Can Promissory Note Investments Actually be Ponzi Schemes?

 

A: Unfortunately, the answer is yes. The investment fraud attorneys at the law firm of Meyer Wilson have represented many clients who have lost money in promissory note investment scams. When you invest in a promissory note, you are basically providing a loan that you hope to have paid back according to its terms. Often, promissory notes are unsecured and, thus, provide no collateral for you to collect if there isn't enough money to pay you.

What's worse is that fraudsters often promise a high rate of return, or high interest rate, on the promissory note. You might even receive payments. However, if the investment is a scam then the money that you receive is likely from other investors in what is known as a Ponzi scheme. At some point, the fraudster will likely be unable to pay you and the scam will be made public.

If this has happened to you, then it is important to contact an experienced investment fraud lawyer as soon as possible to discuss your rights and potential recovery.

The investment fraud lawyers of the law firm of Meyer Wilson have successfully represented more than 800 clients and exclusively represent investors in stockbroker mediation, arbitration and litigation claims.

Please contact us today at 1-866-8-BROKER (827-6537) for a free consultation and please read our free book: Five Signs of Investment Fraud and What to Do if It's Happened to You for more information.