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Bakersfield CA Pyramid Scheme Attorneys and Bakersfield Criminal Defense
Wise Laws Helps With Bakersfield Pyramid Scheme Criminal Defense
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Have you been wrongfully accused of defrauding Bakersfield investors by running a pyramid scheme or what we now refer to as a Bernie Madoff Scheme? In today's sophisticated investment environment, there is sometimes a fine line between a legitimate business opportunity or investment medium and Bakersfield investment fraud.
In a Bakersfield CA pyramid scheme, investors try to make money by enlisting other investors who, in turn, enlist more people. Typically, participants are asked to pay to join and become a distributor of a product or service. Those who get in early make money from later investors. When the supply of new Bakersfield investors runs dry, however, the entire pyramid collapses, some people do loose money.
Today, e-mail and the Internet are often used to recruit Bakersfield California pyramid scheme investors.
The Bakersfield Ponzi scheme
A Bakersfield Ponzi scheme is like a Bakersfield CA pyramid scheme, but is restricted by one central figure. Rather than a business investment opportunity, a California Ponzi scheme involves an obscure investment vehicle with an unreasonably high rate of return. Early investors are paid by the investments of later on investors. But fraud transaction records encourage them to believe that the investment itself is actually generating the promised rate of return.
The scheme was named for Charles Ponzi, who became famous for using the technique to defraud investors in the early 20th century but now has taken new heights with Bernie Madoff.
What To Do Next?
If you have been accused of being involved in a Bakersfield pyramid scheme, you should hire a criminal lawyer or attorney to help you with your case. Bakersfield Pyramid Scheme lawyers and Bakersfield attorneys represent individuals who have been charged with Ponzi and Pyramid Scheme crimes by arguing their cases in courts of law. After your Bakersfield CA arrest on grounds of conducting a Bakersfield pyramid scheme, request a Bakersfield lawyer or contact a private criminal lawyer or Bakersfield attorney immediately, Wise Laws can help your for sure.
Your Bakersfield CA criminal attorney will not only be familiar with laws concerning pyramid schemes in your state, but will also have knowledge of any precedents or recent cases which might have a relevant bearing on your case. Additionally, skilled criminal lawyers are well versed in the customs of Bakersfield court and the political and legal climate of that particular jurisdiction regards these schemes. Therefore, they will be able to work in your best interest, possibly brokering a plea deal or arguing for your Bakersfield CA defense should your case go to Bakersfield trial.
Please if you or a loved one is currently involved with charges of running a Pyramid Scheme please Call Wise Laws ASAP at 800-270-8184 or fill out our CONTACT FORM