Siberian Federal University

Issue

Journal of Siberian Federal University. Humanities & Social Sciences. 2023 16 (10)

Authors

Ryzhkova, Marina V.; Kashapova, Elmira R.

Contact information

Ryzhkova, Marina V.: National Research Tomsk State University Tomsk, Russian Federation; National Research Tomsk Polytechnic University Tomsk, Russian Federation; Kashapova, Elmira R.: National Research Tomsk State University Tomsk, Russian Federation; National Research Tomsk Polytechnic University Tomsk, Russian Federation

Keywords

digital financial pyramid; fraud; digital economy; classifications

Abstract

The explosive growth in the availability of digital tools and investment illiteracy, combined with the pandemic lockdown and declining returns on habitual passive investing, have pushed non-professional investors into the arms of online scammers. The financial pyramids that have existed since ancient times have received unprecedented opportunities and have shown explosive growth, which is due to the appearance of their additional features. The purpose of our study is to typify new forms of schemes with signs of financial pyramids organized via the Internet. The study used the method of scientific crowdsourcing (collection of information about selected financial pyramids from the list of the Bank of Russia by a wide range of participants). The main result of the study is the new classification groups of financial pyramids that actively mimic legal financial and non-financial institutions. The results of the study were verified in the community of academic and practical experts in the field of studying and counteracting financial pyramids. The findings will help in identifying new financial pyramids operating in the Internet

Pages

1828–1836

EDN

PMXCDW

Paper at repository of SibFU

https://elib.sfu-kras.ru/handle/2311/151759

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License (CC BY-NC 4.0).