{"id":"https://openalex.org/W2236588698","doi":"https://doi.org/10.1108/jfc-05-2014-0021","title":"Of Ponzi schemes and investment scams","display_name":"Of Ponzi schemes and investment scams","publication_year":2015,"publication_date":"2015-12-31","ids":{"openalex":"https://openalex.org/W2236588698","doi":"https://doi.org/10.1108/jfc-05-2014-0021","mag":"2236588698"},"language":"en","primary_location":{"id":"doi:10.1108/jfc-05-2014-0021","doi":"https://doi.org/10.1108/jfc-05-2014-0021","is_oa":false,"landing_page_url":"https://doi.org/10.1108/jfc-05-2014-0021","pdf_url":null,"source":{"id":"https://openalex.org/S180105601","display_name":"Journal of Financial Crime","issn_l":"1359-0790","issn":["1359-0790","1758-7239"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","jufo-1","norway-1","poland-40","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Financial Crime","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5014896974","display_name":"Aiman Nariman Mohd Sulaiman","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I4164984","display_name":"International Islamic University Malaysia","ror":"https://ror.org/03s9hs139","country_code":"MY","type":"education","lineage":["https://openalex.org/I4164984"]}],"countries":["MY"],"is_corresponding":false,"raw_author_name":"Aiman Nariman Mohd Sulaiman","raw_affiliation_strings":["(Faculty of Law, International Islaic University Malaysia, Kuala Lampur, Malaysia)"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"(Faculty of Law, International Islaic University Malaysia, Kuala Lampur, Malaysia)","institution_ids":["https://openalex.org/I4164984"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5078997384","display_name":"Azza Isma Moideen","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I3132398649","display_name":"International Islamic College","ror":"https://ror.org/01hssw521","country_code":"MY","type":"education","lineage":["https://openalex.org/I3132398649"]}],"countries":["MY"],"is_corresponding":false,"raw_author_name":"Azza Isma Moideen","raw_affiliation_strings":["(School of Management, International Islamic College, Kuala Lampur, Malaysia)"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"(School of Management, International Islamic College, Kuala Lampur, Malaysia)","institution_ids":["https://openalex.org/I3132398649"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5018793347","display_name":"Sharon David Moreira","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I12649496","display_name":"INTI International University","ror":"https://ror.org/03fj82m46","country_code":"MY","type":"education","lineage":["https://openalex.org/I12649496"]},{"id":"https://openalex.org/I4405277173","display_name":"INTI International College Penang","ror":"https://ror.org/01qq6jf30","country_code":"MY","type":"education","lineage":["https://openalex.org/I4405277173"]}],"countries":["MY"],"is_corresponding":false,"raw_author_name":"Sharon David Moreira","raw_affiliation_strings":["(INTI International University College, Penang, Malaysia)"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"(INTI International University College, Penang, Malaysia)","institution_ids":["https://openalex.org/I12649496","https://openalex.org/I4405277173"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":4,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":4.4738,"has_fulltext":false,"cited_by_count":18,"citation_normalized_percentile":{"value":0.9283294,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":87,"max":97},"biblio":{"volume":"23","issue":"1","first_page":"231","last_page":"243"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T14373","display_name":"Securities Regulation and Market Practices","score":1.0,"subfield":{"id":"https://openalex.org/subfields/3308","display_name":"Law"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T14373","display_name":"Securities Regulation and Market Practices","score":1.0,"subfield":{"id":"https://openalex.org/subfields/3308","display_name":"Law"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11995","display_name":"FinTech, Crowdfunding, Digital Finance","score":0.0,"subfield":{"id":"https://openalex.org/subfields/1404","display_name":"Management Information Systems"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12519","display_name":"Cybercrime and Law Enforcement Studies","score":0.0,"subfield":{"id":"https://openalex.org/subfields/3308","display_name":"Law"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/ponzi-schemes","display_name":"Ponzi schemes","score":0.9919999837875366},{"id":"https://openalex.org/keywords/investment-scams","display_name":"investment scams","score":0.9169999957084656},{"id":"https://openalex.org/keywords/regulatory-enforcement","display_name":"regulatory enforcement","score":0.6460000276565552},{"id":"https://openalex.org/keywords/investor-protection","display_name":"investor protection","score":0.9559999704360962},{"id":"https://openalex.org/keywords/gold-futures","display_name":"gold futures","score":0.9829999804496765},{"id":"https://openalex.org/keywords/madoff-ponzi-scheme","display_name":"Madoff Ponzi scheme","score":0.8450000286102295},{"id":"https://openalex.org/keywords/regulatory-failure","display_name":"regulatory failure","score":0.8700000047683716},{"id":"https://openalex.org/keywords/public-enforcement","display_name":"public enforcement","score":0.5379999876022339},{"id":"https://openalex.org/keywords/cross-border-investment","display_name":"cross-border investment","score":0.7310000061988831},{"id":"https://openalex.org/keywords/investor-compensation","display_name":"investor compensation","score":0.5709999799728394},{"id":"https://openalex.org/keywords/custodial-sentences","display_name":"custodial sentences","score":0.6069999933242798}],"concepts":[{"id":"https://openalex.org/C2779777834","wikidata":"https://www.wikidata.org/wiki/Q4202277","display_name":"Enforcement","level":2,"score":0.7928111553192139},{"id":"https://openalex.org/C2776811425","wikidata":"https://www.wikidata.org/wiki/Q2839009","display_name":"Allegation","level":2,"score":0.6072424650192261},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.576046884059906},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.503736674785614},{"id":"https://openalex.org/C2776529561","wikidata":"https://www.wikidata.org/wiki/Q157833","display_name":"Embezzlement","level":3,"score":0.469426691532135},{"id":"https://openalex.org/C2776291640","wikidata":"https://www.wikidata.org/wiki/Q2912517","display_name":"Value (mathematics)","level":2,"score":0.4533885419368744},{"id":"https://openalex.org/C190253527","wikidata":"https://www.wikidata.org/wiki/Q295354","display_name":"Law and economics","level":1,"score":0.4198595881462097},{"id":"https://openalex.org/C106306483","wikidata":"https://www.wikidata.org/wiki/Q183984","display_name":"Futures contract","level":2,"score":0.4165045917034149},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.37422776222229004},{"id":"https://openalex.org/C100001284","wikidata":"https://www.wikidata.org/wiki/Q2248246","display_name":"Public economics","level":1,"score":0.3309362232685089},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.3171149492263794},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.25975650548934937},{"id":"https://openalex.org/C202565627","wikidata":"https://www.wikidata.org/wiki/Q146491","display_name":"Criminal law","level":2,"score":0.19719794392585754},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.13337182998657227},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1108/jfc-05-2014-0021","doi":"https://doi.org/10.1108/jfc-05-2014-0021","is_oa":false,"landing_page_url":"https://doi.org/10.1108/jfc-05-2014-0021","pdf_url":null,"source":{"id":"https://openalex.org/S180105601","display_name":"Journal of Financial Crime","issn_l":"1359-0790","issn":["1359-0790","1758-7239"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","jufo-1","norway-1","poland-40","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Financial Crime","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:eme:jfc000:jfc-05-2014-0021","doi":null,"is_oa":false,"landing_page_url":"https://www.emerald.com/insight/content/doi/10.1108/JFC-05-2014-0021.html?utm_source=repec&utm_medium=feed&utm_campaign=repec","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:RePEc:eme:jfcpps:jfc-05-2014-0021","doi":null,"is_oa":false,"landing_page_url":"https://www.emerald.com/insight/content/doi/10.1108/JFC-05-2014-0021/full/html?utm_source=repec&utm_medium=feed&utm_campaign=repec","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/16","score":0.9200000166893005,"display_name":"Peace, justice, and strong institutions"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":1,"referenced_works":["https://openalex.org/W2888238661"],"related_works":["https://openalex.org/W4389685474","https://openalex.org/W3137483714","https://openalex.org/W2619795794","https://openalex.org/W4379137816","https://openalex.org/W3036807645","https://openalex.org/W4396863894","https://openalex.org/W3205665300","https://openalex.org/W7167868156","https://openalex.org/W7216892655","https://openalex.org/W2553835022"],"abstract_inverted_index":{"Purpose":[0],"\u2013":[1,97,122,194],"This":[2],"paper":[3,99,205],"aims":[4],"to":[5,18,35,48,135,169,181,209],"chart":[6],"the":[7,12,26,31,41,49,81,85,114,127,139,145,149,157,163,173,182,196,213,218],"enforcement":[8,45,107,124,142,166,219],"actions":[9,46,143],"taken":[10],"by":[11,30,101,144],"Malaysian":[13,32],"regulatory":[14,33,94,128,146,199],"authorities":[15,34,129,147],"in":[16,22,40,84,130,148,154,201],"relation":[17],"illegal":[19,109],"investment":[20,110],"schemes":[21,70,76,111,117],"Malaysia,":[23],"and":[24,61,90,116,172,188,215],"clarifies":[25],"various":[27],"strategies":[28],"adopted":[29],"ensure":[36,136],"protection":[37],"of":[38,93,103,108,126,156,161,185,198,212,217],"investors":[39,171],"capital":[42],"market.":[43],"The":[44,98,123,141],"relate":[47],"Swisscash":[50],"scheme":[51,89],"as":[52,54],"well":[53],"commodities":[55],"futures":[56],"involving":[57,66,118],"crude":[58],"palm":[59],"oil":[60],"a":[62,207],"more":[63],"recent":[64,175],"case":[65,104,176],"gold":[67],"futures.":[68],"These":[69],"share":[71],"similar":[72],"characteristics":[73],"with":[74,138],"Ponzi":[75,88],"that":[77],"were":[78],"thrust":[79],"into":[80],"international":[82],"limelight":[83],"notorious":[86],"Madoff":[87],"its":[91],"allegation":[92,197],"failure.":[95],"Design/methodology/approach":[96],"clarifies,":[100],"way":[102],"study,":[105],"public":[106,165],"promoted":[112],"through":[113],"Internet":[115],"cross-border":[119],"investments.":[120],"Findings":[121],"powers":[125],"Malaysia":[131],"are":[132,152],"being":[133],"utilized":[134],"compliance":[137],"law.":[140],"afore-stated":[150],"cases":[151],"significant":[153,189],"view":[155,208],"successful":[158],"custodial":[159],"sentence":[160],"imprisonment,":[162],"regulators\u2019":[164],"action":[167],"intended":[168],"compensate":[170],"most":[174],"which":[177],"is":[178],"unfolding,":[179],"due":[180],"large":[183],"number":[184],"alleged":[186],"perpetrators":[187],"wealth":[190],"transfer":[191],"involved.":[192],"Originality/value":[193],"Given":[195],"failure":[200],"other":[202],"jurisdictions,":[203],"this":[204],"enables":[206],"be":[210],"formulated":[211],"timeliness":[214],"appropriateness":[216],"actions.":[220]},"counts_by_year":[{"year":2026,"cited_by_count":2},{"year":2025,"cited_by_count":1},{"year":2024,"cited_by_count":3},{"year":2023,"cited_by_count":4},{"year":2022,"cited_by_count":3},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":3},{"year":2017,"cited_by_count":1}],"updated_date":"2026-11-07T11:25:07.637180","created_date":"2016-06-24T00:00:00"}