Con game: Bernard Madoff and his victims

2012; Association of College and Research Libraries; Volume: 50; Issue: 03 Linguagem: Inglês

10.5860/choice.50-1576

ISSN

1943-5975

Tópico(s)

Organizational Management and Leadership

Resumo

Bernard Madoff's financial fraud was global, an enormous amount of money was involved, and thousands of people and hundreds of institutions were swindled. Madoff's Con Game was a Ponzi scheme - an investment that pay returns to early investors from money acquired from subsequent investors. This case study looks at the effects of his crimes on the victims. Elements from a theoretical framework put forward by Erving Goffman provide a perspective for understanding the development and the aftermath of MadoffAEs con.

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