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Recent Ponzi Scheme questions

What are the different ways that I can be Bonded out of USA

What are the different ways that I can be Bonded out of USA federal court, when I have Social Security Disability Income (SSDI) and I am poor ? I know that a family member can "put up their house" as collateral for a Bond...... but I don't feel that Ican ask them to do this for me ? I will be defended by the Atlanta Federal Public Defender's Office (since I have no money) , and a Supervisory Attorney told me that I can be Bonded out of federal prison. But was she assuming that I , or someone I know, hadthe Money to Bond me out ? Are there creative ways to be Bonded out, when one is below the poverty line ? I need an Expert to help me with this Bail/Bond thing. STUART

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Zoey_ JD

Doctoral Degree

29,196 satisfied customers
We are in Wisconsin and were one of 18 victims of a Ponzi

We are in Wisconsin and were one of 18 victims of a Ponzi scheme by our financial advisor of 8 years and forwarded all of our information to the SEC and FBI to get him arrested and get our money back. It went to trial in Florida, he pleaded guilty andwas sentenced to 2 1/2 years in jail/prison, but was released from Fed. custody after 2 months. The judge only awarded us 1/2 of what we gave him ($77,000 as opposed to the $158,000 we gave him) "only if he can pay it back".. We have prommissary notes forthis and wondered what we can do to get this money back since it doesn't sound like we will see any of the money. Please advise us what our next step is. Thank you.

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P. Simmons

Attorney

Doctoral Degree

35,240 satisfied customers
Texas law. If an investor in real estate first lien notes

Texas law. If an investor in real estate first lien notes suspects the broker he is working through is not very competent and on that suspicion takes his money out of the brokers hand once the notes are due and paid off by the borrower; and it is later found out the broker was involved in a Ponzi scheme; and the broker is later arrested and sent to federal prison; is the investor subject to any clawback? If so, what portion of his initial investment is at risk of clawback. What are the statute of limitations for this form of fraud in Texas? and when does the clock start?

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Dwayne B.

Juris Doctor

35,360 satisfied customers
Hi,We deal with MLM Software and found that many of out

Hi,We deal with MLM Software and found that many of out clients end up running a Ponzi scheme, they collect some money and then wind up after some time. At software level there is nothing that we can do to prevent such people. For legal MLM and illegal ponzi both sell "product". Whether "Product" is real product/ service or not, it cannot be determined by software. We are putting enough terms & conditions to keep us protected. We believe this is like selling kitchen knife that has useful purpose and seller cannot be held responsible if someone uses the knife to cause physical hurt to others, one who caused physical hurt is responsible not seller. So far we have not approached authorities with details of those whom we think were running ponzi like scheme and suddenly winded up leaving their investors uninformed. Some clients even ask us to buy domain on their behalf and go for private domain registration. Money is collected from several countries, in most cases outside of the country where we operate from. Our contracts carry data privacy clauses and we cannot just name anyone as it could back fire and put us in legal soup.We cannot quit this line so easily as have already given several years to it and have substantial intellectual property rights & experience build up. Its earning us decent money and besides field is legal with so many good clients running perfectly legitimate MLM business using our software. We are concerned for investors as good human being. What our approach should be?

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Ely

Counselor at Law

Juris Doctor

63,772 satisfied customers
I did some home renovation for a company in North Dakota; there

I did some home renovation for a company in North Dakota; there were no contracts only weekly invoices for man hrs and materials. Alot of the time I was carrying thousands of dollars as he either did not pay or paid less than owed. Upon not getting paid I started doing work for his customers that no longer wanted to work with them. He then terminated me and still owes me about fifteen thousand dollars. While working for him I got into a car accident as well so I had have others doing the work of which ended up being poor craftsmanship and uncompleted work. I then advised him to turn it in to my insurance; he made some outrageous claim and now the insurance company may not cover anything. As a result of that he says he has hired an attorney who has been talking to the attorney general with claims of charging me with theft and fraud. He says he is signing a complaint on friday and then North Dakota would put out a warrent to come get me. What is the process for this and how much should I believe and should I be concerned?

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dkennedy

Attorney

Juris Doctorate

5,142 satisfied customers
A non-profit organization that operated deeply in the red solicited

A non-profit organization that operated deeply in the red solicited unsecured loans, promising an exorbitantly high rate of interest. Without any positive income, clearly they could not repay these loans (with the high interest) without utlizing money received from future lenders. Is this a Ponzi scheme? Note: They specifically indicated that this was NOT a risk-free loan.

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Zoey_ JD

Doctoral Degree

29,196 satisfied customers
If someone attempts to raise investment money through an illegal

If someone attempts to raise investment money through an illegal channel, such as a Ponzi Scheme, does this person offended the law even before the person actually get any incoming money for any investor?

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Brandon M.

Attorney at Law

Juris Doctorate

7,862 satisfied customers
I participated and profited from what turned out to be a ponzi

I participated and profited from what turned out to be a ponzi scheme. I had no knowledge nor did I promote the scheme; I have a lawsuit against me for the profited amount. I cannot pay it back I have fallen on hard times; this was over 4 years ago. I have done nothing wrong! Can I defend this?

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Alex J. Esq.

Managing Attorney

Doctoral Degree

21,874 satisfied customers
I believe I am the victim of a Ponzi scheme - what should be

I believe I am the victim of a Ponzi scheme - what should be my next course of action, and what should I beware (and be aware) of?

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Zoey_ JD

Doctoral Degree

29,196 satisfied customers
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