Call Now For a Free Consultation:
(614) 502-6165

Who Are the Victims of a Ponzi Scheme?

The Ponzi scheme relies on keeping up an appearance of legitimacy while luring in new investors. Prior investors are paid with the money coming in from new investors, and the scheme continues until the money runs out and the fraudster takes off with your cash. Because they have to rely on investors’ trust to make the scam profitable, Ponzi schemers usually choose their victims carefully.

For the most part, fraudsters who run Ponzi schemes tend to target two main groups:

  • People who have already worked with the promoter in legitimate investment activity.Because they have already had a successful business relationship with the promoter in the past, theseinvestors are more likely to take the fraudster’s word for it.
  • The friends and family of investors who have already been lured into the scam. When the initial investors start receiving checks, they are encouraged to tell their friends and families about the deal—which really only means more victims are lured into the trap.

It’s important to note that many of the victims of Ponzi schemes are experienced investors who are well aware of the danger of investment scams. Unfortunately, the desire to make more money often trumps reason, and they often already trust the broker or financial adviser who is making the fraudulent pitch.

If you or a family member has become the victim of a Ponzi scheme or investment scam, reach out to an experienced and professional Ponzi scheme lawyer today. You can reach Meyer Wilson to schedule a free and confidential consultation today. We look forward to talking with you about your situation and explaining more about your options for recovering investment losses.

The information contained in The Firm’s posts on its blog, fraud alerts, investigations or elsewhere on the site is based upon information obtained from other sources including, but not limited to, news outlets and federal, state, and regulatory agency filings. All suspects and subjects of postings herein are presumed innocent until proven guilty in a court of law or administrative action and any and all crimes are alleged until a court or regulatory agency finds otherwise .

Share This Story
If you found the information provided by this article useful, consider sharing to your social media channels to help others in their search for reliable resources.
Consult with Our Legal Team
There is never a cost associated with a consultation

Columbus Office

614-224-6000
305 W. Nationwide Blvd
Columbus, OH 43215
Meyer Wilson
New Orleans Office

900 Camp Street 
Suite 337
New Orleans, LA 70130
Los Angeles Office

310-905-8688
2029 Century Park East,
Suite 400N
Los Angeles, CA 90067
Cleveland Office

216-600-1355
6140 Parkland Blvd.,
Suite 330
Mayfield Heights, OH 44124
Bloomfield Hills Office

248-817-8214
41000 Woodward Ave.,
Suite 350
Bloomfield Hills, MI 48304
Quick Links
Follow Us
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter. No recipients of content from this site, clients or otherwise, should act or refrain from acting on the basis of any content included in the site without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from an attorney licensed in the recipient's state. Read More
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter.
Read More
chevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram