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dc.contributor.authorDrew, JM
dc.contributor.authorDrew, ME
dc.date.accessioned2017-05-03T12:58:42Z
dc.date.available2017-05-03T12:58:42Z
dc.date.issued2010
dc.date.modified2010-10-06T06:56:37Z
dc.identifier.issn1038-3441
dc.identifier.urihttp://hdl.handle.net/10072/34230
dc.description.abstractThere is voluminous commentary on the origins of the Global Financial Crisis (GFC), international attempts to limit the contagion and the Herculean effort to stop the global economy sliding into a depression. However, in the fast moving world of the GFC, the debate shifted to the search for answers to most challenging question - can we stop this from occurring again? To date, a number of responses have been formulated, including the need for a more holistic approach to regulating the global financial system; more stringent controls on banks and new financial products; and, reform of executive remuneration practices that encourage excessive risk taking. This paper suggests an additional issue in the reform debate warrants consideration. The adequacy and implementation of fraud detection systems in the financial services industry must be addressed. The monthly returns from the largest feeder fund in the US$65billion Ponzi scheme overseen by Bernard L. Madoff are analysed to demonstrate how the performance characteristics of investment schemes can be used as a potential 'red flag' indicator in a broad system of fraud detection. It is argued that performance characteristic analysis is likely to play an important role as one tool within a collection of quantitative and qualitative assessment controls able to identify fraud perpetration in the financial services industry.
dc.description.peerreviewedYes
dc.description.publicationstatusYes
dc.format.extent872160 bytes
dc.format.mimetypeapplication/pdf
dc.languageEnglish
dc.language.isoeng
dc.publisherSocio-Legal Research Centre, Griffith University
dc.publisher.placeAustralia
dc.publisher.urihttps://www.tandfonline.com/doi/abs/10.1080/10854668.2010.10854668
dc.relation.ispartofstudentpublicationN
dc.relation.ispartofpagefrom51
dc.relation.ispartofpageto70
dc.relation.ispartofissue1
dc.relation.ispartofjournalGriffith Law Review: Law Theory Society
dc.relation.ispartofvolume19
dc.rights.retentionY
dc.subject.fieldofresearchFinance
dc.subject.fieldofresearchCauses and prevention of crime
dc.subject.fieldofresearchLaw and legal studies
dc.subject.fieldofresearchcode350202
dc.subject.fieldofresearchcode440201
dc.subject.fieldofresearchcode48
dc.titleThe Identification of Ponzi Schemes: Can a Picture Tell a Thousand Frauds?
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
gro.facultyArts, Education & Law Group, School of Criminology and Criminal Justice
gro.rights.copyright© 2010 Griffith Law School. The attached file is reproduced here in accordance with the copyright policy of the publisher. Please refer to the journal's website for access to the definitive, published version.
gro.date.issued2010
gro.hasfulltextFull Text
gro.griffith.authorDrew, Michael E.
gro.griffith.authorDrew, Jacqueline M.


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