Financial Pyramids: Current State and Ways to Combat

Abstract

The purpose of this paper is to examine the impact of financial pyramids on the Russian economy and their state regulation. The objectives of the work are to analyze the role of financial pyramids in the Russian economy; to analyze financial pyramids in the world at the present stage of development; to study trends in the development of financial pyramids. Research methods are based on the methods of system and comparative analysis, formal legal method, methods of analogy, synthesis and classification.This article discusses the appearance of financial pyramids and the history of their creation. The main features of financial pyramids and ways to disguise them are considered. The paper considers the current state of financial pyramids and the legal regulation of their activities in Russia and abroad. Methods and methods of dealing with financial pyramids are presented. The role of the Bank of Russia in eliminating illegal activities of financial pyramids is reflected. The paper shows the main reasons for the existence of financial pyramids according to the authors. Recommendations for combating financial pyramids are outlined. The authors of the article suggest installing stands with video lessons on the streets, on buses and in crowded places, as well as near financial institutions that aim to attract customers ' money.