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Understanding Ponzi Schemes

Author

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  • Mervyn K. Lewis

Abstract

A Ponzi scheme is one of the simplest, albeit effective, financial frauds to engineer, and new schemes keep coming forward. Despite this, however, people continue to invest in them. How are we to account for the seemingly never-ending lure of such schemes? In providing answers to this central question, this concise and well-researched book examines how Ponzi schemes operate, how they differ from pyramid schemes, Ponzi finance and other financial arrangements.

Individual chapters are listed in the "Chapters" tab

Suggested Citation

  • Mervyn K. Lewis, 2015. "Understanding Ponzi Schemes," Books, Edward Elgar Publishing, number 15511.
    • Handle: RePEc:elg:eebook:15511
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    File URL: https://www.elgaronline.com/view/9781782549093.xml
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    Book Chapters

    The following chapters of this book are listed in IDEAS

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    Keywords

    Economics and Finance;

    JEL classification:

    • G0 - Financial Economics - - General

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