Ponzi Scheme Attorney in California
Let Baldwin Mader Law Group Help You Pursue the Justice You Deserve
If you lost a substantial amount of assets due to a Ponzi scheme, it is
imperative to obtain experienced legal representation from a qualified
investment fraud attorney. At Baldwin Mader Law Group, we are dedicated
to helping you hold those responsible for your loss. The individuals who
are running the scheme, as well as your financial advisors, may all be
held accountable for conducting a fraudulent investment.
With more than 50 years of collective experience, we understand how to
best handle cases of fraudulent investment, and we will do what it takes
to recover your lost assets. Our legal team can investigate your case,
collect evidence, and develop an effective legal strategy to get the results
What Is a Ponzi Scheme?
A Ponzi scheme is a type of fraudulent investment operation which does
not earn any real money from financial investments, but instead, pays
returns to its investors with the money it receives from subsequent investors.
The typical Ponzi scheme works as follows:
- The organizer (leader) promises investors unusually high financial returns
on their investment
- The investors provide the organizer with money for the fake business venture,
such as a remote enterprise involving oil wells, diamonds, or silver minds
- The money received from the new investors is sent directly to the early
investors, creating a positive buzz among early investors
- The early investors get ecstatic for the investment opportunity as soon
as they gain their profits and start promoting the investment scheme to
their peers and family members.
- The organizer eventually ends the scheme and disappears with all the money
generated from the investors
The scheme takes its name from Charles Ponzi, who was convicted of fraudulent
schemes in Boston, MA in the late 1920s. However, the most famous Ponzi
scheme in history was conducted by Bernard Madoff, who allegedly scammed
investors for $50 billion and was sentenced to more than 150 years in
Ready to Fight Tirelessly for You
Ponzi schemes are illegal in the U.S., often prosecuted under state and
federal white collar crimes law: wire fraud, tax fraud, mail fraud, securities
fraud, money laundering, and RICO laws. These claims are typically handled
through arbitration, instead of through the courtroom. Baldwin Law Group
possesses extensive knowledge of California and federal laws to guide
you through the complexities of your case in order to get the most favorable
and schedule your complimentary initial consultation today.