While some forms of investment fraud may be blatant, many illegal activities like Ponzi schemes often appear to be legitimate, reliable ventures at first glance. Ponzi schemes, like the one infamously run by Bernie Madoff, are known to typically offer prospective investors an investment opportunity with minimal risk and a high rate of return.
However, identifying Ponzi schemes can often involve recognizing less obvious warning signs that even the most seasoned of investors could miss. The Ponzi scheme attorneys at Silver Law Group regularly represent individuals who have lost money in this way.
Scott Silver and our legal team help clients nationwide pursue claims against both individuals and entities who orchestrate or perpetuate these fraudulent activities. We work tirelessly to identify and pursue all available avenues of asset recovery for victims of Ponzi schemes.
When identifying the signs of a Ponzi scheme, ventures promising unusually high rates of return in a short period, with minimal to no risk purportedly involved, is perhaps the most blatant red flag. Many Ponzi schemes involve unlicensed sellers who consistently pressure investors to reinvest into the venture rather than cashing out their money. Perpetrators may also make it exceedingly difficult for investors to find any information about the nature of the investment their money is supposedly going towards.
Missing paperwork, errors, or simply lack of detailed information about an underlying investment strategy are all red flags that could signal something is amiss. Unregistered transactions, brokers, and/or securities are also warning signs that can be used to identify a Ponzi scheme.
The first step you should take if you suspect a Ponzi scheme is to contact an attorney. The securities fraud lawyers at Silver Law Group have successfully represented thousands of investors previously in arbitration, mediation, and litigation claims to recover losses caused by fraudulent ventures like Ponzi schemes.
If you suspect that you have fallen victim to a Ponzi scheme, do not wait to secure the legal representation you deserve. Our attorneys can ensure you do not miss any important deadlines and comply with the statute of limitations for your claim.
When victims’ assets are unwittingly put into a Ponzi scheme, recovery can be challenging, as these resources have often been significantly depleted by the time the fraud is uncovered. Ponzi scheme operators may end up filing for bankruptcy to try to avoid paying out what they owe victims.
Our attorneys are deeply familiar with Ponzi scheme cases and can work around the clock to make you financially whole again through all available strategies. Claims against the scheme operators, third parties who aided and abetted the operator, or joining class action lawsuits with other victims are just a few potential recovery options.
Ponzi schemes don’t happen in a vacuum. Many Ponzi schemes utilize the assistance of lawyers, auditors, or commercial banks to assist the fraud and give the Ponzi scheme additional legitimacy. Silver Law Group has handled multiple claims for aiding a breach of fiduciary duty, fraud, and negligence against many banks, law firms, and auditors alleging the Ponzi scheme could not have been successful but for the assistance of these professionals. Our attorneys routinely work with SEC receivers and bankruptcy trustees on these cases and bring our experience and expertise to these complicated cases.
Banks, accountants, financial institutions, and other organizations may be legally liable for losses in a Ponzi scheme. Scott Silver and the securities fraud attorneys at Silver Law Group can assist individuals and businesses who have identified a Ponzi scheme and hope to get their money back.
We also help victims in cases involving SEC receiverships, as well as bankruptcy proceedings in a wide range of litigation claims. Our attorneys are well-versed in the intricacies of Ponzi schemes and the legal challenges that victims face.