After the recent tragedy, I am interested in putting my money into investments that will have an impact in Japan. What are the signs of an investment scam related to the Japan tragedy?
A: For the most part, the signs of a Japan tragedy investment scam are the same as the signs of any investment fraud:
- Promises of high returns with little risk
- Pressure to invest right away
- Difficulty obtaining records and documents related to the investment
- Any unsolicited opportunity, especially over the phone or through e-mail, that comes from a person or company you have not dealt with in the past
However, there are a few specifics to watch out for when it comes to your Japan-related investment. Watch out for any investment opportunity that:
- Claims an association or agreement with a government entity aiding Japan
- Is developing a new technology for Japan, such as earthquake simulations or clean-up strategies, but does not yet have any actual products
- Endorses that, despite a lack of revenue to date, it will dominate the post-tragedy market in Japan
If you have been the victim of a Japan-related investment scheme, contact an experienced investment fraud attorney today at 1-866-8-BROKER (866-827-6537). The law firm of Meyer Wilson represents victims of investment fraud nationwide and has achieved jury awards, arbitration awards, and settlements with a combined value of hundreds of millions of dollars for our clients. We look forward to helping you recover your losses.