If you believe you have become the victim of a Ponzi scheme and want to assert a claim against your broker, advisor, bank, or another financial institution, your next call should be to a qualified Ponzi scheme attorney. Our lawyers have extensive experience in financial recovery for Ponzi scheme victims and understand the vast number of regulations and legal complexities that govern these cases.
There may be numerous litigation options for Ponzi scheme victims, but the most advisable course of action will depend on the unique facts and circumstances of your case. We have decades of experience pursuing civil recovery for Ponzi schemes and will help determine whether you have a potentially viable claim.
A Ponzi scheme involves a venture that purports to pay investors consistent dividends, but is actually paying earlier investors with the money provided by new investors. Ponzi schemes can vary in size and scale.
A Ponzi scheme may sometimes be masked by a legitimate investment vehicle. For example, the operator of the Ponzi scheme may take funds that are invested into a real structure, such as a set of securities or a mutual fund, and divert that investment capital into the scheme.
In other situations, the entire Ponzi scheme is based on a fictitious investment opportunity. The schemes often involve promises of little to no risk with guaranteed returns, difficulties getting payments or selling your investments, or overly complex investment strategies.
Ponzi schemes can continue for years, but when the bottom finally falls out, the defrauded investors will be wondering how they can recover their losses. While these cases are complex, there are multiple potential litigation options for Ponzi scheme victims to recover the value of their lost assets.
If you have been impacted by a Ponzi scheme, your next call should be to our securities fraud lawyers who can help you understand what litigation steps you are entitled to take.
Commercial banks, investment banks, and other financial institutions can be found liable in Ponzi scheme litigation. These parties may or may not have knowingly participated in the scheme.
However, if they were involved with the Ponzi schemer, or directly or indirectly provided material assistance to support the scheme, they may be found liable for investor damages. Brokers can also sometimes be held liable for Ponzi schemes as the intermediary who facilities investment activities, even unknowingly.
Many brokerages require that any claims against them be overseen by an arbitration panel appointed by The Financial Industry Regulatory Authority (FINRA). Arbitration can be favorable to the cost and duration of litigation.
However, it’s important to work with an attorney who has experience handling third-party civil claims. While some situations may call for a case to be presented to a FINRA panel of arbiters, a civil litigation claim for damages requires someone who is no stranger to Ponzi scheme claims and will pursue every dollar you are owed.
If you have lost money due to a Ponzi scheme, you may have multiple paths to financial recovery. Silver Law Group represents injured investors around the nation who have been harmed by a broker, bank, or other institution’s fraudulent actions.
Our attorneys can explain the litigation options for Ponzi scheme victims, identifying the applicable legal theories under which you can secure financial relief. Contact Silver Law Group today to schedule your one-on-one legal consultation.
