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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.

Who Are Ponzi Scheme Victims?

Anyone Can Be a Ponzi Scheme Victim

When people hear of someone who was victimized by financial fraud, they frequently envision a person who has little understanding of investments and is easily tricked. However, that is not always the case. Fraud victims have various levels of investment experience, as well as different educational and professional backgrounds. In reality, investment fraud can happen to anyone.

People Who Are Ponzi Scheme Targets

Every year, countless investors lose money to Ponzi schemes. This form of fraud, which involves using money from new investors to pay initial investors, is prevalent throughout the country. It has impacted people from numerous income brackets, including celebrities.

The people who are typically the targets of these investment scams include:

  • Those with relationships with their financial advisors, accountants and trusted professionals
  • Friends and family members of other victims

The Typical Ponzi Scheme

Scam artists are able to lure investors by promising high returns in a short amount of time. The investments are usually described as safe and secure, which couldn’t be further from the truth.

Here is an example of a typical Ponzi scheme:

  1. An investor is promised a certain percentage return each month.
  2. At the end of every month, the scam artist pays the investor this return from the money collected from new investors, which acts as dividends.
  3. Since the investor is receiving what he or she perceives as dividends, the investor may encourage friends and family members to invest.
  4. As soon as the pool of new investors dries up, the Ponzi scheme starts to collapse.

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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