New Kelley School study finds psychological toll of Madoff fraud case went far beyond the victims

Millions of people are expected to tune in to tonight’s ABC broadcast of a miniseries about Bernie Madoff, who is serving a 150-year sentence for running one of the largest Ponzi schemes in U.S. history. Among them will be Noah Stoffman, an associate professor of finance in Indiana University’s Kelley School of Business, who suspects […]

Kelley professor’s model predicts which firms are manipulating disclosed earnings

Fraudulent financial practices have long been an issue in business, affecting the stability and credibility of financial markets.  Recognizing this, last summer the Securities and Exchange Commission created the Financial Reporting and Auditing Task Force. More easily identified as “FRAud,” the SEC task force has turned to people such as Messod Daniel Beneish, the Sam […]