Fast Money Schemes : Hope and Deception in Papua New Guinea /

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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 Musing...

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Bibliographic Details
Main Author: Cox, John (Anthropologist) (Author)
Format: Electronic eBook
Language:Inglés
Published: Bloomington, Indiana : Indiana University Press, [2018]
Series:Book collections on Project MUSE.
Subjects:
Swindlers and swindling.
Ponzi schemes.
POLITICAL SCIENCE / Globalization.
SOCIAL SCIENCE > Criminology.
Ponzi, Plans > Papouasie-Nouvelle-Guinee > Histoire.
Swindlers and swindling > Papua New Guinea > History.
Ponzi schemes > Papua New Guinea > History.
Papua New Guinea.
History.
Electronic books.
Online Access:Texto completo
Table of Contents:
  • Studying scams
  • The story of U-Vistract
  • Money schemes in Melanesia
  • Cargo cult mentality
  • Plausibility, experimentation, and deception
  • U-Vistract and the prosperity gospel
  • Negative nationalism and Christian citizenship
  • Christian patrons and cosmopolitan sentiments
  • "Some of us are fed up of banks!"
  • Nationals investing in the global
  • Conclusion: disillusionment.

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