The Role of Media in Informing the Public and Public Administration Bodies About Illegal Financial Pyramids

Abstract

Nowadays the media and investigative journalists take full responsibility for revealing and re-porting many irregularities and notifying them to the public via common media. This is very import-ant because the financial losses of investors due to the bankruptcies of the pyramids are significant.This weakens the public confidence in public administration responsible for law in the state. Theauthors of this article mainly say about responsible unmasking of illegal financial pyramids throughthe media in the context of social communication. The article provides clear recommendations forthe media how to distinguish between a pyramid scheme and MLM. Such recommendations couldincrease the practical significance of the author’s research for the readers and protect them fromillegal investments