I received some payments from an investment that later turned out to be
a Ponzi scheme. What happens to me?
Before I answer your question, I strongly encourage you to speak directly with a
Ponzi scheme cases
can be so complicated, it’s impossible to offer practical guidance
without more information about the specifics of your situation.
However, in general, what happens to you will depend on many factors, including
whether you received more than you invested, when you invested or received
returns, and what happens during the potential criminal investigation.
In some cases, if you did not receive more than you invested in the Ponzi
scheme, you may be able to further pursue your remaining losses through
mediation, arbitration, or litigation proceedings against the broker,
financial advisor, or brokerage firm that promoted the scheme. In cases
where you have received more than you invested, you may be asked to forfeit
some or all of the proceeds to help others in recovering their losses
from the scam in the criminal case even though you are innocent and were
unaware of the fraud.
It's important to remember that even experienced investors can be taken
in by investment scams like Ponzi schemes.
One of the best actions you can take in a situation like this is to gather
any documents and information you have about the Ponzi scheme, including
your communications with the Ponzi scheme promoter, your
account statements, and other materials related to the alleged investment or investment company
involved in the scheme. After that, you should consider reaching out to
Ponzi scheme attorney for further legal guidance.
If you need help, you can schedule a completely free and confidential case
evaluation with one of our securities fraud attorneys today. Just give
us a call or fill our online contact form for more information.
Attorney David Meyer has published a post for the American Bar Association
regarding the aftermath of a Ponzi scheme. You can read the article by