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Spotting a Ponzi scheme can get as difficult as rocket science, given how believable they make it for their targets. Yet, our curated team of specialists and investigators have cracked every case with precision. From our free consultation session to our maximum recovery endeavors, we back our clients throughout the way.
Our informative blogs also assist create a sense of awareness, making such schemes identifiable. If you’re sensing such a nuisance, we are awaiting crafting yet another successful recovery story, and this one could be yours!
Experience the financial liberty that comes from regaining control over your illegitimate losses.
Primarily functioning as an investment fraud, Ponzi schemes are built around the illusion of “huge financial gains”. Entirely operational on the concept “borrow from Tom to pay off Harry”, the scheme sells no actual products or services.
The biggest selling point for these schemes is the sense of community building and belongingness. Other key motivators are false claims of lucrative returns, lowered risks, strategies, and quality products/services. The money keeps on circulating from one person to another, while keeping the scheme going. The schemers as well as the promoters keep pocketing money throughout the cycle.
Once the scheme reaches its dry spell, with little to no inflow of investments, things take a dreadful turn. Several investors become victims to the scheme, thereby losing all of their capital.
Have you encountered any investment opportunity that promises high returns in exchange for money? This may indicate a possible Ponzi scam or fraud. But, don’t sweat about it.
Renewed Hope Expert is the place to go!
Renewed Hope Expert provides support and advice if you have lost money to a Ponzi fraud or believe you are about to be scammed. Our assistance includes informing you about the necessary steps that you can take depending on the type of scam and offering guidance on how to safeguard yourself in the future.
Book your free consultation session and join us as we commit towards retrieving your losses.
If a scheme assures abnormally huge returns at a consistent rate then that’s a scam indicator. The market is anything but predictable, hence no expert or financial entity can measure or promise profits. Check brokers’ registration and disciplinary history using FINRA’s BrokerCheck database.
Keep an eye out for unregistered investments, since SEC registration enhances transparency and management of funds. Likewise, if the scheme sells out products/services, confirm whether the seller/service provider is licensed for the same. Note that lack of transparency is the biggest red flag.
A community that functions on secretive strategies or complexities are best avoided. These schemes press on people’s FOMO (fear of missing out) to get them involved in them. Soon enough people start funding such hyped fake courses, strategies, or investments.
After investing into a scheme, if you find yourself facing inconsistencies, delays in payouts, or ignorance, you may have fallen victim to a Ponzi fraud. With every Ponzi affair reaching its saturation point, there are some investors who are likely to bear with the losses.
First initiated by financier Bernie Madoff, this was a Ponzi scheme that grew massive & stole billions from investors. Similar to mail fraud, it differs in its mode of communication by relying on electronic modes like social media, emails, phone calls, etc. The core of this particular fraud is wire transferring money from account to account, to go unnoticed. Since wire fraud is a broader concept, it covers Ponzi schemes that unfold through phishing. The motive of the schemers vary from attaining finances to financial or personal data. It implies identity theft is yet another risk that one stands exposed to, when dealing with this type of fraud. However, just like any other Ponzi scheme, it ends with the scheme running its course.
Money laundering is the process of disguising the proceeds of illegal activity, often involving organized crime, terrorist activities, and drug transactions. But in this case, money laundering Ponzi schemes refer to practices that keep these funds flowing in the system. By taking black money from investors, the operators keep the funds rotating. The introduction of tax-free money and lucrative returns make the participants eager to input all that they’ve got. The word-of-mouth expands its reach, giving the scheme more credit than it deserves. It’s highly suggested that you steer clear of investment schemes that promise huge gains, tax-free processing, and little to zero risks.
It involves two elements: a scheme to defraud and the mailing of an item to execute the scheme. Mailing money, contracts, or fraudulent letters can meet the definition. Those who mail such items or knowingly participate in the scheme are chargeable under the law. Mail fraud often occurs in white-collar crime cases, such as financial or Ponzi frauds, credit card fraud, or insurance fraud. It may involve breach of trust or deceitful processes, leading to loss of money, property, or other valuables. The thing to focus here is the dishonest means that the schemers use to meet their goal. Moreover, the target audience for this fraud are the unemployed, retired, or wealthy class. By creating real-life scenarios, schemers lay a believable trap for victims.
Also known as financial advisor fraud, an alleged investment scheme carried out by a licensed financial advisor. It refers to the illegal practice of influencing financial decisions of investors based on false information. By building a community of investors and traders, the illegitimate operator encourages financing the scheme. At times, the schemers may even claim to have a strategy that has proven credible for many. However, the entire operation is based on a bunch of lies and deceits. There are no actual strategies that can make any huge difference or alter the market risks. Our investigative team recommends disregarding any testimonials or ads that promote a proven method of succeeding in the investment market.
To safeguard yourself from a Ponzi scheme, follow these steps:
If you suspect that you or someone you know has fallen prey to a Ponzi fraud, please take immediate action by following the steps below:
Get in touch with Renewed Hope Expert, and we will help you track down the perpetrator behind the fraudulent activity. This is a highly sensitive and high-stakes process that requires the expertise and resources of our professional investigators.
