New PDF release: Con Game: Bernard Madoff and His Victims

By Lionel S. Lewis

ISBN-10: 1412846099

ISBN-13: 9781412846097

Bernard Madoff's monetary fraud was once international, an incredible amount of cash used to be concerned, and millions of individuals and countless numbers of associations have been swindled. Madoff's con online game was once a Ponzi scheme—an funding that will pay returns to early traders from funds got from next investors.This case research of the Madoff scheme seems on the results of his crimes at the sufferers. parts from a theoretical framework recommend by way of Erving Goffman supply a standpoint for realizing the advance and the aftermath of Madoff's con. for instance, as Goffman might have positioned it, Madoff's marks weren't cooled out. Many didn't settle for the truth that they have been sufferers of a con online game and publicly clamored for sympathy, restitution, and for public officers to percentage their perspective.Inside males, ropers, outdoor males, and sufferers are on the middle of con video games. Lionel S. Lewis emphasizes that it is very important comprehend a con game's features so one can snatch the way it operates. The Madoff fraud comprises components of numerous con video games. For a complete learn of this monetary crime, the case research needs to be visible as a part of the wider social process. significantly extra is understood in regards to the dynamics of con video games than approximately Ponzi schemes, and this truth frames this book's process. to higher comprehend what Madoff did, who was once significant in preserving his scheme alive, whom he defrauded, and the way they reacted, this paintings is as precious because it is illuminating.

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Con Game: Bernard Madoff and His Victims by Lionel S. Lewis

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