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

By Lionel S. Lewis

Bernard Madoff's monetary fraud was once international, a massive sum of money used to be concerned, and hundreds of thousands of individuals and hundreds and hundreds of associations have been swindled. Madoff's con video game used to be a Ponzi scheme—an funding that can pay returns to early traders from funds bought from next investors.This case research of the Madoff scheme appears to be like on the results of his crimes at the sufferers. parts from a theoretical framework recommend through Erving Goffman supply a viewpoint for realizing the improvement and the aftermath of Madoff's con. for instance, as Goffman could 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 proportion their perspective.Inside males, ropers, outdoor males, and sufferers are on the center of con video games. Lionel S. Lewis emphasizes that you will need to comprehend a con game's features that allows you to take hold of the way it operates. The Madoff fraud contains parts of various con video games. For a finished research of this monetary crime, the case research needs to be obvious 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 method. to raised comprehend what Madoff did, who used to be vital in conserving his scheme alive, whom he defrauded, and the way they reacted, this paintings is as important because it is illuminating.

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