Denver Securities Fraud and Ponzi Schemes Attorney
Most investments are securities. Whenever one invests in a business, project, investment, or scheme to make money there is a security involved. The examples of what is a security are too numerous to list. The law makes it illegal to make a material false statement or the failure to reveal a material fact in the sale of a security. That is securities fraud.
How can one tell if there is security fraud? The best rule of thumb is: If the investment is too good to be true, it probably is a fraudulent security.
A Ponzi scheme is a kind of securities fraud when the promoter or sales person takes the investment money and misuses it for himself. The name comes from the 1920's, when an Italian immigrant named Charles Ponzi told people if the gave him their money today, he would give them back their money plus 50% in ninety days. It worked for a awhile because more and more people gave him money. But eventually the bubble burst and the last investors lost everything. Ponzi went to jail, but hundreds of people lost their life savings. The way it works is that the returns to old investors comes from the money of other new investors, not from the "investment." This is exactly how Bernie Maduff operated. A Ponzi scheme is fraudulent and illegal.
The Law Offices of Peter R. Bornstein has extensive experience with securities fraud and Ponzi schemes. We have represented investors to help them get their money back, and we have represented individuals accused by federal and state prosecutors of engaging in securities fraud and Ponzi schemes. Whichever side of the issue you may find yourself, The Law Offices of Peter R. Bornstein is prepared to protect your rights and your interests
The United States Securities Exchange Commission is charged with enforcing laws to protect investors. For more information visit their website at www.sec.gov or seek answers from www.investor.gov. Contact our office today online or by telephone at 888-344-7646 to speak with an experienced Denver securities fraud attorney.
