Purpose This paper aims to identify psychological factors that influence people to be
involved in Ponzi and pyramid schemes. Design/methodology/approach A psychological …

The form of Ponzi scheme has evolved over many years and continues to change shape.
The interesting phenomenon from such as Ponzi Scheme is that although many investors …

Investors' confidence is often abused by individuals who take advantage of investors on the
financial market through fraudulent investment schemes. This article analyses factors that …

Purpose This paper aims to identify the key patronage factors that encouraged the public for
investment in the Modaraba scam–a Ponzi scheme perpetrated in Pakistan with a whim of …

Purpose Dubious investment schemes by unlisted companies are alluring individual
investors at the base of the pyramid to invest money and lose them. The purpose of the …

Purpose There is strong excitement during Ponzi schemes and financial bubble periods.
This emotion causes investors to turn to “unknown and new investment instruments”. This …

Purpose This paper aims to explore factors influencing Vietnamese people's susceptibility to
fraud through cryptocurrency Ponzi schemes. Design/methodology/approach This study …

The aim of this research is to examine empirically the influence of financial literacy on
investment decisions through ponzi and pyramid schemes. Variables embedded were …

A Ponzi scheme is one of the simplest, albeit effective, financial frauds to engineer, and new
schemes keep coming forward. Despite this, however, people continue to invest in them …

The 2009 conviction and sentencing of American investment adviser Bernard Madoff to 150
years in prison for 11 federal crimes involving a $65 billion Ponzi scheme has increased …