Top 10 Tips for Ponzi Victims
1. Don't Panic; 2. Recognize that you are a victim; 3. Cut off communications; 4. No social media; 5. Be cautious about taking payments from the fraudster.
Federal and State Agencies Investigate Frauds and Offer Resources to Their Victims
Multiple state and federal agencies in the United States offer consumer protection oversight and investigations for people or companies who are defrauded, cheated, and scammed.
Lifespan of a Civil Fraud Case and Recovery
Generally, any discussion of lifespan and timeframes for civil litigation in the United States requires emphasis of the idiom “patience is a virtue.” Plaintiffs should expect nearly any U.S. civil suit to last a minimum of a year from the date of the filing of the complaint.
What is a Receiver?
Often, when a company or individual is suspected of fraud,either because of a criminal indictment or a civil suit from the SEC or a private individual, the Courts will take action to make sure that an “outside”person has some level of authority over the assets or operations of that company.