Miami Ponzi Scheme Attorney
A Ponzi scheme is an investment fraud where the manager makes payment of purported returns to existing investors from funds contributed by new investors. Ponzi scheme organizers often solicit new investors by promising to invest funds in opportunities claimed to generate high returns with little or no risk. In many Ponzi schemes, the fraudsters focus on attracting new money to make promised payments to existing investors, thereby creating the false appearance that investors are profiting from a legitimate business.
With little or no legitimate earnings, Ponzi schemes require a consistent flow of money from new investors to continue. Ponzi schemes tend to collapse when it becomes difficult to recruit new investors or when a large number of investors ask to cash out. Contact our Miami Ponzi Scheme attorneys for detailed information.
Bernard Madoff is the most well known recent Ponzi schemer. He represented that he was buying a basket of stocks that moved in tandem with the S&P 100, and was selling calls and buying puts against those positions. The reality, however, was that he was doing no investing whatsoever and was reporting fake results. His fake results were so steady and so consistent that everyone wanted to invest with him.
Carlson & Associates, P.A. represented close to a dozen investors that lost money through Madoff, we are experience Miami investment fraud attorneys.
Contact our Miami Investment Fraud Attorneys
Carlson & Associates, P.A. has years of experience helping Miami clients with investment fraud, corporate & partnership disputes, officer liability and coverage & legal and accounting malpractice. Contact us online or call 305-372-9700 for more information or assistance.