Organization of a Pyramid Scheme and Methods of Countering Illegal Fundraising

The organization of activities aimed at illegal attraction of funds or other property of individuals and legal entities, referred to as a" financial pyramid", today represents a danger to citizens and organizations, including the state, in connection with harming the interests protected by laws. The paper reflects the negative consequences of such activities, which have a negative impact on the monetary system, the financial market, and leads to the loss of various types of property in a large number of the country's population. Within the framework of the work, the main features of financial pyramids, the reasons that contribute to the creation of such organizations, and the ways of their modern existence are indicated. The purpose of writing a research paper is to analyze the reasons for the growth of the above-mentioned crimes and their distinctive features from commercial organizations, the features of the corpus delicti, and methods of counteraction. The author comes to the conclusion that there are a number of qualifying features, focuses on the ways of their creation and further existence. With the advent of various financial instruments, and especially with the development of the Internet telecommunications network and the emergence of various social networks, there are more opportunities for the organizers of such crimes to steal other people's property, as a result of which negative economic, social and moral consequences are generated that undermine the trust of citizens in financial institutions.

pyramid scheme, social network, blogger, illegal attraction of funds, depositors, license, organization, financial literacy, financial institutions