A recent New York Times article about Bernard Madoff and his illegal Ponzi scheme stated,"When money goes global,fraud does too." Although the goal of investors who trusted Madoff's investment company was to earn the highest return possible on their investments,they turned a blind-eye toward the fact that some of those returns were too good to be true.Individual investors,companies,and even charities lost large sums of money by investing with Madoff's company.Which of the following statements relates to this story?
A)The unethical behavior of one company had a worldwide ripple effect that can impact the well being of an economy.
B)Too much regulation caused the capitalistic nature of Mr.Madoff's business model to fail.
C)People lost money because of the fluctuations in world trading currencies,questioning the legitimacy of trading abroad.
D)Investors did not sign contracts with Mr.Madoff's company.The government can only protect individuals and companies who sign enforceable contracts.

Question

Quizplus · Accepted Answer

The statement "When money goes global, fraud does too" suggests that the global nature of investments can lead to fraudulent activities that have a ripple effect on the well-being of the economy. This is evident in the Madoff case, where the illegal activities of one company affected many investors and charities, leading to significant financial losses. Therefore, option A is the best choice. The other options (B, C, and D) are not relevant to the given context.

A Recent New York Times Article About Bernard Madoff and His