Bernie Madoff, and the creation and subversion of regulatory authority

This paper revisits the Maddof ponzi scheme scandal to illustrate two themes. The first the extent to which government action creates the malpractice it will later investigate and censure. Secondly, the extent to which the affinity between Maddof and his victims, who were often fellow Jews, indicates the role of trust and its breach in the growing incidence of such crimes.

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Year of publication:	2013
Authors:	Forbes, William
Published in:	International Journal of Behavioural Accounting and Finance. - Inderscience Enterprises Ltd, ISSN 1753-1969. - Vol. 4.2013, 1, p. 74-91
Publisher:	Inderscience Enterprises Ltd
Subject:	financial regulation \| capture theory \| breach of trust \| Bernie Madoff \| regulatory authority \| government action \| fraud \| malpractice

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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