MAIN IMPLICATIONS AND REACTIONS FOR THE PONZI SCHEMES’ VICTIMS
In the last years, the economic frauds have increased and diversified, the Ponzi schemes being one of them. This purpose of this paper is to highlights the main implications and reactions for the Ponzi schemes’ victims using a review method of books, articles and reports. The consequences of the Pon...
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| Format: | Article |
| Language: | English |
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Technopress
2022-08-01
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| Series: | Journal of Public Administration, Finance and Law |
| Subjects: | |
| Online Access: | https://www.jopafl.com/uploads/issue24/MAIN_IMPLICATIONS_AND_REACTIONS_FOR_THE_PONZI_SCHEMES_VICTIMS.pdf |
| Summary: | In the last years, the economic frauds have increased and diversified, the Ponzi schemes being one of them. This purpose of this paper is to highlights the main implications and reactions for the Ponzi schemes’ victims using a review method of books, articles and reports. The consequences of the Ponzi frauds on the victims are various, including financial, health and emotional aspects (depression, physical problems, and suicide attempts) and behavioural issues (self-blame, guilt and shame). Following a Ponzi scam, victims reported various reactions, including feelings of shame and guilt, while some tried to hide the they are victims to a fraud or to avoid the reporting to authorities. However, finding the types of effects and reactions of the victims may lead to awareness of existing risks and to a greater willingness of present and future victims to report these fraudulent acts. |
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| ISSN: | 2285-2204 2285-3499 |