Revisiting the choice model of Ponzi and Pyramid schemes: analysis of case law

This exploratory study operationalizes the variables comprising the choice model of white collar crime through analyzing cases decided by federal courts, the Securities and Exchange Commission (SEC), and the Federal Trade Commission (FTC). Cases were extracted from the LEXIS-NEXIS, WESTLAW, and the NERA Economic Consulting databases and categorized according to the indicators of the choice model: size of pool of criminally predisposed, supply of lure, prevailing beliefs about credibility of external oversight, internal oversight and self-restraint, and supply of criminal opportunities. The findings show that unequal access to information among the investors and misuse of trust and affinity relationships affected the size of the pool of criminally tempted individuals. Supply of lure was affected through advances in modern technology and promises of wealth and material success at low costs and risks. Prevailing beliefs about the credibility of external oversight and internal corporate regulatory controls were affected by the efficiency and effectiveness of enforcement authorities. Variables described by the choice model of white collar crime can be operationalized through analysis of existing case law.     

A social psychological critique of the Saudi terrorism risk reduction initiative

Of great concern to policy makers and detention system administrators who face the need to release detainees suspected of terrorism is how to do so in ways that minimize risk to national security. Among responses taken by detention system administrators is the establishment of so-called ‘deradicalization’ (or ‘disengagement,’ or ‘terrorism risk reduction’) programs in which select detainees may participate to promote their own release. The present analysis critiques the Saudi terrorism risk reduction initiative in accord with two social psychological theories that are especially pertinent to the topic – identity theory and frame alignment theory – and offers policy suggestions based upon the theoretical strengths and weaknesses of the Saudi model.     

New methods for examining expertise in burglars in natural and simulated environments: preliminary findings

Expertise literature in mainstream cognitive psychology is rarely applied to criminal behaviour. Yet, if closely scrutinised, examples of the characteristics of expertise can be identified in many studies examining the cognitive processes of offenders, especially regarding residential burglary. We evaluated two new methodologies that might improve our understanding of cognitive processing in offenders through empirically observing offending behaviour and decision-making in a free-responding environment. We tested hypotheses regarding expertise in burglars in a small, exploratory study observing the behaviour of ‘expert’ offenders (ex-burglars) and novices (students) in a real and in a simulated environment. Both samples undertook a mock burglary in a real house and in a simulated house on a computer. Both environments elicited notably different behaviours between the experts and the novices with experts demonstrating superior skill. This was seen in: more time spent in high value areas; fewer and more valuable items stolen; and more systematic routes taken around the environments. The findings are encouraging and provide support for the development of these observational methods to examine offender cognitive processing and behaviour.     

Economic discourse and the capitalist order

This paper uses the concepts of business model and financial ecosystem to analyse the relation between the US capital market and corporate business. Under a capital market double standard, from 1995 to 2000, new companies with digital prospects could recover their costs from the capital market; but, after the tech stock crash in 2000, all companies were required to generate profits from the product market. This encourages a blurring of old and new firm identities, because sectoral power is increasingly necessary to secure cost recovery. But this does not imply any return to business as usual when the financial ecosystem for new technology survives the crash and large-scale venture capital investment continues. From this point of view,the new economy illustrated, concretely, the determining role of finance in the broader processes of financialization.     

From Family Values to Religious Freedom: Conservative Discourse and the Politics of Gay Rights

On the issue of gay rights, today’s social conservatives are more likely to describe their opposition as a matter of religious freedom or personal conscience as opposed to a belief that gays and lesbians represent an existential threat to the traditional family. But how new is this contemporary argument, and how different is it from the family values politics of the previous era? This article develops what Victoria Hattam and Joseph Lowndes call “associative chains” from two important moments in anti-gay politics: Anita Bryant’s Save Our Children campaign and Kim Davis’s decision to not issue gay marriage licenses in Rowan County, KY. On one level, these moments reveal competing roles of the state in the lives of its citizens. Family values politics authorized an interventionist state for the protection of children, while religious freedom defenders promote a zone of personal conscience impervious to the state. On another level, however, these moments reveal the mutability of social conservative opposition to gay rights. Calls for protecting religious freedom preserve a heterosexism derived from antecedent family values politics. The novelty of religious freedom as a defense for homophobia obscures a persistent social conservative commitment to using the state to enshrine the heteronuclear family.