Business Scams By Matthew Peveler. What is a scam/fraud? A fraud is defined as something that is an intentional deception made for personal gain or to.

Slides:

Advertisements

Similar presentations

The Global Financial Crisis, in Brief..  The root cause was runaway borrowing and debt based on the inflated value of “assets”  Plus the lending of.

Advertisements

The Future of Financial Regulation Vedat Akgiray Chairman, CMB

'Greed, for lack of a better word, is good. Greed is right. Greed works (Gordon Gekko, Wall Street, 1987)’. A contemporary review of the relationship between.

State Farm Financial Literacy Lab (FIU).  A philosophy that deals with values relating to people’s conduct when it comes to the rightness and wrongness.

Name _____________________ Germany’s Economy After the War Signed at the 1919 Paris Peace Conference, the Treaty of Versailles — the formal agreement that.

Warm Up: Identity Theft: Quick Write 1. What is Identity Theft? 2. What is Fraud?

Financial Fraud Examples Georgia CTAE Resource Network Curriculum Office, February 2009 To accompany curriculum for the Georgia Peach State Career Pathways.

L EARNING, E ARNING, AND I NVESTING FOR A N EW G ENERATION © C OUNCIL FOR E CONOMIC E DUCATION, N EW Y ORK, NY T HE R OLE OF G OVERNMENT IN F INANCIAL.

Introduction Bernard Lawrence "Bernie" Madoff; (born April 29, 1938) is an American former financier and convicted felon. Madoff, who once served as a.

Ponzi Scheme, Bernard Madoff, Nick Leeson

Lessons from the British Experience and History Professor Leslie Hannah November 2009 Investor Protection in China.

JFA Dinner 2011 Update on the Funds Industry Globally and in Jersey By Nigel Strachan, Chairman of the JFA.

OBALONYE PAUL IFEANYI ALPARI PARTNERS A PAMM-Account is a trading account that consists of one or several Managed Accounts, which come together.

The Great Recession Causes & Prospects

The Causes of the Great Depression

Topic: Stock Market Crash 1.People bought stock to invest in companies. 2.Stock prices began to rise and people began to borrow money.

THE STOCK MARKET CRASH AND THE GREAT DEPRESSION EVENTS THAT HELPED CAUSE THE STOCK MARKET CRASH: 1. OVERSPECULATION: Stock prices had risen far above the.

12/28/09 Department of Commerce & Consumer Affairs Business Registration Division Office of the Securities Commissioner Investor Education Program.

Chapter 23 – Section 1 Hoover and the Crash

Utah Division of Securities Keith Woodwell Director, Utah Division of Securities Division of Securities Update: Current Trends, New Legislation, Staying.

Learning Goal: Understand how to calculate investments using decimals and percentages in a mock stock market investment.

Secrets of a Market Maker

The Stock Market and the Great Depression Watching the economy crumble.

Defining Fraud Unit 2 Seminar. Defining Fraud In this weeks seminar, be prepared to discuss a recent case where fraud was at the center of the alleged.

Investing 101 – Part 3 Spotting Frauds and Scams.

The London Economy Justine Lovatt - LCCI Economist 1 May 2003.

KRUGMAN'S MACROECONOMICS for AP* 26 Margaret Ray and David Anderson Module The Federal Reserve System: History and Structure.

The Great Depression ( ) Unit Objectives Analyze and Explain: 1. What a “depression” is 2. Causes of the “Gr. Dep.” 3. Solutions? 4. How it affected.

Lecture # 13. "Bankers who hire money hungry geniuses should not always express surprise and amazement when some of them turn around with brilliant, creative,

Investment Scams By: Adam Majka. What is investment fraud? Investment fraud is the use of false advertisement to get investors to purchase what seems.

Faculty of Business and Law University of the West of England

The Economy During the Great Depression Q9fh4aTcOLg.

 Born on Feb. 25, 1967 in Watford, England  After finishing school in 1985, he got a job as a clerk with an exclusive private bank called Coutts  He.

3. USA, essays to learn BUT only 1 to write in the exam.

Mercer Limited is authorised and regulated by the Financial Services Authority Registered in England No Registered Office: 1 Tower Place West,

Phishing Internet scams. Phishing phishing is an attempt to criminally and fraudulently acquire sensitive information, such as usernames, passwords and.

Financial Forecast Presentation Andy Capes Audit Partner.

The Stock Market Crash. Stock Market Down Jones Industrial Average   March  Sept  Keeping track of points was very popular.

Finance Cornwall Fund Mangers are regulated and authorised by the Financial Services Authority.

Recognizing Deception and Fraud

Department of Commerce & Consumer Affairs Commissioner of Securities Office Investor Education Program.

The Stock Market and the Great Depression Watching the economy crumble.

 Do Now: What do you know about the Stock Market or Stocks? Objectives: Students will be able to...(1) describe how the stock market works (2) analyze.

Wall Street 2 (Day 3) Take Handout Take out notebook – Write down How did this start? You will Understand how events from 1980’s to 2006 led to crash and.

Why is housing in the UK a distorted market? To see more of our products visit our website at Nigel Watson.

Haba Yousif Lassal Inungu Joe Elian

Fund Manager What is a Ponzi Scheme? Lured by the promise of profits, initial investors send money to a fund manager who appears to be legitimate.

The Global Capital Market Hill, Chapter 11. Review: Basic Economics Economists teach that the most efficient use of resources can be achieved by free.

Ethics: What do they mean to me in business? Interactive Quiz.

Brazil's BOP Crisis. Inflation: The Root of the Problem Runaway inflation was ranging from 100% to 3,000% a year.

Y Your task is to analyze the clues about what caused the Great Depression. Follow your teacher’s instructions about completing the activity.

CORPORATE ECONOMIC CRIMES Bibliography Laureen Snider, Corporate and White Collar Crime, Sage Publications, 2008.

December 3, 2015 Entry Task: What is fraud? What is identity theft? Target: Work in groups to research common types of fraud and present findings to the.

Stock Market Jobs Nick Nolan Period: 2 Moeller. Stock Broker Full Service Broker –Execute trades –Offer advice to clients –Ex: Citigroup & Morgan Stanley.

Unit #8 The Great Depression of 1930s LESSON #8:1 The Crash of the Economy p

5.6- Demonstrate how to be a responsible consumer in the 21 st century Roll Call Question: Something that you learned in this unit.

 The day that many view the Great Depression starting was Black Tuesday.  Black Tuesday: October 29,  This was the day that the stock market.

INVESTMENT FRAUD Heidie George Securities Examiner Division of Securities Department of commerce.

Big Business. A. How to divide the money 1.Capitalism – Private business runs most of the industries and competition sets the prices. 2.Socialism – The.

By: David Henry and Matthew Glodstein THE BEAR FLU: HOW IT SPREAD Name: Thoeun Sarkmark Na ID: 092SIS37.

What Does It Mean by Binary Options Broker’s Regulation? Binary options trading has become a lot popular among the investors just because of low entry.

Warm Up: Identity Theft: Quick Write 1. What is Identity Theft? 2. What is Fraud?

The biggest fraud in American history

Fraud in the investment world Liew xuan qi (A N) Cheong hui ping (A W) Hong chuan yin (A M)

CORPORATE ECONOMIC CRIMES

OR THE 1920s NEW PATHWAY TO WEALTH

Past Market Panics and Bottoms

CORPORATE ECONOMIC CRIMES

Future of Finance Carli, Emma & Paula..

Presentation transcript:

Business Scams By Matthew Peveler

What is a scam/fraud? A fraud is defined as something that is an intentional deception made for personal gain or to damage another individual The rise of free market and lack of regulation helps people perpetrate these crimes One of the most famous is the Ponzi Scheme

Ponzi Scheme?! One of the more common scams It is perpetrated based on confidence tricks and fancy jargon that confuses layman While the returns happen initially (and the scheme grows in popularity), returns will stop and the scheme will eventually collapse at some point

Charles Ponzi He figured out a flaw in the “International Reply Coupon” system Using money he made from that, he got people to invest in his idea on a wild guaranteed return As scheme grew, more suspicion of him grew as well His scheme finally crashed in the year of 1920

Nick Leeson Caused the crash of Baring's Bank, the oldest bank in the UK He had no formal training as a financial trader, yet he still acted as one He made a fortune in Singapore markets based on the lack of regulation His luck soon turned sour however and he went into a tailspin He was arrested in 1995

Bernard Madoff Via a combination of poor regulation and a well set-up Ponzi scheme, he made millions Harry Markopolos had complained about Madoff back in 1999 Due to the major market recession that happened in 2008, his scheme collapsed He was arrested in December of 2008

In Conclusion Schemes are run based on free markets and lack of regulation for the most part Using confusing financial jargon which is generally meaningless, the perperators reel in investors While most schemes crumble under their own weight, it still causes massive financial damage to all involved