Series: IMF Working Papers
Author(s): Ana Carvajal , Hunter Monroe , Catherine Pattillo , and Brian Wynter
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 April 2009
Keywords: Pyramid schemes, Ponzi schemes, investors, court, courts, regulatory framework, supreme court,
In several Caribbean states, unregulated investment schemes grew quickly in recent years by claiming unusually high monthly returns and through a system of referrals by existing members. These are features shared w...