Ponzi Schemes in the Caribbean /

In several Caribbean states, unregulated investment schemes grew quickly in recent years by claiming unusually high monthly returns and through a system of referrals by existing members. These are features shared with traditional Ponzi schemes and pyramid schemes. This paper describes the growth of...

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Bibliographic Details
Main Author: Carvajal, Ana
Other Authors: Monroe, Hunter, Pattillo, Catherine, Wynter, Brian
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2009.
Series:IMF Working Papers; Working Paper ; No. 2009/095
Online Access:Full text available on IMF