Wednesday, December 4, 2013

Period 2: Fraud - Class Recap

In the hopes of some snow later this week (it looks like the forecast is changing to no snow - sad times), here's a picture I like of a previous snowstorm in Portland, 2009.

Welcome back, everyone!

That certainly was quite the break - it was over a week, all told! It was nice to see everyone today and get back down to work. Only 5 more classes until break: really, not that much time left, at all! Here's the class recap for the day.

Soundtrack: “Refuge (When It’s Cold Outside)” by John Legend. Selected because it was really cold outside this morning, for sure. Lyrics here.

AGENDA 12/4/13:
Tort Reports
The Madoff Affair
Debrief
Book Work Catch Up

Homework: Review for upcoming test! Read the blog! Next tort reports assigned to: Jaxon and Kaitlyn.
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Tort Reports: Brendan and Bertina had articles for today.



Thank you both!

The Madoff Affair: Most of class was devoted to watching and then discussing this PBS Frontline documentary. If you missed class, or wanted to watch it again, here it is. The main point here was a look at what fraud is and the various (huge) lawsuits that came out of this case. I also wanted students to be answering these questions in notebooks:

1. How did Bernie Madoff’s scheme work?
2. What was the promised return on investment, per year? 
3. What is the “frontrunning” fraud for market makers?
4. How did Madoff originally get cleared by the Securities and Exchange Commission?
5. What were some of the lawsuits that came out of the Madoff fraud being discovered?

Debrief: After watching the documentary, we went over the answers and had a good discussion about the documentary and the specifics of the case. I was glad to hear how everyone was engaging in what happened and why.

Thanks, everyone! Next class, we will finish the last book work of the unit: Chapter 25.

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