California Investment Seminar Scams: Don’t Take the Bait!

You receive a letter in the mail, or perhaps spot an ad in your morning paper, offering free information on an unbelievable real estate investment in Oakland. Be careful! California investment fraud comes under a lot of guises, but one of the most popular ways to reel in unsuspecting Californians is through “free lunch” investment seminars.

How Does Investment Seminar Fraud Work?

Although some investment seminars are legitimate, any seminar that promises an opportunity that is easy, requires little money down, and “guarantees” high returns should make you pause. These types of investment scams entice people in with a free seminar offering beginning investment advice and maybe a free dinner or prizes. When you get there, though:

• There are extra fees, additional “exclusive” seminars, or special software to be purchased.
• You are pressured to buy now, or miss out.
• You’re offered a suspicious loan to get you started and cover the cost of the next seminar.
• The investment seminar advertises a fantastic-sounding investment, but when the time comes to buy, you’re offered something completely different.

Where Does It Go Wrong?

At this point, you probably get the feeling something “fishy” is going on, but where does that money actually go? If you run into the “red flags” above, there’s a good chance your hard-earned cash is actually going into:

• Ponzi schemes. The fraudster uses the money taken in from expensive seminars to pay off investors, giving the appearance of legitimacy.
• Promissory notes. Unsecured promissory notes are often a front for scams.
• Commissions. The investment opportunity is probably a lemon, but the fraudster makes a big commission from each and every sale.

If you have been the victim of a California investment seminar scam, you need an investment fraud attorney with the knowledge and experience to help you recover your losses. Meyer Wilson represents stockbroker mediation, arbitration and litigation claims nationwide. Contact us today at 866-827-6537, or use the confidential contact form at the top of this page.

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Five Signs of Investment Fraud…And What to Do if it's Happened to You is intended to to expose the ugly truth behind investor fraud and its devastating consequences

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