At the end of each Reading or Case,there will be a section titled“Questions”.Provide responses to the questions listed.Responses for reach question should be well-developed.Some questions require...

Discussion: Ponzi scheme
1. Money and ethics are independent of each other. Whether possessing money or looking for success as a starter does not make any difference in the context of ethics. Irrespective of position and economic status, ethics mean same and there is need for business ethics for every one (Cross, 2020).
2. Ponzi scheme is contained in luring investors with heavy and incredible returns in short time. Further they will be disappointed as they are safe and definite returns. In Ponzi scheme investors are falsely lured that they will get more than 50% returns in around 90 days by investing in the company, which will use the same for purchase of IRCs and sell the same in other country for making profit. Investors invested heavily in the Ponzi company, at the starting itself, as high as $1M collected in a single day. However the actual investment is not converted for business operations, rather the new customer’s investment is paid for those old customers who wanted to turn-off and by doing so, the scheme continued. However by the end, investors lost trust after revealing the facts and fraud ended with jailing the owners.
3. SEC has failed in enforcing the deregulatory climate that pervaded the government since 1980s. There are several crucial parts of the regulation which established to protect the investors and the markets were simply dismantled which led to the success of several security firms like Madoff scheme. SEC neither detected nor stopped the abuse, resulting in billions of dollars of loss by...