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dc.contributor.authorDrew, Jacquelineen_US
dc.contributor.authorDrew, Michaelen_US
dc.date.accessioned2017-05-03T12:58:43Z
dc.date.available2017-05-03T12:58:43Z
dc.date.issued2010en_US
dc.date.modified2010-10-06T06:56:48Z
dc.identifier.issn18350615en_US
dc.identifier.urihttp://hdl.handle.net/10072/34232
dc.description.abstractThe Global Financial Crisis has seen investors withdraw funds from investment schemes around the world seeking the safe harbour of cash and bonds. As new investment dried up and investor redemptions were lodged in record numbers, a raft of Ponzi and pyramid-like schemes have been uncovered. Like the promises made by Charles Ponzi to New England residents in the 1920s, the US$65 billion swindle overseen by Bernard L. Madoff has shaken investor confidence. In the wake of the Madoff scandal, the number of Ponzi-type scams being identified around the world has increased at a concerning rate. This phenomenon, popularly termed 'Ponzimonium', represents another significant challenge to investors and regulators alike in the post-GFC environment. This paper considers some of the red flags that surround the Madoff scandal and those aspects of external control that failed to identify the fraud earlier and highlights the need for a proactive approach to fraud detection.en_US
dc.description.peerreviewedYesen_US
dc.description.publicationstatusYesen_AU
dc.format.extent2770370 bytes
dc.format.mimetypeapplication/pdf
dc.languageEnglishen_US
dc.language.isoen_AU
dc.publisherDeakin Universityen_US
dc.publisher.placeAustraliaen_US
dc.publisher.urihttp://www.deakin.edu.au/buslaw/dbs/en_AU
dc.relation.ispartofstudentpublicationNen_AU
dc.relation.ispartofpagefrom6en_US
dc.relation.ispartofpageto17en_US
dc.relation.ispartofissue1en_US
dc.relation.ispartofjournalDeakin Business Reviewen_US
dc.relation.ispartofvolume3en_US
dc.rights.retentionYen_AU
dc.subject.fieldofresearchCriminology not elsewhere classifieden_US
dc.subject.fieldofresearchFinanceen_US
dc.subject.fieldofresearchcode160299en_US
dc.subject.fieldofresearchcode150201en_US
dc.titlePonzimonium - Madoff and the red flags of frauden_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 Deakin University. 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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