ABSTRACT

The article will present two strategic cases of financial fraud that demonstrate the recurring reference points that conmen use to facilitate their white-collar crimes. The cases are constructed from the Ponzi and Madoff financial frauds, perpetrated by the most well swindlers of the twentieth and (so far) twenty-first centuries. The article will illustrate that their ‘modus operandi’ shared essential reference points, as it owed as much to their sophisticated socioeconomic insights and consequent exploitation of social capital processes, as it did to their sophisticated insights into criminal financial schemes and financial engineering.

This article will demonstrate that social relations and the resources that inhere in these relations (social capital) can be negative. This contribution will add to an emerging field of analysis that considers deviant organizational behavior. For this article, the negatives of social capital will be described as its shadow aspect, which for financial fraud includes decision-making based on excessive in-group trust, as well as general credulity replacing due diligence. The article’s theoretical contribution will be to develop understanding of historical phenomenon, in this instance of financial fraud, with the application of the shadow side of the social capital concept.

摘要

本文将介绍两个金融欺诈的战略案例，这些案例展示了conmen用来促进其白领犯罪的重复参考点。这些案件是由庞氏骗局和马多夫诈骗案构成的，这些诈骗案是二十世纪和（迄今为止）二十世纪最骗人的骗子犯下的。本文将说明他们的“作案手法”具有基本的参考点，这要归功于他们对社会经济过程的深刻理解和对社会资本过程的利用，以及对犯罪金融计划和金融工程的深刻见解。

本文将证明社会关系以及这些关系中的资源（社会资本）可能是负面的。这种贡献将增加一个新的分析领域，该分析领域考虑了组织行为异常。在本文中，社会资本的负面因素将被描述为其影子方面，对于金融欺诈而言，这包括基于过度的集团内信任的决策以及以一般的轻信代替尽职调查。本文的理论贡献是，在社会欺诈概念的影子方面的应用下，在金融欺诈的情况下，发展对历史现象的理解。