02852nam 2200637Ia 450 991046407550332120210209195045.01-4623-7292-91-4527-7025-51-282-84315-X1-4518-7242-99786612843150(CKB)3170000000055248(EBL)1608258(SSID)ssj0000943014(PQKBManifestationID)11505579(PQKBTitleCode)TC0000943014(PQKBWorkID)10974785(PQKB)11029704(OCoLC)649710326(MiAaPQ)EBC1608258(MiAaPQ)EBC4954951(Au-PeEL)EBL4954951(CaONFJC)MIL284315(OCoLC)732599805(EXLCZ)99317000000005524820041202d2009 uf 0engur|n|---|||||txtccrPonzi schemes in the Caribbean[electronic resource] /prepared by Ana Carvajal ...[et. al.][Washington D.C.] International Monetary Fund20091 online resource (46 p.)IMF working paper ;WP/09/95Description based upon print version of record.1-4519-1677-9 Includes bibliographical references.Contents; I. Introduction; II. Background; III. Unregulated Investment Schemes in the Caribbean; A. Jamaica; B. Eastern Caribbean Currency Union and the Turks and Caicos Islands; IV. Addressing Unregulated Investment Schemes: Key Policy Lessons; A. Preconditions; B. Key Regulatory Actions; V. Conclusion; Annex I. Other Recent Investment Schemes; A. United States; B. Colombia; C. Lesotho; D. Albania; ReferencesIn several Caribbean states, unregulated investment schemes grew quickly in recent years by claiming unusually high monthly returns and through a system of referrals by existing members. These are features shared with traditional Ponzi schemes and pyramid schemes. This paper describes the growth of such schemes, their subsequent collapse, and the policy response of regulators, and presents key policy lessons. The analysis and recommendations draw on country experiences in the Caribbean, and in such diverse countries as the United States, Colombia, Lesotho, and Albania.IMF working paper ;WP/09/95.Securities fraudCaribbean AreaCommercial crimesCaribbean AreaElectronic books.Securities fraudCommercial crimes332.45Carvajal Ana971052MiAaPQMiAaPQMiAaPQBOOK9910464075503321Ponzi schemes in the Caribbean2488560UNINA