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.

The Meyer Wilson Way

Results-Focused Representation
  • More than $350,000,000 Recovered
  • Voted Best Lawyers in America┬« for over Ten Years Running
  • David Meyer is the Immediate Past-President of Public Investors Advocate Bar Association (PIABA)
  • Over a Thousand Investor Claim Cases Since 1999
  • Exclusive Focus on Investor Claims & Class/Mass Action Lawsuits
  • Deep Bench of Skilled Attorneys and Staff Members

We Recover Investment Losses

Helping You Take Back What Is Yours
  • Jury Verdict Won Against Prudential Securities $262 Million
  • Recovered for 100-Year Old Widow $30 Million
  • Recovered in Retirement Losses $10 Million
  • Recovered for a Large Group of Individual Investors $6.5 Million
  • Recovered for Elderly Victim in Ponzi Scheme Case $3.8 Million
  • Recovered for Elderly Ponzi Scheme Victim $3.2 Million
  • Recovered for More Than 50 Families of Ponzi Scheme in California $3.2 Million
  • Recovered for 35 Families in Northeast Ohio $3.1 Million
  • Losses Recovered for 20 Retirees $3 Million
  • Recovered for Retired Physician Against Major Wall Street Firm Prior to Filing FINRA Arbitration $2.5 Million

Talk to Our Team

Get Started with a Free Evaluation
  • Please enter your first name.
  • Please enter your last name.
  • Please enter your phone number.
    This isn't a valid phone number.
  • Please enter your email address.
    This isn't a valid email address.
  • Please make a selection.
  • Please enter a message.