The Main Characteristics of Ponzi Scams: A Case Study on Israel
In the last hundred years, Ponzi frauds have taken place in exactly the same method. The variety of fraud types reflects worldwide the creativity of the fraud initiator, on the one hand, and the motivation of investors for high returns in a short period, on the other hand. The purpose of this art...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Ovidius University Press
2022-12-01
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| Series: | Ovidius University Annals: Economic Sciences Series |
| Subjects: | |
| Online Access: | https://stec.univ-ovidius.ro/html/anale/RO/2022-issue2/Section%203/2.pdf |
| _version_ | 1797901574511525888 |
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| author | Eldad Bar Lev Liviu-George Maha |
| author_facet | Eldad Bar Lev Liviu-George Maha |
| author_sort | Eldad Bar Lev |
| collection | DOAJ |
| description | In the last hundred years, Ponzi frauds have taken place in exactly the same method. The
variety of fraud types reflects worldwide the creativity of the fraud initiator, on the one hand, and
the motivation of investors for high returns in a short period, on the other hand. The purpose of this
article is to analyze the main characteristics of Ponzi frauds and to presents a case study of Ponzi
frauds in Israel. To achieve this purpose, a reviewing methodology was established, consisting in
main theoretical background, a sample of 30 major Ponzi frauds around the world and a case
study on Israel. The main findings are that the most used Ponzi frauds are regarding the use of a
false brokerage, both Israel and around the world, while a new trend in Ponzi schemes is the
cryptocurrency frauds. |
| first_indexed | 2024-04-10T09:03:03Z |
| format | Article |
| id | doaj.art-2b8170163d2a454986234776c8e23a0a |
| institution | Directory Open Access Journal |
| issn | 2393-3127 |
| language | English |
| last_indexed | 2024-04-10T09:03:03Z |
| publishDate | 2022-12-01 |
| publisher | Ovidius University Press |
| record_format | Article |
| series | Ovidius University Annals: Economic Sciences Series |
| spelling | doaj.art-2b8170163d2a454986234776c8e23a0a2023-02-21T08:25:50ZengOvidius University PressOvidius University Annals: Economic Sciences Series2393-31272022-12-01XXII2245254The Main Characteristics of Ponzi Scams: A Case Study on IsraelEldad Bar Lev0Liviu-George Maha1“Alexandru Ioan Cuza” University of Iasi, Doctoral School of Economics and Business Administration, RomaniaStefan-Catalin Topliceanu “Alexandru Ioan Cuza” University of Iasi, Faculty of Economics and Business Administration, RomaniaIn the last hundred years, Ponzi frauds have taken place in exactly the same method. The variety of fraud types reflects worldwide the creativity of the fraud initiator, on the one hand, and the motivation of investors for high returns in a short period, on the other hand. The purpose of this article is to analyze the main characteristics of Ponzi frauds and to presents a case study of Ponzi frauds in Israel. To achieve this purpose, a reviewing methodology was established, consisting in main theoretical background, a sample of 30 major Ponzi frauds around the world and a case study on Israel. The main findings are that the most used Ponzi frauds are regarding the use of a false brokerage, both Israel and around the world, while a new trend in Ponzi schemes is the cryptocurrency frauds. https://stec.univ-ovidius.ro/html/anale/RO/2022-issue2/Section%203/2.pdfwhite-collar crimesinvestment fraudeconomic crimeglobal financial frauds |
| spellingShingle | Eldad Bar Lev Liviu-George Maha The Main Characteristics of Ponzi Scams: A Case Study on Israel Ovidius University Annals: Economic Sciences Series white-collar crimes investment fraud economic crime global financial frauds |
| title | The Main Characteristics of Ponzi Scams: A Case Study on Israel |
| title_full | The Main Characteristics of Ponzi Scams: A Case Study on Israel |
| title_fullStr | The Main Characteristics of Ponzi Scams: A Case Study on Israel |
| title_full_unstemmed | The Main Characteristics of Ponzi Scams: A Case Study on Israel |
| title_short | The Main Characteristics of Ponzi Scams: A Case Study on Israel |
| title_sort | main characteristics of ponzi scams a case study on israel |
| topic | white-collar crimes investment fraud economic crime global financial frauds |
| url | https://stec.univ-ovidius.ro/html/anale/RO/2022-issue2/Section%203/2.pdf |
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