Politics of Ponzi schemes : history, theory, and policy
- New York : Routledge, 2021
- xvi, 321 p. ; ill., 23 cm
Includes bibliographical references and index.
In the space of three years, from 2009-2012 Bernie Madoff, Tom Petters and R. Allen Stanford were all convicted for running multi-billion dollar Ponzi schemes. These three schemes alone have had the largest financial take in U.S. history. But what role does the economy and legislation play in the occurrences of Ponzi schemes? What is the nature, tools and mechanisms of Ponzi schemes? What can we know about Ponzi perpetrators? Unravelling the answers to these questions (and many more), Marie Springer provides the first representative portrait of Ponzi schemes, their perpetrators, and their victims. Adopting a multidisciplinary approach, she begins by presenting an overview of different types of Ponzi schemes. She later explores perpetrators and victims of Ponzi schemes followed by a close examination of economic trends, regulatory changes, and the financial relationship with Ponzi schemes. Other key features include: A non-technical overview of both offender based and offense-based approaches of studying this form of fraud. Examples of Ponzi schemes and Ponzi schemers. A wealth of descriptive statistics on known federal cases from the 1960s until the present to quantify this specific form of fraud. Broadening our understanding of Ponzi schemes as a form of white-collar crime, The Politics of Ponzi Schemes provides an excellent foundation for students and practitioners of public administration, banking, as well as investors, finance and accounting, law enforcement officers, legislators and regulators.
9781138616066
Political Science Social Science Criminology Public Affairs and Administration Affinity fraud Bankruptcy Dodd-frank IRA JP Morgan Chase Mail fraud White-collar crime Minsky theory