Ponzi schemes and the financial sector : DMG and DRFE in Colombia

By the time the Colombian government closed DMG and DRFE, two Ponzi schemes that were operating in Colombia until 2008, over half a million customers had deposited funds corresponding to 1.2% of Colombia's annual GDP. We show that the individuals who invested in DMG and DRFE obtained close to 4...

Full description

Autores:
Hofstetter Gascón, Marc
Mejía Londoño, Daniel
Rosas García, José Nicolás
Urrutia Montoya, Miguel
Tipo de recurso:
Work document
Fecha de publicación:
2017
Institución:
Universidad de los Andes
Repositorio:
Séneca: repositorio Uniandes
Idioma:
eng
OAI Identifier:
oai:repositorio.uniandes.edu.co:1992/8723
Acceso en línea:
http://hdl.handle.net/1992/8723
Palabra clave:
Ponzi schemes
Pyramids
Colombia
Financial sector
Savings and loans
Loan ratings
Esquemas de Ponzi
Delitos económicos - Colombia
Compañías - Prácticas corruptas - Colombia
Crédito - Colombia
Ahorro e inversión - Colombia
E21, E44, G11
Rights
openAccess
License
http://creativecommons.org/licenses/by-nc-nd/4.0/