TY - JOUR
TI - Fraudulent Schemes in the Financial Market (Financial Pyramids) – Detection and Prevention
AU - Čunderlík, Ľubomír
TI - Fraudulent Schemes in the Financial Market (Financial Pyramids) – Detection and Prevention
AB - 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.
VL - 2021
IS - Issue 21 (1)/ 2021
PY - 2021
C1 - 2299-6834
SP - 16
EP - 30
DO - 10.4467/22996834FLR.21.002.13285
UR - https://ejournals.eu/en/journal/financial-law-review/article/fraudulent-schemes-in-the-financial-market-financial-pyramids-detection-and-prevention
KW - Ponzi scheme
KW - financial pyramid
KW - spontaneous Ponzi system
KW - multilevel marketing pyramid schemes
KW - features of the pyramid scheme
KW - prevention tools ex ante/ex post