As the economy continues to lag,
Ponzi schemes and investment fraud are a growing problem for investors throughout the
country. The U.S. Justice Department acknowledges this and has recently
announced that it will hold a series of summits to help protect and educate
investors. The first of these summits was held on October 1 on the Stamford
campus of the University of Connecticut, with other summits taking place
this month in Nashville, Miami, Cleveland, Denver, and San Francisco.
The summits, hosted by the U.S. Justice Department and the Securities and
Exchange Commission, will bring together federal prosecutors, FBI officials,
and representatives from other agencies. The conferences will focus on
topics that pertain to investment scams and investment fraud victims.
Connecticut U.S. Attorney David Fein, who established the Connecticut Securities,
Commodities and Investor Fraud Task Force, expressed concern about the
growing problem of investment fraud. He noted that many victims, especially
elderly investors, are reluctant to report fraud when it happens. “We’re
finding this is a remarkably unreported situation,” he said.
If you or a family member has been a victim of fraud, don’t let embarrassment
keep you from reaching out for guidance. The
investment fraud attorneys with Meyer Wilson have more than 50 years of collective experience representing
more than 800 investors across the nation in
stockbroker mediation, arbitration, and litigation related to Ponzi schemes,
hedge fund fraud, and other investment scams.