Forensic Accounting on Hard Financial Times Essay Paper Many celebrities fall on hard financial times after earning sums that, to the rest of us, would be a fortune. Why do you think they are so vulnerable? If you were a criminal, how would you try to take advantage of them?

And, if you were not a criminal, how would you try to help them avoid being taken advantage of? Given the scenarios that you come up with, what would you as a forensic accountant do to try to find out where their money went? What other questions do you think that I should have asked that I did not ask? The link below will take you to an article that appeared in the New York Times a long while back. While it concerns Britney Spears, our concern is much more general than her misfortune. PLEASE ANSWER GENERALLY.

Forensic Accounting on Hard Financial Times Essay Paper

Please consider the alleged Madoff Ponzi scheme. In this scheme, many extremely sophisticated individuals and organizations gotten taken for many millions of dollars. (for example, see http://dealbook.blogs.nytimes.com/2009/02/02/the-myth-of-the-sophisticated-investor OR

Forensic Accounting on Hard Financial Times Essay Paper

The Myth of the ‘Sophisticated Investor’ – The New York Times.pdfPreview the document )

Do you think that there was anything in particular about Madoff and the way he went about his ‘business’ that pulled people into wanting to invest with him? Why do you think that the so-called wool fell so heavily over these individual’s and organization’s eyes? You might want to think also about the Satyam case.

Here, some of the members of the Satyam firm’s board of directors (including a Harvard professor), apparently did not know what was going on. How do you think the ‘plight’ of these board members relates to the two paragraphs above (‘celebrity’ and ‘Madoff’)?

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