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Kwara State University

Adeoye Afolabi

Designation: Senior Lecturer
Department: Accounting and Finance
My Publications
S/N Title Abstract Authors Volume Numbers Publication Type Publication Date Link
1

Ponzi schemes and California pyramids Ponzi schemes and Home-Stake

Abstract: In this paper, we investigate the cases of accounting and business fraud known as Ponzi schemes. These cases studies have been done several decades ago by Professor Tony Tinker. But, notwithstanding Tinker’s warning, some corporations and some corporate executives still believe, they are above the law and are using accounting to mislead shareholders and mismanage the corporate finances. The case of Bernard Madoff, a CPA, is an example.
Total Publications : 28