It is tempting to invest in an opportunity that is seemingly risk-free. But these types of opportunities can be misleading or even illegal. A Ponzi scheme is an illegal investment scheme that could defraud innocent investors of thousands of dollars. Ponzi schemes are linked to affinity fraud. Affinity fraud constitutes a Ponzi scheme that targets […]
Investing your money comes with a certain amount of risk. But that risk should be at the hands of market forces, not your broker or financial adviser. Yet, all too often, innocent Americans are duped out of their life savings by dishonest and morally bankrupt people who work in the securities sector. Fortunately, some actions […]
Man who ran Ponzi scheme defrauding athletes and others pleads guilty A man who was running a Ponzi scheme that defrauded multitudes of investors including professional athletes pled guilty in Colorado. The 50-year-old could go to jail for as many as eight years. He must also pay $18 million back to those he defrauded. According […]
A Ponzi scheme is a type of securities fraud that can significantly harm unsuspecting investors. Potential investors should know what to watch for and the legal resources available to them to keep them protected from Ponzi schemes and other types of securities fraud. Everything to know about Ponzi schemes The basic idea behind a Ponzi […]
Many people in New York City and Long Island work for decades in investment, and are able to distinguish a good deal from a bad deal. However, sometimes a deal is too good to be true — in fact, it may actually be an illegal Ponzi scheme. The following are seven signs you may be […]
For many New Yorkers, the temptation to make money by investing can be too enticing to ignore. This is especially true when there is an ongoing health crisis and people are trying to find ways to earn or supplement their income to counteract various challenges that have come up. The key attraction to Ponzi schemes […]
Investors in New York, across the nation and its territories, are constantly searching for strategies to maximize their investments. In some instances, they are offered a financial opportunity that sounds like it has a good chance of succeeding. It may even appear to be too good to be true. Unfortunately, in the securities industry, there […]
The Ponzi scheme is an investor’s worst nightmare. The thought of discovering that a trusted associate has absconded with your hard-fought income can keep well-meaning investors from making financial decisions with confidence. With federal authorities warning that Ponzi schemes are as prevalent as ever, protecting yourself and your finances is imperative. Although uncovering a Ponzi […]
Whether you’re a first-time investor or you have been doing it for years, you should always be on the lookout for scams. Before you make any commitments, be sure that you know how to spot and avoid a Ponzi scheme. Here are some red flags to look out for. Low-risk, high reward Be wary of […]
Bernie Madoff is in prison, serving a 150-year sentence after pleading guilty to numerous felony charges for bilking investors out of billions of dollars. However, just because the drawn-out criminal case is over does not mean the matter is resolved. Far from it. According to an article from Forbes, victims of Madoff’s scheme have yet […]