麦道夫诈骗案给我们的启示（用英文说,不少于250words.）

Question

麦道夫诈骗案给我们的启示（用英文说,不少于250words.）

Answer 1

1Recent global hotspots have been concentrated in one of the Americans who called Mai-Astoria, he served as the U.S. Nasdaq Stock Market before the Chairman of the Board, for customers to manage the billions of dollars in hedge funds, but not until his son come forward to denounce him , people discovered that he may be the largest in the history of Wall Street swindlers.
Michael Randolph's tricks are not wise, and high domestic interest rates similar to solicit depositors, promising customers a 1% monthly return, and the way the development of customer use of pyramid schemes, using some of the funds to pay for new customers and old customers benefits. Names in the securities industry because of its head is not small, but also paid on time, customer returns, so increasing their scam has been arrested at least have caused the customer loss of 50 billion U.S. dollars, a number of well-known banks and insurance companies have become Shang Dangzhe.
By Michael Randolph fraud exposure, in fact, proved a problem, the sub-prime crisis on the real economy and the impact of virtual economy is not so easy to subside, now is still in liquidation of the moment, how bad the outcome of the storm in the end, no one can real prediction.
The United States, as the birthplace of the subprime mortgage crisis has not yet out of the misery, so at the risk of transmission of this last link in the chain of China, and also can hardly be met with the worst situation, the new risks that we have adequate psychological preparation.
But for A shares, the short-term trend is still relatively independent, broader market turned the corner yesterday to ease the tension in a number of bulls. However, we must overlook the fact that the energy is gradually in the long failure into, whether it is or a turnover of technical indicators have illustrated this point, due to the release of this energy has not yet finalized, so the probability of broad market slump is very small, hands and feet quickly investors can still make the difference in volatility.2. For a long time, the U.S. former president Jimmy Randolph Nasdaq can almost be seen as a symbol of Wall Street-style characters, but this one symbolic figure though has been 71 years old, but still sentenced to 150 years of penalty, such a length of 150 years can be said of his two lifetime be able to sit in jail End.
As the saying goes to eat a cutting wisdom, we are faced with such a disturbing or major, from what can be learned?
Maybe you think you are lucky, because your investment did not let Jimmy Randolph to the cheated, but your investment is very likely being cheated several wheat-Astoria. We must learn to not like him, to deceive our investors. Lenovo should be more than this. Investment is to rely on the company's efforts and wisdom to earn a certain return, if not understand business management, so they finance or fund-raising, and the Ponzi scheme is the same.
In the wheat-Astoria in this big scam, so many experts and scholars, as well as auditing firms, why not find the problem? I think they are afraid of their own responsibility, or do not want many things, but also unwilling to let their own interests at stake, just as our marketing director, said the same, kill bad guys 1000, self-injury 800. Many people are unwilling to damage their own immediate interests. Basically, he can promote a zero-risk in the stock market to earn high profits of the people are liars, and now China's stock market, there are many such swindlers. Really want everyone to recognize these traps. Return on investment is to rely on the efforts and labor to value-added, and something for nothing must be fraud. Sky Diaoxian Bing is a fraud, I very much agree.
Each of us are working for themselves and their companies, corporate investors, retirees and the basic return on investment depends on our work and pay can be guaranteed. If we took them to the wages and benefits, can not work efficiently, finally also harm our investors, the result is to make them their life savings and even help them struggling in bankruptcy. We know that the number of victims of wheat Astoria investors, but are we really for our investors and do? Is that they bear the greatest risk is that they gave us tremendous confidence.
Michael Randolph in a statement to the court, said he is now due to pain and suffering caused to the victims and tormented. He said: "I amsorry." He admitted: "I also for my family and my grandchildren have left a shame."