Ponzis : the science and mystique of a class of financial frauds (English)

Ponzis are among the most ubiquitous and least understood phenomena of economic life. They acquired a certain salience with the global financial crisis of 2008 and the crash of Bernie Madoff’s celebrated Ponzi scheme. This paper explains the structure of Ponzi schemes and goes on to argue that what makes this such a troubling phenomenon is its ability to be camouflaged amidst legitimate practices. It is shown, for instance, that the common practice...

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Author

Basu,Kaushik Chandra;
Document Date
2014/07/01
Document Type
Policy Research Working Paper
Report Number
WPS6967
Volume No
1
Total Volume(s)
1
Country
World,
Region
Other,
Disclosure Date
2014/07/16
Disclosure Status
Disclosed
Doc Name
Ponzis : the science and mystique of a class of financial frauds
Keywords
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Citation

Basu,Kaushik Chandra.

Ponzis : the science and mystique of a class of financial frauds (English). Policy Research working paper ; no. WPS 6967 Washington, DC : World Bank Group. http://documents.worldbank.org/curated/en/660611468148791146

Ponzis : the science and mystique of a class of financial frauds (English)

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