Investment fraud is no small matter; it’s a serious allegation that can leave investors high and dry, with their hard-earned money lost to unscrupulous individuals. This article aims to shed light on a recent case involving a suspected Ponzi Scheme, and how the experienced law firm of Haselkorn & Thibaut is stepping in to investigate and offer assistance to affected clients.
What’s the Allegation?
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On June 5, 2023, a customer dispute was lodged, alleging that John Woods, James Woods, Michael Mooney, and Iris Israel conducted a Ponzi Scheme from 2012 to 2021. The claimant’s loss is pegged at a staggering $5,000,000, with James Woods having affiliations with Oppenheimer & Co. Inc. (CRD 249) from January 3, 2003, to August 8, 2008, and Southport Capital (CRD 113364) from December 19, 2008, to May 16, 2022.
Red Flags of Investment Fraud
Investment fraud, including Ponzi schemes, often comes with red flags that investors can watch out for. These include:
- Promises of high returns with little to no risk.
- Overly consistent returns, regardless of market conditions.
- Unregistered investments or unlicensed sellers.
- Complex strategies and secretive, ‘too-good-to-be-true’ opportunities.
- Issues with paperwork, such as errors or inconsistencies.
Recognizing these signs can help protect your investments and prevent falling victim to fraudulent schemes.
How Can Investors Recover Losses?
Investors who have suffered losses due to fraudulent activities can seek help through FINRA Arbitration. This process can help investors recover their losses by providing a platform to resolve disputes between investors and brokers or brokerage firms.
How Can Haselkorn & Thibaut Help?
Haselkorn & Thibaut, a national investment fraud law firm with offices in Florida, New York, North Carolina, Arizona, and Texas, is currently investigating the advisor and company involved in the alleged Ponzi Scheme. With over 50 years of experience and a 98% success rate, they have successfully recovered financial losses for investors across the nation.
Moreover, they offer a “No Recovery, No Fee” policy, ensuring that clients won’t have to pay unless their case is successful. For a free consultation, they can be reached at 1-800-856-3352.
Investment fraud is a serious matter, but with the right knowledge and the right legal team, investors can protect their assets and seek justice when wronged. Remember, it’s not just about recovering financial losses, but also about holding the responsible parties accountable.
