Chapter 16 Pyramid Schemes
Author:
International Monetary Fund
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Language:
English
Print Publication Date:
26 Aug 1999
Keywords:
SEM; bank; central bank; bank regulator; certificate; consumer; bank supervisor; securities entitlement; e-money product; securities certificate; Securities; Government securities; Currencies; Capital flows; Global; East Asia; Europe; Western Europe; Middle East; pyramid schemes illegal; FTC investigator; Internet pyramid scheme; FTC precedent; investors share; Commercial banks; Credit; Wages; Southeast Asia; Eastern Europe

Abstract

What is striking about pyramid schemes is that while they are very old forms of fraud, modern technology has vastly multiplied their potential for harming our citizens. The Internet in particular offers pyramid builders a multilane highway to worldwide recruits in virtually no time.

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Cover Current Developments in Monetary and Financial Law, Vol. 1
Current Developments in Monetary and Financial Law, Vol. 1
ISBN:
9781557757968
Publication Date:
26 Aug 1999
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781557757968.072
Pages:
656