ABSTRACT

For many victims of Madoff’s scam, the consequences extended beyond financial loss and included undesired media coverage and perhaps public humiliation. The victims of the Madoff fraud are constantly reminded of this scandal on television, in newspapers and magazines, and on the Internet. However, Glodstein et al. (2010) suggest that the human element of the fraud, which includes the personal pain and suffering of the victims, ultimately disappears from view.