Serious allegations have been raised that Securities America failed to take action to identify and stop an investment fraud scam that was being run by[…]
Ponzi schemes are a type of fraud involving the payment of dividends to investors from the money put in by subsequent investors. The money is usually not invested at all, but is often used by the person who started the scheme for personal expenditures. Perhaps the best known Ponzi scheme in recent history was run by Bernie Madoff.
The lure of Ponzi schemes is typically the promise of unusually high or regular returns. By the time most have been discovered, the investors’ money has already been spent, and getting it back can be extremely difficult. If you have lost money in a Ponzi scheme or fear that you may have been drawn into one, you should seek the advice of a Ponzi scheme lawyer immediately.
The purpose of this guide is to give you a general overview of some of the more famous Ponzi schemes, third parties who may be subject to liability for promoting these schemes, receiverships, collection issues, and some tips on where we might look to help victims recover their investment.
According to reporting from Bank Investment Consultant (BIC), a retired worker has filed a $330,000 investment fraud lawsuit against a financial advisor in Cobb County,[…]
On June 6th, 2018, InvestmentNews.com reported that state securities industry regulators and the Financial Industry Regulatory Authority (FINRA) are ramping up enforcement action against registered[…]
Do Ponzi Scheme Victims Need to Hire a Lawyer? Yes, victims of Ponzi schemes should seek advice from a qualified securities fraud attorney. If you[…]
A Ponzi scheme is a type of investment fraud that attracts investors with unusually high rates of return. The fraud scheme is only able to[…]
Often, people use the terms ‘Ponzi scheme’ and ‘pyramid scheme’ interchangeably. This is certainly understandable, as these two forms of investment fraud share key features.[…]
Below I’ve examined 10 of the most infamous examples of ponzi schemes from recent U.S. history. [Related: What is a Ponzi Scheme?] 1. Louis J.[…]
All too often, investors are duped into making an investment that promises extraordinary returns, later discovered to be a “Ponzi Scheme”.1 The term Ponzi Scheme[…]
The Structure of a Ponzi Scheme Ponzi schemes come in many forms, but usually contain the same type of structure. First, the promoter sets up[…]
Theories of liability in Ponzi cases normally include a claim for the sale of unregistered securities.1 The Securities Act of 1933 and the Securities Exchange[…]