Ponzi Scheme Attorneys in Illinois

St. Charles, Illinois Attorneys Handling Ponzi Schemes

At the law firm of Higgins and Burke, P.C. in St. Charles, Illinois, we have represented many client cases involving one of the most enticing investment scams, commonly referred to as the Ponzi scheme. A Ponzi scheme is nothing more than a fraudulent investment operation where investment returns/profits are paid to investors out of the money paid in by subsequent investors, as opposed to net revenues generated by any real business.Financial advisors and brokers utilize this technique, in order to carry out their fraudulent investment scams.

Named after Charles Ponzi, an Italian immigrant who utilized this infamous technique in the United States back in 1903, today this scheme continues to cause many financial investors to lose money before legal authorities finally catch the perpetrator. Regardless of how well structured a Ponzi scheme may seem, it is destined to collapse since there are no underlying earnings from the money that is received by the fraudulent agent.

Qualified Ponzi Scheme Investor Defense Attorneys

If you feel you’ve been involved in a Ponzi scheme, the attorneys at Higgins and Burke, P.C., can offer you the legal help you need. We have more than 25 years of combined experience with handling cases, where investors file a lawsuit against a brokerage firm, involving a financial advisor or broker promising extraordinary returns on the investments only to eventually discover, their investments are only being paid out of the other incoming investments and not from real profits.

Sometimes individuals who run a Ponzi scheme get away with it because they are respected hedge fund managers, financiers, and executives of large financial institutions. Others are stock brokers and insurance agents who defile the trust placed in them by the unsuspecting victims. Whether you were promised a large return from your investments by a financial advisor advertising good investment opportunity on securities, hedge funds, or mutual funds, it is still a financial fraud that only a qualified securities attorney is equipped to handle.

Contact Our Attorneys

To speak with an experienced securities attorney, who can help you recover your investment losses from a Ponzi scheme, contact the attorneys at Higgins and Burke, P.C. in St. Charles, Illinois by calling (630) 762-9081. We represent clients through out the United States, and all parts of the State of Illinois, including DuPage, Kane, and Kendall County, as well as the cities of Chicago, Joliet, Morris, and others throughout Illinois. . Schedule a free initial consultation today.