Exploring the Impact of Financial Crime: A Study Looking into the Effects of the Maxwell Scandal upon the Maxwell Pensioners
- 1 May 1999
- journal article
- Published by SAGE Publications in International Review of Victimology
- Vol. 6 (3), 213-230
- https://doi.org/10.1177/026975809900600304
Abstract
The following article documents the human impact of a particular form of ‘white-collar crime’ — that of pension fraud. Interviews with individuals whose pension money was stolen by Robert Maxwell are used, and the effect of this on their lives is examined. Results reveal that, similar to victims of physical and sexual violence and property crime, the Maxwell pensioners experienced a psychological, emotional, physical, financial and behavioural impact as a result of being victimised. It seems that financial crime and mismanagement can wreak a substantial toll upon investors.Keywords
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