Lose Money in a Ponzi Scheme?
Recognized Commercial Litigation Attorneys for Investment Fraud Cases
Investors can suffer serious financial losses if they become the victims of Ponzi schemes. It is often hard for individuals to realize they are a part of a Ponzi scheme until it is too late.
The commercial litigators of Colson Hicks Eidson have decades of experience protecting the rights of both individuals and businesses affected by investment fraud, including Ponzi schemes.
Our Ponzi scheme lawyers in Florida, Roberto Martínez and Curt Miner, can provide knowledgeable, aggressive legal representation. They will work towards getting a resolution for your claim no matter how long as it takes.
What is a Ponzi Scheme? Legal Definition
According to the Federal Bureau of Investigation (FBI), a Ponzi scheme involves the alleged payment of dividends to initial investors by using money obtained through gaining new investors. However, instead of taking the dividends from the investment and properly reinvesting it back into the market, the scammers committing the fraud will opt to take on more and more new investors to keep alive the allusion of a legitimate investment.
Whether those running the operation pocket this money or use it to fund other financial endeavors, a Ponzi scheme can only last as long as new investors are willing to keep providing money. This is what allows for the continued payment of fake dividends to old investors.
A Ponzi scheme can also end when the originators of the scheme take off with their illegally obtained profits.
How Do I Avoid Ponzi Schemes? Common Signs of Financial Fraud
As with all financial investments, it is important to research the stock, company or person in which you invest. There is a lot of information available on the internet. So, make sure that you crosscheck any facts you receive with reliable sources. Examples of reliable resources include government websites or sites sponsored by accredited financial organizations.
Additionally, if the operator of the financial enterprise promises that investors will gain consistent earnings or makes unrealistic claims, this is strong indication that the investment may be a Ponzi scheme.
Locate a Ponzi Scheme Attorney in Florida to Fight Back Against Nationwide Ponzi Schemes
Did you make a financial investment that ended when the perpetrators were exposed in a Ponzi scheme? Are you unsure if your financial losses resulting from a Ponzi scheme? Please speak with our team of Ponzi scheme lawyers about your investment fraud experience.