Fraudulent Investment Research Articles

Analysis of the Influence of Financial Literacy on Saving Interest of Civil Servants of The One-Stop Integrated Capital Investment and Licensing Service of The Northern Nias Regency

Employees at the One Stop Integrated Investment and Licensing Services Service in North Nias Regency have a different understanding of Financial Literacy. So some employees do not understand basic financial concepts, such as budget planning, investment, risk, and how to manage debt. Some employees are trapped in fraudulent investments and there are still many employees who have consumerist habits, namely buying things based on desire rather than need. This research aims to determine the influence of financial literacy on the interest in saving of Civil Servants at the One Stop Integrated Licensing and Investment Service of North Nias Regency. The variables in this research are financial literacy (X) and interest in saving (Y). The method in this research uses quantitative research methods. The data collection method in this research uses primary data obtained from filling out questionnaires with 31 employee respondents at the One Stop Integrated Licensing and Investment Service Office of North Nias Regency. as well as secondary data obtained from journals related to this research. The data analysis methods used are validity test, reliability test, correlation coefficient test, determinant coefficient test, normality test, heteroscedasticity test, linearity regression test, simple linear regression test and T test. The results of this research show that financial literacy has a positive and significant effect on the interest in saving of Civil Servants at the One Stop Integrated Licensing and Investment Service of North Nias Regency. Simultaneously, the magnitude of the influence of financial literacy on the interest in saving of employees of the One Stop Integrated Investment and Licensing Services Service of North Nias Regency is 43.8%, while the other 56.2% is influenced by other variables not included in the research.

The Effect of Parental Income and Level of Trust in Using Online Stock Investment Applications on Gen Z Investment Decisions in DKI Jakarta

KSEI data (2024) shows that the number of investors in the capital market is dominated by investors under 30 years old. At the age of 20-27 years, it is suspected that the existence of parental income in a person's financial decisions is still very large. The level of trust in investment applications is also thought to be a consideration in investment decisions in Generation Z. The sample in this study was 110 respondents who were Generation Z aged 20-27 years in DKI Jakarta. This study is a quantitative study analyzed using SmartPLS version 4. The results of the research test, the t-statistic value of 1.954 and the p-value of 0.026 and the original positive sample of 0.147 indicate that parental income has a positive and significant effect on stock investment decisions. The second hypothesis, the t-statistic of 12.020 and the p-value of 0.000 and the original positive sample of 0.709 indicate that the level of trust in the use of stock investment applications has a positive and significant effect on stock investment decisions. The third hypothesis, it can be seen that based on the simultaneous F test calculation, the F-count value of 82.29> F-table 3.08, which means that the parental income variable and trust in the use of stock investment applications have a simultaneous effect. This study has implications for Generation Z to properly manage their finances to be invested in reputable investment platforms, and for the government to eradicate fraudulent investments.

Sanksi Hukum Pidana Terhadap Pelaku dan Perlindungan Hukum bagi Korban Investasi Bodong

The problem that the author wants to look at is what are the criminal sanctions for perpetrators of fraudulent investments and what are the legal protections for victims of fraudulent investments according to Indonesian criminal law. The application of legal sanctions for perpetrators of online investment fraud has not been explicitly regulated in a special law which can provide criminal penalties for perpetrators but is regulated in the Criminal Code Article 372 with a maximum prison sentence of four years or a maximum fine of nine hundred. rupiah, and Article 378 with a maximum prison sentence of 4 years. This research focuses on criminal cases of investment fraud. The main weakness in the legal sector for victims of fraudulent investments is the problem of legal uncertainty. This legal vacuum can result in the effectiveness and optimization of protection for victims of fraudulent investments not being optimal. The fact is that there is still a legal gap that perpetrators of fraudulent investments often escape heavy sanctions. To provide valuable results, the research methodology in this article uses normative juridical analysis, which is one of the methods and techniques of social science analysis. In this regard, normative juridical research is only based on document research using secondary data consisting of statutory regulations, court decisions, legal theory and royalties. The purpose of this research is to provide a discussion regarding the implementation of legal actions in current cases. So, through this research, it can be seen that law according to its function can play a role in resolving several criminal cases in Indonesia, such as the fraudulent investments that the author discusses.

RESTITUTIO IN INTEGRUM: BETWEEN STATE INTERESTS VS VICTIMS IN FRAUDULENT INVESTMENT CASES (Study of Binomo Fraudulent Investment Decision)

<table border="0" cellspacing="0" cellpadding="0"><tbody><tr><td valign="top" width="388"><p class="TableParagraph"><em>The aim of investment is basically to gain profits in the future. However, along with the rapid development of information technology, it is increasingly having negative impacts, one of which is "fake investment", as carried out by a convict with the initials IK. What is interesting about this case is regarding the status of the convict's assets. The Tangerang District Court decided that IK's assets were confiscated by the state. The victims also felt disappointed. However, this changed at the appeal level, where the Banten High Court gave a decision that IK's assets be returned to the victim. Due to the mutual attraction between the interests of the State VS the interests of the victims, this article will discuss legal protection efforts for victims of fraudulent investments in Indonesia and the mechanisms for recovering losses both to the victims and to the national economy that arise as a result of the practice of "investment." bulging". This research uses a Legal Research Method with a statute approach and a case approach. The research results show that legal protection related to fraudulent investments still focuses on mitigation, not prevention. Apart from that, it is felt that law enforcement efforts are still less effective, especially regarding Restitutio in integrum or restoration of the original situation.</em><em></em></p><p class="TableParagraph"> </p></td></tr></tbody></table>

The Role of the Investment Alert Task Force as a Form of Consumer Protection Against Fraudulent Investments

The Role of the Investment Alert Task Force as a Form of Consumer Protection Against Fraudulent Investments

Analisis Faktor-Faktor Yang Mempengaruhi Tingkat Literasi Keuangan Pegawai di Kantor Sekretariat Daerah Kabupaten Nias

Employees at the Nias Regency Regional Secretariat Office have different understandings about financial literacy. Some employees are trapped in fraudulent investments and there are still many employees who have consumerist habits, namely buying things based on desire, not need. This research aims to determine the influence of age, gender, education and income factors on the level of financial literacy of employees at the District Regional Secretariat Office. The data collection method in this research uses primary data obtained from filling out questionnaires with 51 employee respondents at the Nias Regency Regional Secretariat office as well as secondary data obtained from journals related to this research. The data analysis methods used are validity test, reliability test, correlation coefficient test, determinant coefficient test, normality test, heteroscedasticity test, multiple linear regression test, T test and F test. The results of this study show that the factors of age and education have a positive and significant effect on the level of financial literacy of employees at the Regional Secretariat Office of Nias Regency, while the factors of gender and income do not have a positive and significant effect on the level of financial literacy of employees at the Regional Secretariat Office of Nias Regency. Simultaneously, the factors age, gender, education and income have a 76.4% influence on the level of employee financial literacy, while the other 23.6% is influenced by other variables not included in the research.

Helphands: Empowering the Fundraising, Innovating With Blockchain and Smart Contracts

The concept of crowdfunding, a method for online fundraising, has evolved to enable public contributions in support of creative projects. Leveraging blockchain technology, cro wdfunding platforms now integrate smart contracts, ensuring secure, transparent, and reliable transactions. This study focuses on the development of interactive interfaces for campaign creation and financial contributions, facilitating engagement for both creators and donors. Campaign creators can propose initiatives and submit them for approval, while donors can browse and support projects through financial contributions. Transparency is ensured through blockchain recording of all transactions, offering immutable and transparent records. The incorporation of smart contracts is pivotal in removing the need for intermediary trust in blockchain-based agreements. This work emphasizes the importance of developing executable code for blockchain execution, ensuring transaction integrity and security. Initially associated with cryptocurrencies, blockchain technology has expanded its applications across industries, offering a sustainable solution for internet transactions. Crowdfunding platforms stand to benefit significantly from blockchain integration. Challenges in the current crowdfunding landscape include inadequate oversight and fraudulent investment schemes. By leveraging Ethereum smart contracts, this study seeks to address these challenges, enforcing time limits and automating contract execution to enhance trust and transparency in the crowdfunding process.

INVESTING IN SYSTEMS DIGITAL FINANCE IN PERSPECTIVES ON ISLAMIC LAW STUDIES CASE: SYSTEM ONLINE LOANS

This research aims to determine the number of cases of illegal businesses imitating licensed entity websites as if the website officially belonged to the licensed entity. Therefore, one way to protect potential investors from illegal businesses is to find out whether the company is registered with the Financial Services Authority (OJK) or not. Therefore, this article examines sharia investment options to avoid illegal business. This study uses a descriptive-qualitative approach to study literature. Additionally, all the data collected will likely be essential to what is being researched. Thus, the research report will contain quotations and data processing to provide an overview of the report's presentation. The results of this research are several Sharia investment instruments that have been registered with the OJK to avoid fraudulent investments, including Sharia stock investments, Sharia mutual fund investments, Sharia deposits, retail sukuk, and gold.

Ponzi Schemes and Cryptocurrency: How Do They Work Together?

This conceptual paper delves into the intriguing intersection between Ponzi schemes and cryptocurrency, shedding light on the unique dynamics, challenges, and implications arising from their convergence. While Ponzi schemes have long been recognized as fraudulent investment schemes, the emergence of cryptocurrency has introduced novel avenues for perpetrating such schemes. This paper examines the underlying mechanisms that facilitate the fusion of Ponzi schemes and cryptocurrency. It explores the emergence, characteristics, impact, and regulatory challenges. This paper contributes to a deeper understanding of the complex dynamics at play and provides insights into safeguarding investors and promoting the integrity of cryptocurrency markets.

Legal Analysis of Online Foreign Exchange Buying and Selling and Stock Investment Using the Al-Qur'an Interpretation Method

This study aims to find out how the law of buying and selling foreign exchange online and stock investment through the Al-Qur'an detention method. The meaning of foreign exchange or trading is a type of trade or transaction that trades one country's currency against another country's currency (currency pair/pair) which involves the main money markets in the world for 24 hours on an ongoing basis. Stock Investment is the purchase and storage of capital shares in a capital market by investors, both individuals and companies in anticipation of income from dividends and capital gains determining the increased value of these shares. Lately, there have been many fraudulent investment cases under the pretext of buying and selling foreign exchange. This of course attracts the attention of the public to participate in buying and selling foreign exchange which in the end is detrimental to themselves. This study uses a field research method that examines problems or events that occur in society regarding the law of buying and selling foreign exchange or buying and selling shares. This type of research is a case study with a qualitative approach method. From this research, we can find out that if the law of buying and selling foreign exchange online and investing in shares is not in accordance with the Al-Qur'an and Sunnah, it is haram.

Criminal Accountability False Investments with Ponzi Schemes in Indonesia

Indonesia is currently experiencing a surge of investments, which is resulting in both positive and negative outcomes. Supported by increasingly fast technology, “investment” activists are even more enthusiastic about continuing to develop their investments. Recently, investment activists have faced various forms of fraudulent investment with Ponzi schemes. This study aims to determine criminal liability in investing in Ponzi schemes in Indonesia and the protection measures that can be provided for victims. Using normative legal research methods, it was found that fraudulent Ponzi scheme investors in Indonesia can be charged with Article 378 of the Criminal Code. And, because they do not have a permit, fraudulent investments can be subject to Article 103 of Law Number 8 of 1995 concerning Capital Markets, related to investment victims, falsifying a Ponzi scheme in an application because it uses electronic media can be subject to Article 28 paragraph 1 of Law Number 11 of 2008 concerning information and electronic transactions, which has been amended by Law Number 19 of 2016 concerning Amendments to Law Number 11 of 2008 concerning information and electronic transactions.
 Keywords: investment fraud, Ponzi scheme, criminal liability

AfCFTA and Investor Protection in the Securities Market: Prospects for Proactive Regulation

The emergence of investment opportunities afforded by the African Continental Free Trade Area (AfCFTA) Agreement epitomizes a deft move by the African countries to tailor the development dynamics in their favour. Although the AfCFTA is full of promise, it also presents challenges to regulatory authorities in the sphere of fraudulent investment practices. While the existing regulatory framework is ill-prepared for regulation and the regulatory authorities have not adverted their mind to the significance of regulation of this emerging area of investment opportunities, potential fraudsters are busy fine-tuning their schemes. The paper assesses the emerging investment opportunities under the AfCFTA and the imperative for proactive regulation of infractions through reliance on the depository structure. Securities, Investor Protection, Fraud, AfCFTA, Depositary

Financial Literacy Program to Strengthen Economic Resilience for MSMEs In Pimpinan Cabang Istimewa Aisyiyah (PCIA) Malaysia

Abstract. The development of investment instruments in real assets and financial assets has demanded MSMEs to acquire information for their decisions to be effective. However, there are still many obstacles, such as fraudulent investment practices due to financial illiterate. Given its importance for economic well-being, training on financial literacy along with entrepreneurship skills is needed to strengthen economic resilience for MSMEs. This program was done in collaboration with PCIA Aisyiyah Malaysia. In executing the program, we develop stages: preparation, implementation, and monitoring and evaluation. We found that participants perceive that they need the right support system, consistency, and confidence to be successful entrepreneurs. In terms of financial management, small businesses lack knowledge of cash management, overinvest, and experience difficulties in seeking external funding. In this program, Sharia finance was also introduced, and business practice according to Islamic law was also encouraged.

Pertanggungjawaban Penyelenggara Investasi Bodong yang Memakai Skema Ponzi dengan Modus Investasi Cryptocurrency

The development of investment is currently very popular so many people are interested in investing to meet their needs, but not many people know about legal and illegal investments, so there are many cases of fraud using investment methods. Usually illegal investments will offer profits and bonuses in recruiting new members. This research aims to determine accountability and sanctions in preventing and taking action against perpetrators of fraudulent investments. The methods used in this research are as follows: statutory approach, case approach, normative juridical research types of primary and secondary legal materials. Data analysis techniques using library legal research. The results of this research show that in the investment business legal entities cannot be held physically responsible but rather the individuals involved in it can be held responsible in accordance with applicable laws. perpetrators of illegal or fraudulent investments in their implementation using new member bonuses violate the rules of criminal law, namely article 105 of Law no. 7 of 2014 concerning Trade.

Examining the Relationship between Social Media and Intention to Invest in an Investment Scams among Students

The advancement of social media platforms has enhanced communication sharing, interaction and information access. Importantly, the platforms become an integral part of the lives of today's students in updating themselves with current issues around the world and staying informed. Social media offers scammers opportunities to create fake profiles, leading to confusion between genuine investments and scams. However, alongside the benefits, social media also exposed students to deception such as being scammed. Students can be susceptible to falling prey to investment scams that offer high yields with low risk. Students must exercise caution online to avoid falling for fraudulent schemes. Vigilance in evaluating online content is crucial for their financial safety. Therefore, this study was conducted to examine the influence of social media on the intention to invest in investment scams among students. Data was collected among students at Universiti Teknologi MARA, Cawangan Negeri Sembilan. This study employed a quantitative method to collect primary data through an online questionnaire survey. The findings indicate a significant association between social media and intention to invest in investment scams. This study contributes to the existing literature on both social media and investment scam context and offers valuable insights to the policymakers, regulators and social media operators in combatting the fraudulent investment issue.

Understanding The Phenomenon of Fake Crazy Rich and Fraudulent Investment in Indonesia from the Philosophy of Happiness in Hazrat Inayat Khan’s Sufism

The phenomenon of crazy rich as one of modern materialism and hedonism have poisoned the life of Indonesian’s younger generation in the current millennial era. They have been eroded by worldly pleasures. Tempted by the glamorous and luxurious lifestyle of crazy rich people, they were willing to flaunt the wealth of property that was not yet theirs. Many people have fallen victim to their fraudulent investments in Indonesia. They did it to being able to deceive many people for investing their money in their fraudulent investment businesses. Those who cheated or were cheated have actually been deceived by worldly pleasures. What they got were not real happiness, but fake happiness and even the misery and humiliation of life. This phenomenon is interesting to read from the perspective of Inayat Khan’s philosophy of happiness in his Sufism. Inayat Khan differentiates happiness from pleasure. The first term refers to a true happiness, while the second one refers to a pseudo happiness. The relationship between pleasure and happiness is that of falsehood and trueness. His conception is relevant to be used as a theoretical framework to analyse the phenomenon of fake crazy rich and fraud investment in Indonesia. The phenomenon shows the preference of young Indonesians to pursue the material and physical wealth as a measure of a successful life by all means, both good and bad. This, from the viewpoint of Inayat Khan’s philosophy of happiness, is a false fulfilment of life satisfaction.

Self-Acceptance Victims of the Binomo Fraud Investment

This study aimed to examine the self-acceptance of the victims of the Binomo fraudulent investment using a qualitative research method and a case study approach. Five research subjects experienced a loss of more than 3 million Rupiah due to playing Binomo and aged 18-25 years. They were selected by purposive sampling-snowball sampling. Data were collected through in-depth interviews and observation. Thematic analysis and source triangulation through interviews and observations were used to ensure valid findings. The results found that most subjects had good positive self-acceptance, but there were obstacles and discomfort in presenting themselves as they were victims of fraudulent investments. It has implications for the absence of external factors or support from the environment because victims feel ashamed and do not share their experiences with others, so the internal factor is the most supportive factor in the acceptance of the self in the victims of investment. Each individual has a different dynamic of self-acceptance sequence of stages, and it takes time for self-acceptance. However, all subjects in this study experienced at least two stages of self-acceptance and the bargaining stage were experienced before entering the acceptance stage. The length of the self-acceptance process was not always related to the magnitude of the loss. It is hoped that further research will deepen and enrich the findings with different subject characteristics and prove the interrelationship of the variables obtained in this study to become novelties for science in psychology.
 Keywords: self-acceptance, victims of investment scams, binomo

The Influence of Financial Literacy and Financial Inclusion on Preventing Fraudulent Investments (Case of IAIN Palopo Students)

This research aims to analyze the partial influence of financial literacy on the prevention of fraudulent investments, the partial influence of financial inclusion on the prevention of fraudulent investments and to simultaneously analyze the influence of financial literacy and financial inclusion on the prevention of fraudulent investments. This research uses quantitative methods with questionnaires as data collection. The sample used was purposive sampling with a sample size of 100 people. The data analysis used is multiple linear regression. The results of this research show that partially financial literacy and financial inclusion have a positive effect on preventing fraudulent investments. Meanwhile, financial literacy and financial inclusion simultaneously influence the prevention of fraudulent investments.

Quo Vadis Kebijakan Pemerintah Terhadap Legalitas Keberadaan Investasi Robot Trading (Expert Advisor) dikaji menggunakan Teori Hukum dan Pembangunan

The purpose of writing this journal is to analyze and understand government policies regarding the legality of trading robots. The development of the times has provided many advances in both the technological and economic fields, technological advances have provided openness to trade in both goods and services. Forex trading is a business activity that offers high profits accompanied by high risks, where individuals must monitor and study the movements of the money market without stopping to make transactions. The existence of trading robots makes it easy to do forex trading due to automation to save time and does not require in-depth understanding of forex trading. The existence of trading robots provides an opportunity for criminal acts to occur in the forex field, one of which is the existence of Illegal Trading Robots which results in losses for users. One of them is the fraudulent investment case of Net 89, which has a trading robot mode, which uses a permit to sell e-books in carrying out trading activities based on trading robots. This problem has resulted in an urgency that can be seen from the enactment of BAPPEBTI Regulation Number 12 of 2022 as a step to regulate the existence of trading robots.

Urgensi Literasi Keuangan untuk Menghindari Penipuan Investasi Bodong:

Financial literacy is the knowledge, ability, expertise, and belief of a society to manage finances properly and gratefully. Financial literacy is one solution to filter the negative impacts of ICT developments, many financial products/services appear with different patterns, making it increasingly difficult to determine which investments are safe and which are risky. Literacy in finance is important because it is very important. Few Indonesians understand the many financial products and services available, as well as their features and benefits. This research is a literature study, collecting data using secondary data, and literature related to money. Research Topic According to the research, financial literacy is a powerful tool to reduce the victims of investment fraud that is increasingly prevalent in society. Knowledge and education of the general public about finance and financial literacy is very much needed.
 Keyword: Financial Literacy, Fraudulent Investment