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Ponzi Schemes

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What You Need to Know About Ponzi Schemes

California Ponzi Scheme Lawyer

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.

Why Choose Meyer Wilson to Represent You?

  • We will not hesitate to take a claim to court in California if we believe it is necessary to secure the compensation you deserve.
  • We have over 20 years of experience successfully helping clients recover losses from investment fraud, including Ponzi schemes.
  • We only accept California Ponzi scheme civil cases on a contingency fee basis, meaning you will only pay if we win.

Should You Retain an Attorney in California?

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.

What Is a Ponzi Scheme?

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.

Red Flags of a Ponzi Scheme

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.

  • Guarantees for high returns with little to no risk
  • Exaggerated earnings claims
  • A consistent flow of returns, at least initially, despite market conditions
  • Unregistered investments
  • Secret or overly complex investment strategies
  • Lack of documentation regarding the investment
  • Trouble removing earned money from an account

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.

Did You Lose Money in a Ponzi Scheme? We Can Help

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 (800) 738-1960 .

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614-224-6000
305 W. Nationwide Blvd
Columbus, OH 43215
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New Orleans, LA 70130
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310-905-8688
2029 Century Park East,
Suite 400N
Los Angeles, CA 90067
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216-600-1355
4781 Richmond Rd.
Suite 400
Warrensville Heights, OH 44128
Bloomfield Hills Office

248-817-8214
41000 Woodward Ave.,
Suite 350
Bloomfield Hills, MI 48304
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The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter.
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