Investment fraud victim secures $900,000 in damages

There are many benefits to investing, including creating sources of passive income and building wealth. Aside from the many benefits there is a risk of losing money, but perhaps investment fraud is perhaps an even greater risk. Some investment advisers and brokers in New York are eager to take advantage of clients, sometimes defrauding them of hundreds of thousands of dollars.

Did my broker commit securities fraud?

There is no such thing as risk-free investing. This is why New York investors should be as informed as possible when deciding how and when to invest their money. Like many others, you probably trusted your broker to give you everything you needed to make an informed decision. However all too often "investment advisors" fail to fulfill this obligation. In this situation, unfortunately, he or she may have committed securities fraud.

The elderly are especially vulnerable to securities fraud

Although elder abuse might be more commonly associated with physical harm, financial exploitation is also quite common. Scams that target the elderly can take many forms, most of which are based on lies or half-truths. Securities fraud against this age group may only get worse as the number of New York residents who are over the age of 65 continues to grow.

Ponzi and pyramid schemes are both examples of securities fraud

Pyramid schemes are often discussed as if they are a thing of the past, which is not the case. Pyramid schemes are often confused with Ponzi schemes. While similar and both can constitute forms of securities fraud, understanding the difference between these two schemes can help victims determine how to pursue possible compensation for their losses.

Securities fraud and abuses still a problem for investors

The security industry involves a number of different forms of investments, such as mutual funds, bonds, stocks and much more. While these types of investments can be quite different, as securities they all involve investments made by entities and individuals with an expectation of yielding profits. Federal laws are in place to protect people and their investments from abuses, but unfortunately securities fraud and other abuses still take place.

Woman arrested for securities fraud scheme

Authorities claim that a woman purposely lied to investors about the purposes of her investment fund as well as its performance. Accused of committing securities fraud, she allegedly ran a $100 million scheme that affected many different investors. It can be extremely distressing when a New York investor learns that his or her funds have been purposely misused, but there are options for moving forward and seeking compensation.

How to identify and prove securities fraud

Most experienced investors understand that there is no such thing as a no-risk investment. Regardless of how secure an opportunity may seem, no investment has an absoblute guarantee against loss. So how can one prove that a loss was the result of securities fraud rather than a natural outcome of investing? Understanding the initial signs of securities fraud can help.

New York man charged with securities fraud

Investors allege that a New York man defrauded them out of significant amounts of money. This is despite his personal claims of investing success in relatively little time, but investigators say that the man admitted some of the alleged fraud to at least two investors when they tried to get their money back. He was recently charged with wire fraud and securities fraud.

Elon Musk accused of violating securities fraud agreement

Elon Musk has made national and international headlines for his innovative electric car company, Tesla. While many drivers in New York are familiar with the types of vehicles manufactured by the company, some might be surprised to learn that its founder and CEO is facing criminal charges. Accused of violating a securities fraud agreement, Musk could have to fork out a significant fine.

What is securities fraud?

For some people, criminal charges can come as an unexpected interruption in their lives. Unlike other types of charges that might be self-evident, allegations of securities fraud can be somewhat more confusing. New York defendants who are facing securities fraud charges and want to know more about these types of allegations should take some of the following into account.

Contact Timothy J. Dennin

Secure Case Evaluation

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

map-1

Northport Office:
316 Main Street
Northport, NY 11768

Toll Free: 866-437-9475
Fax: 631-261-0395
Northport Law Office Map

Manhattan Office: 
270 Madison Avenue
13th Floor
New York, NY 10016

Toll Free: 866-437-9475
Fax: 212-688-6457
New York Law Office Map

map-2