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2 Ιουλ 2021 · Modaraba scheme was operational in different areas of Pakistan as a Ponzi scheme. This research attempted to identify key red flags of the scam and suggest few lessons on the prevention of Ponzi schemes.
They acquired a certain salience with the global financial crisis of 2008 and the crash of Bernie Madoff’s celebrated Ponzi scheme. This paper explains the structure of Ponzi schemes and argues that what makes this such a troubling phenomenon is its ability to be camouflaged amid legitimate practices.
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