A Ponzi scheme is just one of the many ways a fraudster could extort money from an unsuspecting victim. If you made an investment only to have the operator take off with the proceeds, you may have been the victim of a Ponzi scheme in California. If so, the Ponzi scheme attorneys at Meyer Wilson may be able to help you earn some or all of your money back with a civil claim in California. Start your lawsuit with a free consultation with one of our lawyers.
You may have already lost a substantial amount of money in a California Ponzi scheme. Do not risk losing anything more by failing to hire a lawyer for assistance. An attorney from Meyer Wilson can offer immediate assistance by way of taking over confusing legal paperwork, bringing a claim against the fraudster and helping you identify all available outlets for financial recovery. You may have a case against an individual and/or a corporation. Contacting a lawyer right away could ensure you protect your rights from day one.
A Ponzi scheme describes a common type of fraud in which someone pays existing investors in a nonexistent enterprise with money from new investors. The facilitators of Ponzi schemes often promise high rates of return on investments with little to no risk. The scheme may result in early returns for new investors, but the fraudster does not actually invest the money in anything. Instead, he or she uses the money to pay other investors.
A Ponzi scheme will eventually dissolve once the operator does not have the funds to pay later investors. A Ponzi scheme could steal thousands of dollars from you under the guise of a reasonable investment. Although no financial advisor should guarantee results or profitability, a real investment opportunity should exist. The day you realize you have fallen prey to a Ponzi scheme, contact an attorney for counsel. You have three years from this date – or the date you reasonably should have discovered the fraud – to file a civil claim in California.
Even if you have already lost money due to a Ponzi scheme, learning the red flags for this type of crime could prevent you from making a similar mistake in the future. It could also help you spread awareness to your friends and family about how to avoid this type of financial risk in California.
Do your research before investing any money. Due diligence in choosing your investments could save you from falling victim to a Ponzi scheme or a similar pyramid scheme. Look for signs that it is a real investment, such as registration with the U.S. Securities and Exchange Commission. Contact an unbiased third party, such as a licensed financial advisor, to ask about the investment opportunity before putting in any money.
Fraudsters design Ponzi schemes to deceive even savvy investors. Do not feel embarrassed about losing money to any type of investment fraud scheme. Instead, contact us to aggressively go up against the person or entity that tricked you out of money. Meyer Wilson has attorneys with years of experience who can help you build a case in California. You may be eligible for compensation. Discuss your case in more detail with a lawyer today when you call (614) 532-4576 .