Ponzi scheme is uncovered, the victims of the scam are often left feeling confused,
concerned, and wondering what to do. Since Ponzi schemes are constructed
to be believable, many victims have been receiving fake account statements
or even receiving fraudulent payments, and the news can come as a big
shock. If you have lost money in a Ponzi scheme and need guidance, here
are two important steps you should take as soon as possible.
Collect All Documents Related to the Ponzi Scheme
This may seem like an obvious step, but it’s important that you start
gathering and organizing the information that you do have about the scam
while it is fresh in your memory. If you have been the victim of a Ponzi
scheme, you should collect all records and documents relating to the scam.
This should include the following:
- Your account statements
- Your bank records and cancelled checks
- All communication, including letters and email
- Any initial or informational documents you received
- Promotional materials and advertising for the offering
If you believe you can rely on the documents found during the investigation,
think again. Often, these records have been deleted, destroyed or were
never kept by by the fraudsters at all!
Reach Out to an Experienced Ponzi Scheme Attorney
You may have several avenues available to you for pursuing loss recovery,
and you will probably want to discuss your situation with a professional.
Before you take any other actions, consult with an experienced Ponzi scheme
attorney who can review your situation and provide guidance.
The securities fraud attorneys with Meyer Wilson have recovered hundreds
of millions of dollars in losses for our investment fraud clients nationwide.
With over fifty years of combined legal experience, we have the expertise,
experience, and resources necessary to investigate and aggressively pursue
your claims against the promoters of Ponzi schemes and other scams.