Old Frauds with a New Sauce: Digital Coins and Behavioral Paradigms

Daniel Dupuis, Kimberly Gleason
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引用次数: 1

Abstract

In this paper, we explore the conversion of market frauds from stocks to virtual assets. We investigate the transition from traditional to digital for six schemes: ransomware, price manipulations, “pumps and dumps”, misrepresentation, “spoofing” and Ponzi schemes to find that the advent of cryptocurrencies may facilitate pseudonymous criminal behavior in the present regulatory environment. Furthermore, apply the Regulatory Dialectic Theory and use the behavioral finance literature to explain the persistence of the relationship between scammers and their victims, as fraudsters innovate in the digital realm, but but investors fail to adapt.
新手段下的旧骗局:数字货币和行为范式
在本文中,我们探讨市场欺诈从股票到虚拟资产的转换。我们调查了六种方案从传统到数字的转变:勒索软件、价格操纵、“泵和转储”、虚假陈述、“欺骗”和庞氏骗局,以发现加密货币的出现可能会在当前的监管环境中促进假名犯罪行为。此外,运用监管辩证法理论和行为金融学文献来解释骗子和受害者之间关系的持续性,因为欺诈者在数字领域创新,但投资者未能适应。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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