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Psychology of financial crime and Scams

By: Sam Vaknin

[ Posted On: 2009-03-06 ]

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: http://www.narcissistic-abuse.com/jews.html

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 -- http://www.narcissistic-abuse.com/conman-en.html

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:

• http://malignantselflove.tripod.com/npdglance.html

• http://samvak.tripod.com/personalitydisorders12.html

• http://samvak.tripod.com/personalitydisorders13.html

• http://samvak.tripod.com/personalitydisorders14.html

• http://malignantselflove.tripod.com/narcissismglance.html

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

• http://samvak.tripod.com/personalitydisorders16.html

• http://samvak.tripod.com/personalitydisorders15.html

Is Madoff malicious?

http://www.narcissistic-abuse.com/journal65.html

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

• http://www.narcissistic-abuse.com/faq57.html

• http://www.narcissistic-abuse.com/faq45.html

The Narcissist and Psychopath as Criminals -- http://health.groups.yahoo.com/group/narcissisticabuse/message/5003

The Narcissist is Above the Law -- http://health.groups.yahoo.com/group/narcissisticabuse/message/4983

The Narcissist as Liar and Con-man -- http://health.groups.yahoo.com/group/narcissisticabuse/message/4951

Does the Narcissist Have a Multiple Personality (Dissociative Identity Disorder)? -- http://health.groups.yahoo.com/group/narcissisticabuse/message/4950

Grandiosity, Fantasies, and Narcissism -- http://health.groups.yahoo.com/group/narcissisticabuse/message/4923

He feels no remorse -- http://health.groups.yahoo.com/group/narcissisticabuse/message/4931

He blames his victims (or the Universe) for the mess (he has alloplastic defenses) -- http://health.groups.yahoo.com/group/narcissisticabuse/message/5002

He loves the attention -- http://www.narcissistic-abuse.com/corporatenarcissism.html

You can download my book about financial crime here: http://www.narcissistic-abuse.com/freebooks.html

Article Source: http://www.afroarticles.com/article-dashboard

About The Author: Sam Vaknin( samvak.tripod.com ) is the author of Malignant Self Love - Narcissism Revisited & After the Rain - How the West Lost the East. He served as a columnist for Central Europe Review, Global Politician, PopMatters, eBookWeb, & Bellaonline, & as a United Press International (UPI) Senior Business Correspondent. He was the editor of mental health & Central East Europe categories in The Open Directory & Suite101. Sam's site: samvak.tripod.com

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