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dc.contributor.authorManning, Paul*
dc.date.accessioned2017-10-20T11:08:59Z
dc.date.available2017-10-20T11:08:59Z
dc.date.issued2017-05-08
dc.identifier.citationManning, P. (2017). Madoff’s Ponzi Investment Fraud: A Social Capital Analysis. Journal of Financial Crime, 25(2), 320-336. https://doi.org/10.1108/JFC-06-2017-0057
dc.identifier.doi10.1108/JFC-06-2017-0057
dc.identifier.urihttp://hdl.handle.net/10034/620669
dc.description.abstractPurpose: The social network analysis of criminal networks at both the ego and socio-centric level is well established. This purpose of this study is to expand this literature with a social capital analysis of a criminal network. The focus of the analysis will be the recent egregious investment fraud of Bernard L. Madoff Investment Securities (BLMIS). Design/methodology/approach: This research involves a case study of the BLMIS financial fraud. The article uses a social capital theoretical lens, with archival sources taken from the court records of Madoff v. NY to include victim impact statements and the defendant’s Plea Allocution. Findings: Financial crime literature can be expanded with a social capital analysis which facilitates a socio-economic analysis of ego-centric criminal networks. Research limitations/implications: Each financial crime is of its time; however, there are recurring socio-economic network characteristics that could be applied to develop an understanding of criminal networks. Practical implications: Any understanding of financial crime, including contemporary instances of criminal innovation, such as cyber-crime, can be enhanced with a social capital analysis of criminal networks. Originality/value: A social capital analysis of financial crime draws attention to “human factors” in criminal networks that are integral to this form of crime.
dc.language.isoenen
dc.publisherEmerald
dc.relation.urlhttps://www.emeraldinsight.com/doi/full/10.1108/JFC-06-2017-0057
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/en
dc.subjectSocial capital
dc.subjectPonzi scheme
dc.subjectMadoff
dc.subjectAffinity fraud
dc.titleMadoff’s Ponzi Investment Fraud: A Social Capital Analysis
dc.typeArticle
dc.identifier.eissn1758-7239
dc.contributor.departmentUniversity of Chesteren
dc.identifier.journalJournal of Financial Crimeen
dc.internal.reviewer-noteversion oken
dc.date.accepted2017-06-30
or.grant.openaccessYesen
rioxxterms.funderUnfundeden
rioxxterms.identifier.projectUnfundeden
rioxxterms.versionAMen
rioxxterms.licenseref.startdate2217-10-20
refterms.dateFCD2019-07-16T10:29:15Z
refterms.versionFCDAM
refterms.dateFOA2017-05-08T00:00:00Z
html.description.abstractPurpose: The social network analysis of criminal networks at both the ego and socio-centric level is well established. This purpose of this study is to expand this literature with a social capital analysis of a criminal network. The focus of the analysis will be the recent egregious investment fraud of Bernard L. Madoff Investment Securities (BLMIS). Design/methodology/approach: This research involves a case study of the BLMIS financial fraud. The article uses a social capital theoretical lens, with archival sources taken from the court records of Madoff v. NY to include victim impact statements and the defendant’s Plea Allocution. Findings: Financial crime literature can be expanded with a social capital analysis which facilitates a socio-economic analysis of ego-centric criminal networks. Research limitations/implications: Each financial crime is of its time; however, there are recurring socio-economic network characteristics that could be applied to develop an understanding of criminal networks. Practical implications: Any understanding of financial crime, including contemporary instances of criminal innovation, such as cyber-crime, can be enhanced with a social capital analysis of criminal networks. Originality/value: A social capital analysis of financial crime draws attention to “human factors” in criminal networks that are integral to this form of crime.


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