Intellengence Versus Wisdom

Bernie Madoff PSY/220 Positive Psychology May 10, 2012 Bernie Madoff allot to Bio.com (2012), Bernie Madoff is considered one of the most baseless criminals of the 20th Century. Mr. Madoff made floor in inter picture object and national headlines in 2009, for running a Ponzi scheme. accord to U.S. Securities and Exchange heraldic armorial bearing (2012), [A Ponzi scheme is an investing funds fraud that involves the payment of purported returns to fighting(a) investors from funds contributed by unused investors. Ponzi scheme organizers often maneuver new investors by smart to invest funds in opportunities claimed to generate high returns with undersized or no risk. In most Ponzi schemes, the fraudsters focus on attracting new money to desexualize up promised payments to earlier-stage investors and to use for face-to-face expenses, instead of engaging in all legitimate investment activity.] Bernie Madoff funded his own investment soused in 1960 with only 5,000 dollars that he earned during the summer as a lifeguard. By the 1980s his firm was one of the largest unconditional vocation operations in the United States, having about ccc one one thousand million million dollars in assets by the class 2000.

Bernie Madoff took his investors for an estimated amount of 65 meg dollars over two decades, which alter many of his clients, destroyed families lives and their savings (Bio.com, 2012). I feel Bernie Madoff did non lack emotional perception. match to our reading, Bolt (2004) stated, emotional intelligence is the awareness of ones own emotions and moods and those of others, and is able to execute motivation. Bernie knew what he pauperismed and that was wealth. He knew how to play on his clients emotions and moods to gain their prise and trust to motivate them to volitionally investing their money in his scheme. He also showed the same emotional intelligence when it came to his family, because he motivated them to work in and build the reputation of his duplicitous investment company (Bio.com, 2012). I...If you want to get a honest essay, order it on our website: Ordercustompaper.com

If you want to get a full essay, wisit our page: write my paper