Ponzi scheme starts to move through a group or a community, it almost seems to perpetuate
itself with the buzz created from trusted members of a tight-knit community.
But how do fraudsters manage to get in good with these groups to begin
with? Here are a few ways con artists manage to wriggle their way into
- By attending community meetings or events and networking with group members
- Through a website that promotes the investment
Through social media sites (like Facebook and Twitter), email lists, or
online forums to perpetuate
online investment scams
- Through community leaders and senior group members, who may then pitch
the investment product to the community on their own—or even invest
with the organization’s money
Through friends and relatives, who pass on the word about the completely
high returns they seem to be getting back
Ponzi schemes require an illusion of legitimacy to operate, and many are easily uncovered
if an investor first does a little research into what’s being offered.
Even when you hear about a great investment opportunity from a friend,
church leader, or family member, take the time to carefully check out
everything you’ve been told.
If you or a family member has become the victim of a Ponzi scheme through
a church or community group, aPonzi scheme lawyer with Meyer Wilson can help. Give us a call today or fill out the confidential
online contact form on this page to learn more. When you call, don’t
forget to also request your FREE copy of our helpful book
Five Signs of Investment Fraud…And What to Do if it’s Happened to You.