1. Too Good to Be True? Statistically Impossible Returns" concerning Harry Markopolos’s use of statistical modeling to identify Bernie Madoff’s Ponzi scheme. What role should statistical analysis and probability modeling have played in the regulatory environment that could have identified the Madoff Ponzi scheme disaster earlier?

2. How can businesses protect themselves from embezzlement? What are some specific strategies that could be devised to ensure that bookkeepers or accountants do not skim money from the business?

3. If you caught an employee stealing one dollar’s worth of office supplies, what would you do? What about twenty five dollars’ worth of supplies? One hundred dollars’? One thousand? Should employees be trained not to even take a pencil home? Would that type of training be worth the cost of the training itself?