What is high yield investment fraud?
“High yield investment fraud” is a term used to describe a currently popular investment scam that is generally run online through flashy websites by unlicensed promoters. Although most of these scams are currently being run online, you may hear the pitch over the telephone or even in person. Here are some of the main signs that high yield investment fraud is at work:
- You are promised incredible returns, sometimes up to 100 percent a day.
- You are told that there is little or no risk.
- The offer is unsolicited and comes to you online or by telephone.
Additionally, many of these investment scams are just a cover for a classic Ponzi scheme, in which money coming in from new investors is used to pay the fabulous returns “guaranteed” to prior investors.
At Meyer Wilson, we regularly represent our clients in securities arbitration, litigation, mediation, and class action lawsuits relating to investment fraud and misconduct. When you speak to our experienced securities fraud lawyers, you can rest assured that you are speaking to someone who understands your rights and has the resources to help you recover your losses. Give us a call today or fill out our confidential online contact form.