In the financial world, no business plan can create high returns on a little investment in a very short period. This practice is the identifying characteristic of a Ponzi scheme – in 99% of the cases. In this scheme, the investing company will promise a big return on very little investment from a client and move heaven and earth to acquire new ones.
The money collected from the clients joining later is utilized to pay the returns to the initial clients. So, if you are thinking of investing in such a scheme, it would be better to show the scheme documents and agree to the most experienced Miami Ponzi scheme Lawyer.
The Question you Should Ask
Ponzi schemes fall under the category of 'fraudulent investment scam' in the financial law book. Although it seems not so dangerous – there are reports of individuals losing their whole-life savings because of investing in these fraudulent funds. Moreover, once the scheme dries up, it becomes hard to get the original installment back – let alone the promised returns. It becomes very hard to distinguish between a genuine high-paying fund and a Ponzi scheme in these situations. Here are some questions the most distinguished Miami Ponzi scheme Lawyer will ask – so that your money doesn't go down the drain: -
- Are the investments registered with the Securities and Exchange Commission (SEC)?
2. Can the company personnel explain the investment strategy?
3. What is the client-inclusion rate within a fortnight?
4. What is the return percentage?
5. Can the investing company show document for the investment?
6. How easily can the client move money from the investment fund?
Any out-of-the-ordinary answer from the investment fund will make it more likely to be a Ponzi scheme. A sure-shot giveaway is sidestepping the investment strategy, routine delaying or refusal to disburse money, and absence of the proper documentation. It is better to involve the most skilled lawyer from an early investment stage to ensure that con artists don't squander your money.
The lawyers will help take precautions against these predatory schemes and provide legal help if you have been a victim of these financial institutions. The most experienced Miami Ponzi scheme Lawyer provides the best legal help in these cases – they have enviable records against getting justice from Ponzi scheme companies for their clients.
Their team of skilled lawyers is well-versed with the applicable financial law – making them the best candidate for handling these cases. If you are facing problems with any financial matter, you can take the help of these legal gurus.