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Black Swans, Ostriches, and Ponzi SchemesNancy B. RapoportUniversity of Nevada, Las Vegas, William S. Boyd School of Law August 17, 2012 Golden Gate University Law Review, Vol. 42, p. 627, 2012 UNLV William S. Boyd School of Law Legal Studies Research Paper Series Abstract: This essay discusses the relative culpability of the people who invested in Bernie Madoff's Ponzi scheme as well as some of the legal opinions in the case.
Number of Pages in PDF File: 15 Keywords: bankruptcy, Ponzi schemes, culpability, psychology, social sciences, Malcolm Gladwell JEL Classification: K1, K10, L15, L89, K2, K20, K22, K40, K42 Accepted Paper SeriesDate posted: August 18, 2012Suggested CitationContact Information
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