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You may have lost money in your investment portfolio,
due to mismanagement and not even know it.

SEC seizes assets stemming from alleged ponzi scheme

If you are an investor, whether you are a novice or an experienced investor, would you know the difference between a multi-level marketing organization and a ponzi scheme? At first glance, the difference would be that MLMs actually sell products and services where an investor who brings in a number of other people stands to profit at a greater rate; whereas a ponzi scheme does not involve neither products nor services. Also, those who are brought into a ponzi scheme stand to lose their entire investment.

Also, if you are the average investor, would you know the value of amber deposits? The likelihood is that you would not; and there are unscrupulous brokers who are betting on this possibility, all the while promising you huge returns on your investment. As the old adage goes, “if it is too good to be true, it probably is.”

A recent asset seizure initiated by the Securities and Exchange Commission (SEC) exemplifies the risks that unwitting investors can be subject to by crooked brokers. The SEC has filed fraud charges and seized the assets of an investment group that reportedly raised more than $30 million based on fraudulent investment opportunities. Essentially, investors were misled about a lucrative initial public offering that never happened and about claims that their investments would generate returns based on substantial amber deposits that were being mined.

As we have noted in other posts, investment fraud has a civil component in addition to criminal consequences. With that, an experienced securities fraud attorney can help investors recover money that was stolen and misappropriated. 

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