1Research Ponzi schemes. Explain how Madoff swindled people out of their money using a Ponzi scheme (Please no more than 1 line of a direct quote). Describe the consequences for his victims and what type of people became his victims.
Students are required to write at least 3 well-developed paragraphs (300 – 500 words) and use the e-Text reading along with other reliable sources to support their response. The work must be summarized in the student’s own words. Sources must be cited in the text. A works cited or reference list should include full citations using APA style. Please no more than 1 line of a direct quote.
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