Bernard Madoff is most closely associated with which of the following terms?
A)The father of activity-based costing systems
B)SAR
C)Ponzi scheme
D)Sarbanes-Oxley Act of 2002
E)Key sponsor of the Patriot Act

Question

Quizplus · Accepted Answer

Bernard Madoff is most closely associated with a Ponzi scheme, which is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors. Madoff's Ponzi scheme is one of the largest financial frauds in U.S. history.

Bernard Madoff Is Most Closely Associated with Which of the Following