Fraudulent Schemes in the Financial Market (Financial Pyramids) – Detection and Prevention-Reference-Cited by-同舟云学术

Fraudulent Schemes in the Financial Market (Financial Pyramids) – Detection and Prevention

Published:2021 Issue:21 (1) Volume: Page:16-30
ISSN:2299-6834
Container-title:Financial Law Review
language:en
Short-container-title:Financ. Law Rev.

Author:

Čunderlík Ľubomír¹

Affiliation:

1. Department of Financial Law, Comenius University in Bratislava, Faculty of Law, Slovakia

Abstract

This contribution deals with fraudulent schemes in the financial market. The main aim of the contribution is to provide main identifying features of fraudulent practices that prove to be a financial pyramid. The author summarizes in one place numerous features that indicate the financial pyramid (Ponzi scheme), especially operating on the financial or capital market. He concludes, the state of play of legislation regarding the features is insufficient. The hypothesis to confirm or disprove is there is no uniform legal provision covering all features of the pyramid scheme in Slovakia, the relevant legislation is limited to the prohibition of certain practices, which a priori may not constitute a pyramid scheme.

Publisher

Uniwersytet Jagiellonski - Wydawnictwo Uniwersytetu Jagiellonskiego

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1. The Fraudulent Phenomenon of the Financial Pyramids in the Financial Industry;Finanse i Prawo Finansowe;2022-12-30