If you believe you have been a victim of a Ponzi scheme, you may be well served by talking to a lawyer. More specifically, it may be useful to discuss your specific situation with a Ponzi scheme lawyer. If you suffered losses as a result of a Ponzi scheme it’s crucial to understand what may be in store for you as you consider discussing your case with an experienced lawyer.
It helps to know what a Ponzi scheme is, exactly, as well as who may be held responsible for your losses. While there is a popular belief that money lost in a Ponzi scheme is irrecoverable, this may not be the case for you.
What Is a Ponzi Scheme?
First, let’s discuss the concept of Ponzi schemes. A Ponzi Scheme is a fraudulent investment operation where the perpetrator pays earlier investors their returns using investor’s own money or fresh investments from new investors, rather than from any earned revenue.
Ponzi schemes are generally illegal (and Ponzi scheme lawyers fight for those who are victims of these operations). However, they are still an often occurrence, and it can be difficult for investors to be aware early on that they are, in fact, participating unknowingly in a Ponzi scheme.
These schemes are usually found out when the operation at the helm can no longer find any new investors. Then, they are faced with the realization that they can no longer pay those investors they need to. With absolutely no money left from their fraudulent scheme, many investors then realize what has happened. This is typically when victimized investors decide to discuss their situation with a Ponzi scheme lawyer.
Who Is Responsible for Your Losses?
Unfortunately, when investors find themselves the victim of a Ponzi scheme, they are often told that their money invested is gone. While this could be true, there may be certain scenarios in which the victims may be able to pursue compensation for their losses. Ponzi scheme lawyers often help victims identify potential responsible parties.
It is not uncommon for brokerage firms, banks, professionals such as lawyers or CPAs, and other third parties to be held accountable for Ponzi scheme losses. Often, a third party actor was privy to information about the scheme or was aware of what was taking place, and nonetheless participated in the scheme. In such scenarios third party participants may be held responsible for victims’ losses.
By talking with an experienced Ponzi scheme lawyer, you can learn your options to pursue recovery of investment losses. A qualified ponzi scheme lawyer will be able to identify those who should be held responsible for your losses.
Get a Ponzi Scheme Lawyer Now
If you believe that you may be the victim of a Ponzi scheme, it’s important that you consider getting in contact with a Ponzi scheme lawyer as soon as possible. An experienced investor lawyer will evaluate your particular case, will identify the relevant claims and will advise you on the best course of action.
Attorneys that practice in this area of the law, dealing with Ponzi schemes and other types of i are likely familiar with the rules, regulations, and jurisprudence applicable to this type of misconduct. They may be in a more qualified position to help you recover your losses.
As indicated above, generally speaking, third party actors such as brokerage firms or financial institutions may be held responsible for your losses from a Ponzi scheme. By contacting a Ponzi scheme lawyer you can learn how they can help you recover what you lost.
This blog does not offer any legal advice. Investors who believe they lost money as a result of fraud or a Ponzi scheme should contact an attorney for an evaluation of their particular legal situation.