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What is Ponzi Scheme

Chapter 5
Handbook of Research on Artificial Intelligence and Knowledge Management in Asia’s Digital Economy
Schemes to benefit from new members' money.
Published in Chapter:
The Trading Robot Regulatory Naratives: AI Implications in Indonesia
Hilarion Hamjen (Indonesia National Research and Innovation Agency, Indonesia), Vience Mutiara Rumata (The University of Esa Unggul, Indonesia), and Marudur Padapotan Damanik (Indonesia National Agency for Research and Innovation, Indonesia)
Copyright: © 2023 |Pages: 16
DOI: 10.4018/978-1-6684-5849-5.ch005
Abstract
Digital finance trading is a thriving market in Indonesia as an emerging country with enormous digital economy potency in the world. The increasing number of transactions in this market yields inevitable risks such as illegal trading, ponzi scheme, or binary option that may harm Indonesian investors as well as developers. Amid its huge potential in the future, this AI-based finance “trading robot” brings regulatory challenges since it may expose a gray area of the regulation. Study on this matter is limited. Therefore, this chapter introduces trading robot regulation in Indonesia based on narrative policy analysis approach through literature reviews, which highlights three domains of discussions: 1) the provider legality; 2) the technology specifications, and 3) the developer criteria.
Full Text Chapter Download: US $37.50 Add to Cart
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Chapter 23
“Truth,” Lies, and Deception in Ponzi and Pyramid Schemes
A fraudulent investing scam promising high rates of return with little risk to investors. The Ponzi scheme generates returns for older investors by acquiring new investors.
Published in Chapter: “Truth,” Lies, and Deception in Ponzi and Pyramid Schemes; From: Handbook of Research on Deception, Fake News, and Misinformation Online
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Chapter 9
A Maturity Model for Understanding and Evaluating Digital Money
Is a fraudulent investment scheme where the fraudster generates fake returns for the first investors through investments paid by new investors. High returns are promised by the fraudster to attract new investors. Rather than paying returns from legitimate business profits, the fraudster shifts money around. The system is destined to collapse, because the earnings, if any, are less than the payments to investors. The scheme is named after Charles Ponzi, who became notorious for using the technique in early 1920s.
Published in Chapter: A Maturity Model for Understanding and Evaluating Digital Money; From: Diverse Applications and Transferability of Maturity Models
Full Text Chapter Download: US $37.50 Add to Cart
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