Fast Money Schemes
Hope and Deception in Papua New Guinea
In the late 1990s and early 2000s a wave of Ponzi schemes swept through Papua New Guinea, Australia, and the Solomon Islands. The most notorious scheme, U-Vistract, attracted many thousands of investors, enticing them with promises of 100 percent interest to be paid monthly. Its founder, Noah Musingku, was a charismatic leader who promoted the scheme as a form of Christian mission and as the basis for establishing an independent kingdom. Fast Money Schemes uses in-depth interviews with investors, newspaper accounts, and participant observation to understand the scheme's appeal from the point of view of those who invested and lost, showing tha…
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Produktdetails
- ISBN: 978-0-253-03565-3
- EAN: 9780253035653
- Produktnummer: 29044011
- Verlag: Indiana University Press
- Sprache: Englisch
- Erscheinungsjahr: 2018
- Seitenangabe: 260 S.
- Plattform: EPUB
- Masse: 2'471 KB
- Abbildungen: 4 b&w illus.
Über den Autor
John Cox is a Research Fellow at the Institute for Human Security and Social Change at La Trobe University in Melbourne, Australia. He has more than twenty years of experience working in the Pacific region as a development practitioner and anthropologist.
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