect on stakeholders and also try to assess my own involvement in the scheme and determine my own guilt. This may be caused...

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Why Do You Think What Bernard Madoff Did Was Unethical?

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