For many New Yorkers, the temptation to make money by investing can be too enticing to ignore. This is especially true when there is an ongoing health crisis and people are trying to find ways to earn or supplement their income to counteract various challenges that...
Man arrested for securities fraud due to alleged Ponzi scheme
Investors in New York, across the nation and its territories, are constantly searching for strategies to maximize their investments. In some instances, they are offered a financial opportunity that sounds like it has a good chance of succeeding. It may even appear to...
How to protect yourself against Ponzi schemes
The Ponzi scheme is an investor’s worst nightmare. The thought of discovering that a trusted associate has absconded with your hard-fought income can keep well-meaning investors from making financial decisions with confidence. With federal authorities warning that...
How to spot a Ponzi scheme
Whether you’re a first-time investor or you have been doing it for years, you should always be on the lookout for scams. Before you make any commitments, be sure that you know how to spot and avoid a Ponzi scheme. Here are some red flags to look out for. Low-risk,...
Madoff Is In Prison, But His Victims Haven’t Seen A Penny
Bernie Madoff is in prison, serving a 150-year sentence after pleading guilty to numerous felony charges for bilking investors out of billions of dollars. However, just because the drawn-out criminal case is over does not mean the matter is resolved. Far from...