Ponzi Schemes

We regularly represent individuals who have unknowingly invested in what turns out to be Ponzi schemes. We pursue claims against both the companies and the individuals who have convinced our clients to invest. But we don’t stop there as we often also go after the advisors, accountants, or financial institutions who assisted in making the scheme appear legitimate.

Due to the nature of Ponzi schemes, typically all the invested funds are gone by the time an investor realizes the scheme has collapsed. Our firm specializes in finding any recoverable funds whether they be here in the United States, offshore or hidden in other funds. We use private investigators and asset recovery specialists to locate possible assets.

Some examples of our recent and current cases include representing:

  • A class of investors against various banks alleged to have been associated with Allen Stanford’s $7 billion Ponzi scheme;
  • Investors in a FINRA arbitration against a clearing firm to recover losses connected to Allen Stanford’s Ponzi scheme;
  • Retirees and other investors in the Middle District of Florida against TD Bank/Mercantile Bank to recover losses related to the $300 million Ponzi scheme perpetrated by Louis J. Pearlman;
  • Investors in Louisiana State Court against Judith Zabalaoui, Charles Schwab, and Omni Bank to recover losses related to the $5 million Zabalaoui investment fraud scheme.