Multiple Choice
On June 30, 2009, Bernard Madoff was sentenced to 150 years for his fraudulent financial activities. He defrauded thousands of investors out of $65 billion. What fraudulent scheme did he use?
A) A Ponzi scheme.
B) A Black-Scholes scheme.
C) An advance fee scheme.
D) A bucket shop scheme.
Correct Answer:
Verified
Correct Answer:
Verified
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