Citation

Investor Fraud: A Test for General Victimology

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Abstract:

Recent news reports, both print and electronic, have featured articles detailing several instances of investor fraud, where investment professionals use elaborate techniques (e.g., Ponzi schemes) to defraud investors. The focus of those reports is one the victims of these types of frauds and the responses of those who have fallen prey to the schemes. The victims of these schemes are both viewed with skepticism and empathy from the public. Utilizing a “general” theory of victimization, this paper relies on our theoretical model to explain the mixed reactions by the public through the processes required to gain “victim status.” Several factors, such as the amount of harm created, the influence of watchdog groups, and personal factors all play a role in the attainment of victim status and any victim entitlements. Findings provided indicate how the differential response to victims of these types of schemes can be explained using this theoretical model.
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Association:
Name: ASC Annual Meeting
URL:
http://www.asc41.com


Citation:
URL: http://citation.allacademic.com/meta/p372806_index.html
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MLA Citation:

Brewster, Dennis., Holley, Philip. and Brown, Dan. "Investor Fraud: A Test for General Victimology" Paper presented at the annual meeting of the ASC Annual Meeting, Philadelphia Marriott Downtown, Philadelphia, PA, Nov 04, 2009 <Not Available>. 2014-11-28 <http://citation.allacademic.com/meta/p372806_index.html>

APA Citation:

Brewster, D. R., Holley, P. D. and Brown, D. R. , 2009-11-04 "Investor Fraud: A Test for General Victimology" Paper presented at the annual meeting of the ASC Annual Meeting, Philadelphia Marriott Downtown, Philadelphia, PA <Not Available>. 2014-11-28 from http://citation.allacademic.com/meta/p372806_index.html

Publication Type: Conference Paper/Unpublished Manuscript
Review Method: Peer Reviewed
Abstract: Recent news reports, both print and electronic, have featured articles detailing several instances of investor fraud, where investment professionals use elaborate techniques (e.g., Ponzi schemes) to defraud investors. The focus of those reports is one the victims of these types of frauds and the responses of those who have fallen prey to the schemes. The victims of these schemes are both viewed with skepticism and empathy from the public. Utilizing a “general” theory of victimization, this paper relies on our theoretical model to explain the mixed reactions by the public through the processes required to gain “victim status.” Several factors, such as the amount of harm created, the influence of watchdog groups, and personal factors all play a role in the attainment of victim status and any victim entitlements. Findings provided indicate how the differential response to victims of these types of schemes can be explained using this theoretical model.


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