415-441-8669 | TOLL FREE: 888-50EVANS

Oct 9, 2018 by |

San Francisco and California Securities Fraud and Whistleblower Attorney: Ponzi Schemes

ATTORNEY NEWSLETTER

New Ponzi Schemes

Years after the Bernie Madoff Ponzi scheme was discovered, such fraudulent pyramid schemes are still very much around. Recently, the government arrested three men who posed as investors hawking what turned out to be a $364 million Ponzi scheme.[1] The California securities fraud attorneys at Evans Law Firm, Inc. can represent you if you lose money in a Ponzi scheme or as the result of annuity fraud, insider trading, securities misrepresentations or nondisclosures, accounting fraud or any other type of securities fraud here in California.  If you have, call our securities fraud lawyers today at (415)441-8669. 

The suspects in the recent case offered investors the opportunity to buy consumer debt portfolios, claiming investors would receive a profitable return. Instead, the men used the money to fund their own lifestyle.  According to an Associated Press story covering the arrests, the trio “concealed their diversion of $73 million and bought homes, jewelry and gambled $25 million.” AP reported that the three men conned at least 400 victims nationwide convincing victims that the three had enlisted other third-party investors in the deal. 

SEC Whistleblower Program

Victims and those with original information of securities fraud both have reason to bring securities fraud to light. Often, fraudulent securities schemes are brought to light by securities fraud whistleblowers. The Securities and Exchange Commission (SEC) Whistleblower Program rewards whistleblowers with original information that leads to enforcement and recovery.  Rewards can be 10-30% of the amount recovered, including penalties.  If you have credible, original information of any type of securities fraud, call our SEC whistleblower and securities fraud lawyers today, and we can help organize your case for submission to the SEC or other appropriate agency.  If you have information don’t just call a government agency as you might jeopardize your chances at a reward.  Call counsel such as the whistleblower attorneys at Evans Law Firm first.

Contact Us

If you have been defrauded by a broker or advisor through securities fraud or have information that can lead to a whistleblower case, call Ingrid M. Evans and the other San Francisco and California securities fraud and whistleblower attorneys at Evans Law Firm, Inc. at (415) 441-8669, or by email at <a href=”mailto:info@evanslaw.com”>info@evanslaw.com</a>. Our attorneys have experience with securities, annuity, and other investment fraud, financial elder abuse cases and complex qui tam or whistleblower cases including offshore tax avoidance cases, complex financial contract cases and cases against large insurance companies.  We can help guide your case through a jury trial or toward an equitable settlement.  We also handle cases involving physical elder abuse, nursing home abuse, whole life insurance and universal life insurance, and indexed, variable, and fixed annuities.

[1] Evans Law Firm, Inc. was not involved in the case in any way.

Million Dollar Advocates Forum SuperLawyers Badge Best Lawyers Badge Avvo Lawyer Badge

Our Passion For Justice

415-441-8669 888-50EVANS

Hear What Our Clients Have To Say

"I highly recommend Ingrid Evans! She is whip-smart and aggressive, but still client-centered and compassionate."