A form of crime in which Bernie Madoff engaged is a corporate crime where he has done an investment fraud of millions of dollars of their corporate clients.
Crime is an act performed by an individual which is against the laws of the country. The individual has to go on for punishment also depending on the nature of his/her crime.
The criminal activities which are performed by the management officials of a company or an organization are considered corporate crimes. it involves various types of acts like bribery, blackmailing, investment fraud, embezzlement of corporate capital, etc. The Ponzi scheme is a kind of investment fraud that has been done by Bernie Madoff.
Therefore, the fraudulent activity done by Bernie Madoff is treated as a corporate crime due to which there is a huge loss to their clients.
Learn more about corporate crimes in the given link:
https://brainly.com/question/15078906
#SPJ2
