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Tag: Madoff Scandal

Relevance of the Sarbanes-Oxley Act of 2002 to the Madoff Scandal

Posted on April 12, 2013 by JL Admin

The investment scandal perpetrated by Bernard Madoff is the largest financial fraud in the history of capitalism. It is believed that Madoff’s secretive investment advice firm caused a loss of nearly $65 billions for the 4,000 odd investors who trusted his firm with their wealth. The investors consisted of several celebrities as well as people…

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