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dc.contributor.authorDrew, Jacquelineen_US
dc.contributor.authorDrew, Michaelen_US
dc.date.accessioned2017-04-24T10:03:40Z
dc.date.available2017-04-24T10:03:40Z
dc.date.issued2010en_US
dc.date.modified2010-10-06T06:56:37Z
dc.identifier.issn10383441en_US
dc.identifier.urihttp://hdl.handle.net/10072/34230
dc.description.abstractThere is voluminous commentary on the origins of the Global Financial Crisis (GFC), international attempts to limit the contagion and the Herculean effort to stop the global economy sliding into a depression. However, in the fast moving world of the GFC, the debate shifted to the search for answers to most challenging question - can we stop this from occurring again? To date, a number of responses have been formulated, including the need for a more holistic approach to regulating the global financial system; more stringent controls on banks and new financial products; and, reform of executive remuneration practices that encourage excessive risk taking. This paper suggests an additional issue in the reform debate warrants consideration. The adequacy and implementation of fraud detection systems in the financial services industry must be addressed. The monthly returns from the largest feeder fund in the US$65billion Ponzi scheme overseen by Bernard L. Madoff are analysed to demonstrate how the performance characteristics of investment schemes can be used as a potential 'red flag' indicator in a broad system of fraud detection. It is argued that performance characteristic analysis is likely to play an important role as one tool within a collection of quantitative and qualitative assessment controls able to identify fraud perpetration in the financial services industry.en_US
dc.description.peerreviewedYesen_US
dc.description.publicationstatusYesen_AU
dc.format.extent872160 bytes
dc.format.mimetypeapplication/pdf
dc.languageEnglishen_US
dc.language.isoen_AU
dc.publisherSocio-Legal Research Centre, Griffith Universityen_US
dc.publisher.placeAustraliaen_US
dc.publisher.urihttp://www.griffith.edu.au/law/griffith-law-reviewen_AU
dc.relation.ispartofstudentpublicationNen_AU
dc.relation.ispartofpagefrom51en_US
dc.relation.ispartofpageto70en_US
dc.relation.ispartofissue1en_US
dc.relation.ispartofjournalGriffith Law Review: Law Theory Societyen_US
dc.relation.ispartofvolume19en_US
dc.rights.retentionYen_AU
dc.subject.fieldofresearchFinanceen_US
dc.subject.fieldofresearchCauses and Prevention of Crimeen_US
dc.subject.fieldofresearchcode150201en_US
dc.subject.fieldofresearchcode160201en_US
dc.titleThe Identification of Ponzi Schemes: Can a Picture Tell a Thousand Frauds?en_US
dc.typeJournal articleen_US
dc.type.descriptionC1 - Peer Reviewed (HERDC)en_US
dc.type.codeC - Journal Articlesen_US
gro.facultyArts, Education & Law Group, School of Criminology and Criminal Justiceen_US
gro.rights.copyrightCopyright 2010 Griffith Law School. The attached file is reproduced here in accordance with the copyright policy of the publisher. Please refer to the journal's website for access to the definitive, published version.en_AU
gro.date.issued2010
gro.hasfulltextFull Text


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