Bernard Madoff perpetrated a $60 billion fraud that survived for more than a decade. The side effect destroyed the lives of several of his investors and significantly damaged the standing of the Securities and Exchange Commission (SEC). How did the federal agency entrusted to guard investors who failed to detect the Ponzi scheme? The question is more conspicuous because the SEC was alarmed by a financial expert to the fraud that is likely and was ignored, not only once, but a lot of times over a multiyear period. This case provides the context to explore questions such as: What was the SEC's investigation process? Why did it fail to uncover the fraud? What was the function of culture and organizational structure in the debacle? How could the SEC re-engineer its processes to prevent such schemes? Case number is 1950.
Preventing Another Madoff Reengineering the SEC's Investigation Process Case Study Solution
This is just an excerpt. This case is about LEADERSHIP & MANAGING PEOPLE
PUBLICATION DATE: July 22, 2015 PRODUCT #: KS1138-HCB-ENG
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