PSY 230 Lecture Notes - Lecture 13: Bernard Madoff, Financial Crimes, Psychopathy
Document Summary
Overview: economic crime: a brief taxonomy, white collar crime, psychopathy in the corporate world, outlaw motorcycle gangs (omgs, the big four , omg and crime, rnr implications of economic crime and omg membership. The babe ruth of white collar crime ! More modern monsters : bernie madoff (~2009, prominent figure, former chair of nasdaq stock exchange, ponzi scheme, attracted investors with high returns paid initially by subsequent investors, one of the largest frauds in us history. According to babiak and hare, white collar psychopaths are not apt to become serial rapists or murderers. Rather, they are prone to being sub criminal psychopaths:smooth talking, energetic individuals who easily charm their way into jobs and promotions but who are also exceedingly manipulative, narcissistic and ruthless. Ffm agreeableness and conscientiousness (mathieu & babiak, 2016) Ellsworth fersch"s observations of jeffrey skilling (fersch, 2006, p. 107) Skilling possessed the traits of a corporate psychopath.
