The Silence of the Madoffs

April 20, 2011

The FBI profiling group made famous in the movie The Silence of the Lambs is turning its attention to white collar criminals. It’s not that the FBI has grown bored with serial killers, it is more an indication of the growth industry white collar crime seems to have become.

The financial crisis not only was the undoing of Bernie Madoff’s long-running Ponzi scheme, it also brought down Allen Stanford’s empire and exposed dozens of other apparent investment schemes. And, lately, it appears federal authorities in New York keep finding another hedge fund trader who made money from illegal stock tips.

So there’s plenty of work for the FBI to do in trying to put together a composite of potential white collar felon. But there are plenty of skeptics about whether profiling can work for securities fraudsters.

For more on the debate read our Special Report, ” From Hannibal Lecter to Bernie Madoff” in PDF Format: fbiprofiling


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Hedge funds cannot be policed because they operate in secret and without regulations. Only after the damage is done can they retroactively be prosecuted but too late for redress for investors. The industry is criminal by nature and should be shut down.

Posted by Greenspan2 | Report as abusive

[…] US Attorney Preet Baharara says his office, …Are you an insider trader?FT Alphaville (blog)The Silence of the MadoffsReuters Blogs (blog)FBI Now Giving Madoff the Serial Killer TreatmentNew York […]

Posted by Special Report: From Hannibal Lecter to Bernie Madoff – Reuters :: Fraud News | Report as abusive

We live in a world of choices.

If you choose to put your hard-earned cash in the toilet bowl, be prepared for it to be flushed away.

Posted by doctorjay317 | Report as abusive