Denial. Anger. Depression. There is no typical response to financial loss due to fraud, but this article may help you understand why you selected a particular investment or even allow you to spot a scheme before it’s too late.
At any given time, there are hordes of civil fraud recovery actions ongoing in various courts in the United States. These can range from fairly small matters, involving only a handful of people and with only a few thousand dollars at issue, to enormously complex international fraudulent schemes involving billions of dollars of diverted, misused, or stolen money from thousands or even millions of victims.
1. Don’t Panic; 2. Recognize that you are a victim; 3. Cut off communications; 4. No social media; 5. Be cautious about taking payments from the fraudster.
Ponzi schemes have become ubiquitous in today’s investing world. At any given time, there are innumerable Ponzi schemes being carried out against unsuspecting investors. Due to headline-grabbing cases such as the Bernie Madoff scandal, many investors are now aware how these schemes operate.
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