Politics of Ponzi Schemes: History, Theory and Policy

Bernie Madoff, Tom Petters, and R. Allen Stanford were all convicted for running multi-billion dollar Ponzi schemes, which have had the largest financial take in U.S. history. Marie Springer's book "The Politics of Ponzi Schemes" provides a comprehensive overview of Ponzi schemes, their perpetrators, and their victims, exploring economic trends, regulatory changes, and the financial relationship with Ponzi schemes. It also offers a non-technical overview of both offender-based and offense-based approaches of studying this form of fraud and includes examples of Ponzi schemes and Ponzi schemers.

Format: Paperback / softback
Length: 322 pages
Publication date: 31 December 2020
Publisher: Taylor & Francis Ltd

In just a span of three years, from 2009 to 2012, Bernie Madoff, Tom Petters, and R. Allen Stanford were all found guilty of operating multi-billion dollar Ponzi schemes. These three schemes alone hold the record for the largest financial take in U.S. history. However, the question remains: what role do the economy and legislation play in the occurrences of Ponzi schemes? What is the nature of Ponzi schemes, and what are their tools and mechanisms? What can we know about Ponzi perpetrators?

To unravel these answers and many more, Marie Springer offers the first comprehensive portrait of Ponzi schemes, their perpetrators, and their victims. Adopting a multidisciplinary approach, she begins by providing an overview of different types of Ponzi schemes. She then delves into the profiles of Ponzi schemers and their victims, 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 to 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.

By broadening our understanding of Ponzi schemes as a form of white-collar crime, The Politics of Ponzi Schemes provides an excellent foundation for students, practitioners of public administration, banking, as well as investors, finance and accounting, law enforcement officers, legislators, and regulators.

Weight: 490g
Dimension: 151 x 227 x 25 (mm)
ISBN-13: 9781138616066