TY  - JOUR
AB  - Purpose 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.
VL  - 25
IS  - 2
SN  - 1359-0790
DO  - 10.1108/JFC-06-2017-0057
UR  - https://doi.org/10.1108/JFC-06-2017-0057
AU  - Manning Paul
PY  - 2018
Y1  - 2018/01/01
TI  - Madoff’s Ponzi investment fraud: a social capital analysis
T2  - Journal of Financial Crime
PB  - Emerald Publishing Limited
SP  - 320
EP  - 336
Y2  - 2024/04/19
ER  -