How Long to Read Bernard L. Madoff Charged In Multi-Billion Dollar Ponzi Scheme
By Backgroundnow.com Staff
How Long Does it Take to Read Bernard L. Madoff Charged In Multi-Billion Dollar Ponzi Scheme?
It takes the average reader and 38 minutes to read Bernard L. Madoff Charged In Multi-Billion Dollar Ponzi Scheme by Backgroundnow.com Staff
Assuming a reading speed of 250 words per minute. Learn more
Description
The SEC's complaint, filed in federal court in Manhattan, alleges that Madoff yesterday informed two senior employees that his investment advisory business was a fraud. Madoff told these employees that he was "finished," that he had "absolutely nothing," that "it's all just one big lie," and that it was "basically, a giant Ponzi scheme." The senior employees understood him to be saying that he had for years been paying returns to certain investors out of the principal received from other, different investors. Madoff admitted in this conversation that the firm was insolvent and had been for years, and that he estimated the losses from this fraud were at least $50 billion.According to regulatory filings, the Madoff firm had more than $17 billion in assets under management as of the beginning of 2008. It appears that virtually all assets of the advisory business are missing.
How long is Bernard L. Madoff Charged In Multi-Billion Dollar Ponzi Scheme?
Bernard L. Madoff Charged In Multi-Billion Dollar Ponzi Scheme by Backgroundnow.com Staff is 37 pages long, and a total of 9,509 words.
This makes it 12% the length of the average book. It also has 12% more words than the average book.
How Long Does it Take to Read Bernard L. Madoff Charged In Multi-Billion Dollar Ponzi Scheme Aloud?
The average oral reading speed is 183 words per minute. This means it takes and 51 minutes to read Bernard L. Madoff Charged In Multi-Billion Dollar Ponzi Scheme aloud.
What Reading Level is Bernard L. Madoff Charged In Multi-Billion Dollar Ponzi Scheme?
Bernard L. Madoff Charged In Multi-Billion Dollar Ponzi Scheme is suitable for students ages 8 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
When deciding what to show young students always use your best judgement and consult a professional.
Where Can I Buy Bernard L. Madoff Charged In Multi-Billion Dollar Ponzi Scheme?
Bernard L. Madoff Charged In Multi-Billion Dollar Ponzi Scheme by Backgroundnow.com Staff is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.
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