A Ponzi scheme is a fake investment opportunity orchestrated by a scammer to deceive investors. In a Ponzi scheme, the operator uses funds from new investors to pay existing investors. The cycle will continue until the scheme ultimately collapses, either when the scammer fails to find new investors or when too many investors request to cash out at the same time.
If you lost money in a Ponzi scheme in Ohio, consult with the experienced attorneys at Meyer Wilson. Investment fraud is our exclusive practice area. Call (614) 532-4576 today for a free legal consultation.
Getting caught up in a Ponzi scheme could end badly for you and your family. At Meyer Wilson, we are passionate about helping people who have become targets for scammers. If you hire one of our attorneys, we can represent you while you go up against the orchestrator of the scheme – either an individual or enterprise.
If you are not the only victim, we can also help you through a class/mass action. Hiring an attorney for Ponzi scheme claim representation could save you from giving in to pressure from the defendant. Your lawyer will not accept a settlement offer until it is a fair amount. Our attorneys can even take a case to court if that is what is necessary for full compensation.
If you are new to investing, you could be at a greater risk of falling for a Ponzi or pyramid scheme. You may not know what “normal” investing looks like, or what to look for when trying to avoid scammers. Even as a seasoned investor, however, you could fall into a trap a sophisticated criminal sets. Keep an eye out for common red flags that signal a Ponzi scheme or similar type of fraud is in the works.
Be wary of a new investment opportunity in Ohio. Do not agree to invest until you have thoroughly researched the advisor, broker or company in charge of organizing the investment. Look for licenses, credentials, referrals and overall professionalism. If you are not sure whether an opportunity is real or part of a Ponzi scheme, take what information you know about the investment to a trusted third-party financial advisor for counsel on how to proceed.
If you lost money in a Ponzi scheme, the orchestrator could be financially indebted to you. Proving fraud may take help from an attorney, but doing so could result in payment for your economic and non-economic damages. The law may entitle you to recover the costs of what you lost in the false investment. Learn the true value of your claim during a consultation with a lawyer from Meyer Wilson.
Discovering you have lost money in a Ponzi scheme can be stressful and overwhelming. What you do next, however, is what can determine your future. If you contact Meyer Wilson, we can immediately go to work on trying to secure compensation to reimburse you for economic losses.