COMPARATIVE EXAMINATION ON INVESTMENT SCAMS FACTORS WITH FRAUD TRIANGLE AND FRAUD ELEMENTS TRIANGLE ANALYSIS

Abstract

Investment fraud is something that is increasingly prevalent and increasingly continues to claim many victims. The challenges of economic progress in the world is that at it had impact on the increasing number of fraud behaviors that occured on organizations, companies, and individuals. The focus of this research was on the case study used in the case of investment fraud by Bernard Madoff and Charles Ponzi. The purpose was to recommend ways that could be developed in preventing the society or potential investors becoming victims of investment fraud. This research used qualitative methods to obtain a clear, detailed, and in-depth description of the problem under research whereby the sample and the data source are document literature and video both discussing the case studies of Bernard Madoff and Charles Ponzi as a whole, discusses one of the scopes in the case studies of Bernard Madoff and Charles Ponzi, or the literature and video documents that discussed a bit about the case studies of Bernard Madoff and Charles Ponzi. Data collection methods were done by documentation methods, as well as data analysis using literature review and video review or content analysis techniques. Testing was done by increasing the perseverance. The results of this research after it is analyzed and compared with causal factors and the factors of way Bernard Madoff and Charles Ponzi committed their offenses, shows that there were still many differences of causal factors between the two case studies, but there were also many similarities in the factors of way both cases committed their offenses. Thus, the researcher presented recommendations to the society or potential investors to prevent future investment fraud.