Dimensions of Investment Gullibility: Exploring the Ponzi Scheme Victims in Davao City

Abstract

The Ponzi scheme that deceived numerous individuals has sparked significant concerns. A recent scam in the Davao Region, which targeted thousands, profited by offering promises of high investment returns. This study aims to delve into the various aspects of investment gullibility in Davao City. The aim is to create an all-encompassing research framework that highlights the importance and arrangement of these factors, offering a systematic method to comprehend investment gullibility within the diverse population of Davao City. The study gathered data from individuals who had fallen victim to various investment frauds. Using an exploratory factor analysis research approach, it identified three significant investment dimensions of gullibility.