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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.

  • Martindale-Hubbell® Peer Review Ratings™ has recognized attorney David Meyer as an AV Preeminent® attorney in High Ethical Standing.

  • Attorneys David Meyer and Matthew Wilson have received a 10 out of 10 “Superb” rating on Avvo, calculated based on stringent and exhaustive criteria.

  • 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.

What Has The Madoff Scandal Taught Us?

In December 2008, the unraveling of Bernie Madoff's Ponzi scheme turned the investment world upside down. Investors, investment firms, regulators, and charities suffered catastrophic losses. People's faith in the financial system was profoundly shaken in ways that have not yet fully been resolved. It's been two years, and new Ponzi schemes and securities fraud cases continue to come to light every week. How should investors respond?

Learn from it, advises Barry Ritholtz, the CEO and Director of Equity Research at Fusion IQ, an online quantitative research firm. In a recent article on BusinessInsider.com, Ritholtz offered investors ten lessons to be learned from the Maoff scheme. A few among them:

  • #7. Diversify your assets among several unaffiliated financial firms. Many investors lost everything in Madoff's scheme, because they had invested all of their assets with him. "If the worst happens, this is a recipe for disaster," wrote Ritholtz.

  • #5. Make sure you fully understand each and every one of your investments. You should be able to articulate the benefits, the risk factors, the projected returns, the basis of the investment, and the investment strategy.

  • #2. Remember: "Too good to be true" is a cliché for a reason. If you're promised overly high returns at super-low risk, there's probably something fishy about the investment.

  • #1. It is imperative that you conduct proper and detailed research on every financial professional and investment product you consider. Don't rely on third party references or testimonials - perform your own due diligence.

What should an investor do if they fears their money is tied up in a Ponzi scheme? Ritholtz advises to withdraw their cash via facsimile or registered letter without a reference to why.

Next step? We advise all investors who believe they may be the victims of investment fraud to consult with an attorney to find out how to recover losses and hold the schemer accountable.

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.

Get Help With Your Case Now

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