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Registered: 11-2008
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Psychology of financial crime and Scams

In December 2008, Bernard Madoff, a pillar of the Jewish community and of Wall Street, admitted to having run a 50 billion USD Ponzi (Pyramid) scheme, the biggest scam in history.

It is still debatable whether Bernard Madoff fits the profile of a classic scammer. Anti-Semites blame his ancestry, the society and culture he grew in:

To understand his psychology, you may wish to start by reading this short story I have written. It tackles in minute detail the psychodynamic processes in a con-man's mind as well as the curious bond that inevitably forms between perpetrator and victim

Madoff is, in all likelihood, a psychopathic narcissist:

For a more detailed view of pathological narcissism and the Narcissistic Personality Disorder (NPD) - click on these links:

NPD (Narcissistic Personality Disorder) and AsPD (Antisocial Personality Disorder, Psychopathy, or Sociopathy)

Is Madoff malicious?

He feels immune to the consequences of his actions and reinterprets his crimes to fit an ego-syntonic narrative:

The Narcissist and Psychopath as Criminals

The Narcissist is Above the Law

The Narcissist as Liar and Con-man

Does the Narcissist Have a Multiple Personality (Dissociative Identity Disorder)?

Grandiosity, Fantasies, and Narcissism

He feels no remorse

He blames his victims (or the Universe) for the mess (he has alloplastic defenses)

He loves the attention

You can download my book about financial crime here:

Encyclopedia of Narcissism and Psychopathy

Buy 16 books and video lectures on 3 DVDs about narcissists, psychopaths, and abusive relationships
Jan/6/2009, 4:45 am Link to this post  

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