The Ohio Department of Commerce has recently released their 2011 list of popular
Ohio investment scams, and warns investors to be on the lookout. As the years of this poor economy
stretch on, many fraudsters are seeing a profit from preying on those
seeking financial stability for the future by "promising"
high returns with little risk.
The most popular Ohio scams for 2011 were:
This is the 4th year in a row that the
Ponzi scheme topped the list.
What should Ohio investors do? As always, be prepared to do a little research
before you agree to an investment opportunity. David Goodman, the Director
of the Ohio Department of Commerce, reminds investors that, "Con
artists prey on peoples' fears by exploiting today's headlines
with promises of ‘guaranteed' returns at no risk. Don't
be fearful. Be knowledgeable. There is no such thing as a no risk/high
securities fraud lawyers help people who have lost "nest eggs" or retirement funds to
fraudsters. We have recovered millions of dollars in losses for our clients through
stockbroker mediation, arbitration, and litigation, and we look forward to speaking with you
about your unique case.