#11641. Red flags of the Modaraba scam-a ponzi scheme in Pakistan: using victim accounts for better prevention

August 2026publication date
Proposal available till 06-06-2025
4 total number of authors per manuscript0 $

The title of the journal is available only for the authors who have already paid for
Journal’s subject area:
Law;
Sociology and Political Science;
Safety Research;
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Abstract:
This research aimed to identify red flags of the Modaraba scam and offers some suggestions on the prevention of Ponzi schemes. A thematic analysis of the data, collected through semi-structured interviews with eighteen sample respondents, enabled the researchers to conclude on the substance of the scam. Results revealed that critical red flags of the scam are exorbitant profits, void investment agreements, multifaceted, complex and unregistered operations, exponential and participative rate of agents’ commission, and deferred periodic profits. Findings further suggest that investors and state-run regulatory authorities can help in the prevention of Ponzi schemes with the due exercise of their roles.
Keywords:
Modaraba scam; Ponzi scheme; Red flags; Thematic analysis

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