Ponzi schemes are known worldwide for being maybe the most well-known financial scam. But how can Ponzi schemes legally operate more than a century after the first occurrence? Decades after thousands of people still squander most of their life savings on modern Ponzi Schemes, which have rebranded themselves in fancier and more captivating forms, such as "Multi-Level Marketing" which often happens to be Pyramidal Schemes. Still, the substance remains unchanged: promising high-interest rates in a relatively short span of time. This paper aims for deep research of the past, the present, and possibly the future of Ponzi schemes, from an economic, juridical, and social standpoint. 1 In particular, economic matters will be devised: the mathematics behind Ponzi Schemes, why they are not sustainable in the long run: how they fail and the calculation behind said collapse. Furthermore, social matters will be analyzed: how recruitment happens, peer pressure, the BITE model and the Cult-Like approach most Multi-Level Marketing Businesses employ to harness their employees. To conclude with the Juridical aspect of the matter, where famous Class Action and legal precedents on the matter will be devised along with corresponding national and/or international jurisdiction of the topic.

Field of Dreams: Schemi Ponzi e recenti ripercussioni delle truffe online.

PETRACCA, MATTEO
2021/2022

Abstract

Ponzi schemes are known worldwide for being maybe the most well-known financial scam. But how can Ponzi schemes legally operate more than a century after the first occurrence? Decades after thousands of people still squander most of their life savings on modern Ponzi Schemes, which have rebranded themselves in fancier and more captivating forms, such as "Multi-Level Marketing" which often happens to be Pyramidal Schemes. Still, the substance remains unchanged: promising high-interest rates in a relatively short span of time. This paper aims for deep research of the past, the present, and possibly the future of Ponzi schemes, from an economic, juridical, and social standpoint. 1 In particular, economic matters will be devised: the mathematics behind Ponzi Schemes, why they are not sustainable in the long run: how they fail and the calculation behind said collapse. Furthermore, social matters will be analyzed: how recruitment happens, peer pressure, the BITE model and the Cult-Like approach most Multi-Level Marketing Businesses employ to harness their employees. To conclude with the Juridical aspect of the matter, where famous Class Action and legal precedents on the matter will be devised along with corresponding national and/or international jurisdiction of the topic.
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/20.500.14240/137424