Bernard Madoff was most likely able to accomplish his Ponzi scheme because ________.
A. politicians protected his securities firm
B. laws failed to regulate bond investments
C. investors did not question his high returns
D. police were unable to find sufficient evidence
Answer:C
Bernard Madoff was most likely able to accomplish his Ponzi scheme because ________.
A. politicians protected his securities firm B. laws failed to regulate bond investments C. investors did not question his high returns D. police were unable to find sufficient evidence
Explanation: C) Madoff's case involved providing a consistent 10 percent to 12 percent annual returns in good markets and bad. People did not question him. Investors wanted to believe in the Holy Grail, so rational thoughts did not interfere with disbelief.