How Does Cognitive Bias Hinder Fraud Examiner Decisions?
- October 4th, 2023
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Financier Bernie Madoff was a high-profile executive who owned Bernard L. Madoff Investment Securities LLC. The one-time Nasdaq chairman was highly respected and well-liked in the business community, with an incredibly successful record of earning strong returns for his clients. Unfortunately, Madoff used his expertise and relationships to perpetrate the largest Ponzi scheme in history, defrauding thousands of investors of billions of dollars.