International Business and Accounting Research Journal
Vol 7, No 2 (2023): July 2023

Ponzi Scammer: Old Wine in New Bottles?

Taofik Hidajat (Sekolah Tinggi Ilmu Ekonomi Bank BPD Jawa Tengah, Indonesia)
Thanh-Binh Phung (University of Economics and Law, Ho Chi Minh City
Vietnam National University Ho Chi Minh City, Vietnam)

Article Info

Publish Date
01 Jul 2023

Abstract

The purpose of this research is to learn how Ponzi scheme perpetrators recruit victims and to gain knowledge of the reasons why this fraud persists. This research used a qualitative methodology to collect data from Ponzi schemers. Most swindlers are the same people using various schemes, modes, and instruments. Public figures are used by scammers to build victims' trust, get access to various communities, and manipulate information. Public figures must be careful because scammers use them to attract victims. The novelty of this research is to fill the research gap on Ponzi schemes with a qualitative approach from the con artist's perspective.

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Journal Info
International Business and Accounting Research Journal
Website

Abbrev

ibarj

Publisher

Sekolah Tinggi Ekonomi dan Bisnis Islam Lampung

Subject

Economics, Econometrics & Finance

Description

International Business and Accounting Research Journal published by Sekolah Tinggi Ekonomi dan Bisnis Islam Lampung. The journal seeks to consolidate its position as the premier vehicle for the diversification of academic finance. The journal publishes high quality, insightful, well-written papers ...