Investment schemes, and Ponzi schemes specifically, have received a great degree of attention in the media in the past several years due to the arrest of Alan Stanford, of the Stanford Financial Group in Antigua, and the multimillion-dollar Ponzi scheme of Bernie Madoff. These cases have drawn not just media attention, but the attention of the Federal Bureau of Investigation (FBI), Drug Enforcement Administration (DEA), Secret Service, and the Securities and Exchange Commission (SEC), who all work to protect the American securities market.
A Ponzi scheme is similar to a pyramid scheme. In a Ponzi scheme, a growing pool of investors is drawn to the scheme by the promise of high rates of return that are not based on any actual investments. The pool of investors must continue to grow in order for there to be sufficient funds to maintain the unrealistic returns that those who invested previously are experiencing.
If you are facing charges related to the operation of a Ponzi scheme or any other type of investment scheme, even if you are merely under investigation or believe that you may be investigated, you need to take proactive steps to ensure that your rights are protected.
Let the investment fraud team at Cravens & Noll bring decades of experience in providing exceptional defense to our clients against state and federal charges.