Knowledgeable consumers? Corporate fraud and its devastating impacts
Dr Basia Spalek, University of Birmingham. (August 2007)
On 20 August 2007, Harm and Society published 'Knowledgeable consumers? Corporate fraud and its devastating impacts' by Dr Basia Spalek of the University of Birmingham.
In this briefing Dr Basia Spalek draws together the findings from her research on the experiences of people affected by corporate fraud and its long-term impacts. She draws on her research with Maxwell pensioners and those employed by the Bank of Credit and Commerce International (BCCI), and then reflects on other recent financial scandals such as WorldCom and Enron. This research shows that the harms caused by corporate fraud are equivalent to, and often more devastating than, those usually focused on by the criminal justice system.