The Politics of Ponzi Schemes: History, Theory, and Policy



In the space of three years, from 2009 to 2012 Bernie Madoff, Tom Petters and R. Allen Stanford were all convicted for running multi-billion dollar Ponzi schemes. These three schemes alone have had the largest financial take in U.S. history. But what role does 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?

Unraveling the answers to these questions (and many more), Marie Springer provides you with a representative portrait of Ponzi schemes, their perpetrators, and their victims. Adopting a multidisciplinary approach, she begins by presenting an overview of different types of Ponzi schemes. She later explores perpetrators and victims of Ponzi schemes followed by a close examination of economic trends, regulatory changes and the financial relationship with Ponzi schemes.

Highlights Include:

  • A non-technical overview of both offender based and offense-based approaches of 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

Product Details

Paperback, 338 Pages

Table of Contents:

Introduction: Ponzi Scheme Research and Overview

Part 1: The Ponzi Schemes

1. Ponzi Scheme and White-collar Crime

2. Typological Categories of Ponzi Schemes

3. Tools of Carrying out the Ponzi Schemes

4. Ways, Manner and Means Used to Carry Out the Schemes

5. The Money

Part 2: The Perpetrators and Victims

6. Trust, Persuasion, Gullibility and Greed

7. The Ponzi Perpetrators

8. The Victims

9. Sentencing and Sanctions

Part 3: Laws, Economics, and History

10. Economic Theory and Financial Trends

11. Laws, Regulation and Legislative History

12. Significant and Unique Ponzi Schemes in History

13. Conclusion