The Identification of Ponzi Schemes
Can a Picture Tell a Thousand Frauds
Datos Bibliográficos
| ID | 14970918 |
|---|---|
| Autores | Jacqueline M Drew (0000-0001-5586-7873, Griffith University, autor de correspondencia), Michael E Drew (0000-0002-2822-9611) |
| Año | 2010 |
| Volumen | 19 |
| Número | 1 |
| Páginas | 51-70 |
| Fecha de publicación | 2010-01-01 |
| Open Access | No |
| Tipo | ARTICLE |
| Revista | Griffith Law Review (JOURNAL) |
| Identificadores de la revista | ISSN: 1038-3441 • E-ISSN: 1839-4205 |
| Editorial | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/10854668.2010.10854668 |
| OpenAlex | W1506425691 |
| Idioma | EN |
| Citas recibidas | 2 |
| Referencias citadas | 4 |
There is voluminous commentary on the origins of the global financial crisis (GFC), international attempts to limit the contagion and the Herculean effort to stop the global economy sliding into a depression. However, in the fast-moving world of the GFC, the debate shifted to the search for answers to the most challenging question: can we stop this from occurring again? To date, a number of responses have been formulated, including the need for a more holistic approach to regulating the global financial system, more stringent controls on banks and new financial products and reform of executive remuneration practices that encourage excessive risk-taking. This article suggests that an additional issue in the reform debate warrants consideration. The adequacy and implementation of fraud-detection systems in the financial services industry must be addressed. The monthly returns from the largest feeder fund in the US$65 billion Ponzi scheme overseen by Bernard L Madoff are analysed to demonstrate how the performance characteristics of investment schemes can be used as a potential red flag indicator in a broad system of fraud detection. It is argued that performance characteristic analysis is likely to play an important role as one tool within a collection of quantitative and qualitative assessment controls able to identify fraud perpetration in the financial services industry
Business · Economics · Financial crisis · Financial services · Great Depression · Identification (biology · Investment (military · Investment banking · Macroeconomics · Political science · Politics · Project commissioning · Publishing · Remuneration · Crime, Illicit Activities, and Governance · Cybercrime and Law Enforcement Studies · Law · Spam and Phishing Detection · Accounting · Finance
| Citas por año | 0,4 |
|---|---|
| Intervalo de citas | 2021 - 2021 (1) |
| Altamente citado | No |