P.T. Barnum opined that there was a "sucker born every minute." It's a rather cynical look at the world, but there's a little truth behind the statement. After all, human nature being what it is, people are always looking for their "big break", and that includes when they play the stock market. Thus, many are unwittingly drawn into the world of securities fraud.
With the proliferation of investment "opportunities" touted on the Internet every day, it's no surprise that con artists adore the cyber medium. By using the World Wide Web, they can commit their securities fraud schemes with veritable anonymity. Through email and websites, they can lure thousands of unsuspecting people into forking over millions (if not billions) of dollars each year. These securities fraud cons get rich, and their prey gradually (or not) lose their savings.
Ironically, the securities fraud con games haven't changed over the years. Ponzi and pyramid schemes are as popular as ever, even though most people have heard about them. Affinity fraud, used many times via the web, is still going strong. And penny stocks are still bought and sold by unsuspecting victims. Yes, securities fraud is alive and well.
Although the U.S. Securities and Exchange Commission (SEC) tries to prosecute as many cases of securities fraud each year as it can, it can only do so much without the help of people who have been defrauded by con artists. However, too many people who have fallen for securities fraud scams are embarrassed at having been "taken for a ride", and are therefore reluctant to come forward.
Our law firm understands how difficult it can be to admit that you fell for a scheme. However, it's critical that you do. After all, the faster we can take a con artist off the street, the better it will be for the public in general.
Please contact our office today if you've been the victim of a securities fraud scheme. With our legal representation, you may be able to recover some, if not all, of the money that you lost. Best of all, you'll be taking another scammer off the cyber "streets".
Remember: just because you fell victim to a securities fraud once doesn't mean you have to be a victim forever. Let's send a message to all the securities fraud criminals operating on and off the web - we're mad and we're not going to take it any more.