Back to Basics: Ponzi Schemes Are Here to Stay

Rory Tighe co-authored "Back to Basics: Ponzi Schemes are here to stay".  As might be expected, over the past few decades white-collar crime has evolved and become increasingly sophisticated through the use of advanced technology and the advent of cyber fraud. However, alongside the increase in the sophistication of fraudulent schemes, there also appears to have been a return of a classic – the Ponzi scheme. The last decade has seen some of the largest Ponzi schemes in history and there appears to be no slowdown on the horizon. It seems that, though new technology has created many new complicated and technical ways to perpetuate fraud, the basic and simple exploitation of trust-based relationships central to Ponzi schemes continues to be an incredibly lucrative way for fraudsters to earn money. Published by Financier Worldwide Magazine.