If you have suffered investment losses in a Ponzi scheme recommended to you by your financial advisor or stockbroker, The White Law Group may be able to help.
A Ponzi scheme, or pyramid scheme, is a fraudulent investment operation that pays returns to separate investors from their own money or money paid by subsequent investors, rather than from any actual profit earned. Although some of the most famous recent Ponzi schemes were those orchestrated by Lou Pearlman, Tom Petters, Allen Stanford, Scott Rothstein, and, of course, Bernie Madoff, there have been numerous other Ponzi schemes throughout the country that have had the same crippling affect on the investors.
Brokerage firms have an obligation to perform due diligence on any investment it recommends to its client prior to making the recommendation. As such, if you have suffered investment losses in a Ponzi scheme recommended to you by your brokerage firm, the firm may be liable for your losses. The White Law Group is currently investigating several investments recommended by brokerage firms that appear to have been Ponzi schemes. These investments include, but are not limited to, investments in DBSI, Provident Royalties, and Medical Capital.
If you have suffered investment losses in a Ponzi scheme recommended to you by your financial professional, call The White Law Group at 312-238-9650 for a free consultation.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida. With over 30 years of securities law experience, including experience working at FINRA (f/k/a the NASD) and the SEC, The White Law Group has the expertise to help investors defrauded in securities, investment and financial business transactions.
For more information on The White Law Group, please visit our website at http://www.whitesecuritieslaw.com.