Sociology of Law, Crime and Deviance / Sociology of Media & Communication

“High Status” Crime That Does Pay

[youtube=http://www.youtube.com/watch?v=mMQTiD-FAlw]by NickieWild The Bernard Madoff investment scandal has wiped out dozens of individual investors. Many charitable organizations and non-profit groups have been affected by the scam, such as the Innocence Project, Human Rights Watch, and The Center for Constitutional Rights. The JEHT Foundation, dedicated to funding organizations that promote open government and voter registration drives, has been forced to close completely. The scam he has admitted to carrying out is a Ponzi scheme, which is a type of white-collar crime...