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The con artists who run multi-million-dollar Ponzi schemes are good at
manipulating the good intentions of their clients. Some Ponzi schemes
lure people in by claiming that it’s an “exclusive”
offer or “invite only,” and the promoters of these scams often
ask investors to keep the information under wraps. This tactic ends up
serving two purposes for con artists, and both can be dangerously effective
on unwary investors. As a Ponzi scheme lawyer, here are a few things I
think investors should know about any investment that they are asked to
First off, no legitimate financial advisor or broker will ever ask you
to keep an investment opportunity a secret. Convincing you to keep it
a secret essentially serves two purposes:
It makes the offer seem more tempting. By making the investment seem like a
once-in-a-lifetime investment offer, the fraudster has already piqued your interest and made you feel like part
of an exclusive group. This often makes investors more receptive to a
It makes the Ponzi scheme harder to detect. By asking you to keep the scam a secret, the promoter has limited the
chances that you’ll talk to someone who can spot something “fishy”
about the scheme. The promoter may also use the “exclusive”
or “secret” nature of the offer as an excuse for not providing
written documentation or to deter further research into the investment
offer or his/her own
investment qualifications and history.
While keeping secrets is one way that con artists dupe investors, it’s
far from the only tactic they use. To learn more about how Ponzi schemes
lure in and defraud unwary investors, please see our article, “
How Ponzi Schemes Keep Fooling Victims While Keeping Up Appearances.”
And, if you have already become the victim of an investment scam, our securities
fraud lawyers urge you not to wait until it’s too late to get help
recovering your losses. You can speak with an experienced Ponzi scheme
attorney with Meyer Wilson in a completely free, no-obligation consultation
to ask questions and discuss your concerns. Please give us a call today
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