SEC Whistleblower Lawyer Blog
If it sounds too good to be true, it usually is. It is an investment opportunity that offers no risk, high returns, or other incredible claims and is just a can’t-miss way to make more money. Unfortunately, many people get lured into an “easy money” scenario that is nothing more than a fraud.
Ponzi schemes are the most popular ways fraudsters separate people from their money. Promises of “no risk, high/guaranteed returns” are just some of the hallmarks of the Ponzi scheme since its invention by Charles Ponzi in the 1920s. Other hallmarks include a missing business plan, vague explanations for how it operates, and lack of accountability. Continue reading