Today an increasing number of Americans are investing their earnings into shares and securities. However, we all should be wary of securities fraud or investment fraud and take precautions against it during all stages of our investments. Investment fraud is a nasty business practice in which fraudsters give investors false investment opportunities in efforts to steal their money. Deceived by false information, the fraudsters will eventually convince the investor that the money they invested was lost. Basically, the end result of investment fraud is a massive loss of money for the investor and hopefully jail time for the fraudster.
How to Protect Yourself
If you want to know how you can protect your invested money, then you must learn to identify the signs of fraud. A potential investment fraud has certain signs and characteristics that you can look out for. If you can remember them, you can increase your chances of avoiding fraud and save your hard earned money. Many fraudsters will use your email account or call you on the phone countless times to convince you to participate in the various schemes they have to offer. The first major sign or characteristic of an investment fraudulent act is that the offer will sound too good to be true. High returns on your money in a short period of time are usually too good to be true, so if you are offered above markets return, beware; it could very well be an investment fraud scheme.
Investment fraudsters can be clever and might try to tempt and deceive you with aggressive marketing tools. They can use deceptive infomercials and telemarketing to convince investors. Anyone who has an investment of capital can be a victim. Sadly, most investment fraudsters target older people. Many senior citizens have the characteristics that fraudsters are looking for: sizeable savings accounts and the tendency to trust more easily. If you belong to this demographic, please be extra careful. Invest your money directly with banks, and avoid shady internet deals unless you are adept at online transactions. Thousands of retirement-aged people fall victim to fraudulent investment schemes each year. An investment fraud attorney will work hard to earn back the savings their clients have lost due to investment fraud.
Contact an attorney.
Investment fraud not only robs you of your hard earned money, it can also make you feel cheated. If you or a loved one has been the target of Investment Fraud, please contact the Curry Law Group. We service the entire Tampa Bay Area and our experienced attorneys would like the chance to represent you. Please fill out the form on this page or call our office today.