If you are new to the world of investments you may find yourself falling victim to one of those so-called Ponzi schemes. While many people may be familiar with the name, not everyone understands exactly what these schemes are and what they entail. Essentially, Ponzi schemes take their names from Charles Ponzi who was the first one to launch a scheme that promised a 50% return on investors. However, the scheme did not succeed as no investors were willing to take over and buy out the initial investors.
Nowadays, Ponzi schemes do not usually promise 50% returns, but they do still offer returns that are much higher than those that would normally be received through investments. For example, most regular investments offer a return of 4-5%, however, at times investments offering a 7-10% return may appear. While these are not necessarily Ponzi schemes it is always suggested that you use caution when looking at such investments as oftentimes, these can be risky investments and they can result in the loss of savings and retirement funds.
If you find yourself in such a situation where an investment that you had made led to you losing a big part of your savings through a Ponzi scheme and you are seeking a solution that could allow you to get back parts of those funds then you will need an attorney company with years of experience in the field. MDF Law PLLC is a New York City-based commercial litigation firm, and they have years of experience in assisting and advocating for investors who may have lost their money through such schemes. They have also taken several cases where elderly victims of securities fraud and investment fraud are looking for compensation for the funds that they have lost.
In their experience, when dealing with such cases, time is of the essence. This is why they offer a free consultation so that they can create an action plan and take the appropriate actions as quickly as possible, to recover your money. In the case of investments that sound too good to be true, but end up backfiring having a good litigation firm behind you can make all the difference, and it is for this reason that MDF Law has dedicated so much to assist those who are looking to restore their funds after losing it through risky investments or Ponzi schemes.