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  • Attorneys David Meyer and Matthew Wilson have been selected to the list of Super Lawyers since 2011 and 2015 respectively.

  • Attorney David Meyer is a member of the Million Dollar Advocates Forum, an organization recognizing attorneys who have secured million dollar cases.

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  • Attorney David Meyer was selected as the 2015 Lawyer of the Year for Professional Malpractice Law – Plaintiffs for Columbus, OH by Best Lawyers®.

  • Meyer Wilson was ranked as a Tier 1 Best Law Firm for both Mass Tort Litigation / Class Actions – Plaintiffs and Professional Malpractice Law – Plaintiffs by U.S. News.

  • Attorney David Meyerhas been selected to the list of the Best Lawyers in America® for Mass Tort Litigation / Class Actions – Plaintiffs and Professional Malpractice Law – Plaintiffs every year since 2011.

Get Rich Quick Scams

My father recently lost his job, and I'm concerned that he's making bad investment decisions in hopes of "getting rich quick" while he's out of work. How can I make sure that he isn't getting involved in a Ponzi scheme or other investment scam?

It can be difficult to approach your parents with financial concerns even under the best conditions, especially if they are used to making their own investment decisions. When you add in a crisis complication like unemployment, the task can seem impossible. Almost everyone hits hard financial times at some point in his or her life, whether that's due to divorce or unemployment.

Any investment fraud lawyer can tell you that, when the financial situation looks bad and your savings are dwindling, you are even more susceptible to sweet-talking fraudsters promising fantastic returns with no risk. It can be difficult to talk to your parents about their financial situation, but the most important thing you can do to protect your father from investment scams and Ponzi schemes is to open the lines of communication and listen for anything fishy about the investment while you talk. Start with simple questions about:

  • Why he is interested in a certain investment
  • How the investment works
  • How he found out about it and who is offering it
  • How it fits into his long-term plans

To help you continue the discussion with your father and arm you with solid information, we'd also be happy to send you a FREE copy of our helpful book Five Signs of Investment Fraud ...And What to Do if it's Happened to You, which helps investors recognize the signs of financial fraud and offers crucial information about what to do if you are lured in by fraud. Just give us call today to speak with an experienced investment fraud lawyer.

You can also learn more about recovering losses after a Ponzi scheme by watching Attorney Dave Meyer's video below.

Learn more about the aftermath of a Ponzi scheme by reading Attorney David Meyer's post for ABA.

Need More Information?

Investment misconduct can be complex and confusing. That’s why we’re here to help you. Visit our Common Questions page to find in depth answers directly from our attorneys. Get More Answers
Have You Been a Victim of Investment Fraud?

You trusted your financial advisor with your money, but now you're left wondering what went wrong. If you or a loved one suffered losses because of investment misconduct, Meyer Wilson can step in and fight to recover your losses. The team of investment fraud lawyers at the firm has been helping people like you since 1999 by winning judgments, settlements and verdicts worth hundreds of millions of dollars against brokerage firms, financial advisors and banks.

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