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The Fraudulent Phenomenon of the Financial Pyramids in the Financial Industry

dc.contributor.authorŚlusarek, Natalia
dc.date.accessioned2023-01-11T09:16:28Z
dc.date.available2023-01-11T09:16:28Z
dc.date.issued2022-12-30
dc.identifier.issn2391-6478
dc.identifier.urihttp://hdl.handle.net/11089/45283
dc.description.abstractThe purpose of the article is to present the fraudulent behaviour observable in the financial industry, which is the financial pyramid phenomena, through a detailed description of such occurrences together with the damage and consequences generated. This paper will include a solid piece of knowledge about this behaviour, and will also distinguish the similarities and differences between financial pyramids.Methodology of this paper is the critical analysis of the literature and comparative analysis of selected pyramids according to the criteria to compare and distinguish similarities and differences.Results of the research confirm that the phenomenon of the financial pyramids is very harmful to the financial industry but also to the participants and society as a whole. The losses generate every year are enormous, but on the other hand, there is suffering of the victims as well. To conclude, the financial pyramids are inseparable elements of the financial industry and moreover, they are very dangerous and destructive. The knowledge of the specificity of pyramids increases the safety of financial consumers in the financial market.en
dc.language.isoen
dc.publisherWydawnictwo Uniwersytetu Łódzkiegopl
dc.relation.ispartofseriesFinanse i Prawo Finansowepl
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0
dc.subjectfinancial pyramidsen
dc.subjectfinancial crimeen
dc.subjectfinancial abuseen
dc.subjectfinancial frauden
dc.subjectPonzi schemesen
dc.titleThe Fraudulent Phenomenon of the Financial Pyramids in the Financial Industryen
dc.typeArticle
dc.page.number87-107
dc.contributor.authorAffiliationUniwersytet Ekonomiczny w Katowicachen
dc.identifier.eissn2353-5601
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dc.contributor.authorEmailn.slusarekk@gmail.com
dc.identifier.doi10.18778/2391-6478.S2.2022.06


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