ICS Seminar Series

Webs of Deceit: Ponzi Schemes, Fake Currency and International Fraud Networks Dr John Cox This paper follows a Ponzi scheme from its origins in Papua New Guinea (PNG) more than ten years ago to a courtroom in Sydney in March 2016. Initially, the scam was targeted at middle-class Papua New Guineans and lured them by nurturing a Christian vision of reinvigorated national development enabled by a comprehensive reform of global finance. Now in Sydney, an Australian businessman with no connections to PNG is using the courts in an attempt to recover the $50,000 he invested in the scheme after attending a business skills seminar in 2012. How has this scam...(see website for full)