ABSTRACT

This chapter focuses on investors who lost money in Bernard Madoff's crime and who became involved in the legal process. It describes who these individuals are and how their financial losses affected their lives. The chapter examines their efforts—in their own words—to make sure their victimhood is fully understood. Both the Uniform Crime Report and the National Crime Victimization Survey—jointly used in the formulation of public policy—are concerned almost entirely with street crime. In the study of criminal behavior, social scientists have neglected white-collar crime and focused almost entirely on street crime and delinquency. The "captains of industry" who led the United States into the Industrial Revolution after the Civil War used bribery, kickbacks, and dubious financial schemes to acquire massive fortunes, but were called to account by few other than the radical left and muckrakers, after which they were renamed "robber barons".