Who's Responsible for the Bernie Madoff Affair Artwork

Crisis of Crime

Crisis of Crime aims to educate about criminology and criminal justice reform. Is our Criminal Justice System broken, or working as intended? I suppose it would depend on who you ask. Join me as I explore criminological theory as well as topics such as systemic racism, discrimination, and reforms.

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Crisis of Crime

Who's Responsible for the Bernie Madoff Affair

April 12, 2021 • Rachel Means • Season 3 • Episode 9

In this episode, I discuss the regulatory bodies that were in place who failed to prevent the Bernie Madoff Affair, shared responsibility, and appropriate sanctions for all parties involved.

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Sources for this episode:
Definition. (2017). Ponzi. Dictionary.com, Retrieved from: http://www.dictionary.com/browse/ponzi--scheme
FINRA. (2009). FINRA Defends its Role in Madoff Scandal. Reuters, Retrieved from: http://www.reuters.com/article/us-madoff-finra-sb-idUSTRE50E0EQ20090115
Gaviria, M. (Director). (2009). The Madoff Affair [online video]. United States. PBS International
Moyer, L. (2009). How Regulators Missed Madoff. Forbes, Retrieved from: https://www.forbes.com/2009/01/27/bernard-madoff-sec-business-wall-street_0127_regulators.html
Schlegel, K., Weisburd, D. (1992). White-Collar Crime Reconsidered. Northeastern University Press.
SEC. (2011). General Information on the Regulation of Investment Advisors. U.S. Securities and Exchange Commission, Retrieved from: https://www.sec.gov/divisions/investment/iaregulation/memoia.htm