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Of Ponzi schemes and investment scams: a case study of enforcement actions in Malaysia

Mohd. Sulaiman, Aiman @ Nariman and Moideen, Azza Isma and Moreira, Sharon David (2016) Of Ponzi schemes and investment scams: a case study of enforcement actions in Malaysia. Journal of Financial Crime, 23 (1). pp. 231-243. ISSN 1359-0790

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Abstract

This paper aims to chart the enforcement actions taken by the Malaysian regulatory authorities in relation to illegal investment schemes in Malaysia, and clarifies the various strategies adopted by the Malaysian regulatory authorities to ensure protection of investors in the capital market.The enforcement actions relate to the Swiss cash scheme as well as commodities futures involving crude palm oil and a more recent case involving gold futures. These schemes share similar characteristics with Ponzi schemes that were thrust into the international limelight in the notorious Madoff Ponzi scheme and its allegation of regulatory failure.

Item Type: Article (Journal)
Additional Information: 1872/47831
Uncontrolled Keywords: corporate law, financial services law, securities regulation
Subjects: K Law > K Law (General)
Kulliyyahs/Centres/Divisions/Institutes: Ahmad Ibrahim Kulliyyah of Laws > Department of Civil Law
Depositing User: Prof Aiman Nariman Mohd-Sulaiman
Date Deposited: 14 Jan 2016 09:41
Last Modified: 14 Aug 2018 10:27
URI: http://irep.iium.edu.my/id/eprint/47831

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