800-270-8184
Springfield MA Pyramid Scheme Attorneys and Springfield Criminal Defense
Wise Laws Helps With Springfield Pyramid Scheme Criminal Defense
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Have you been wrongfully accused of defrauding Springfield 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 Springfield investment fraud.
In a Springfield MA 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 Springfield investors runs dry, however, the entire pyramid collapses, some people do loose money.
Today, e-mail and the Internet are often used to recruit Springfield Massachusetts pyramid scheme investors.
The Springfield Ponzi scheme
A Springfield Ponzi scheme is like a Springfield MA pyramid scheme, but is restricted by one central figure. Rather than a business investment opportunity, a Massachusetts 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 Springfield pyramid scheme, you should hire a criminal lawyer or attorney to help you with your case. Springfield Pyramid Scheme lawyers and Springfield attorneys represent individuals who have been charged with Ponzi and Pyramid Scheme crimes by arguing their cases in courts of law. After your Springfield MA arrest on grounds of conducting a Springfield pyramid scheme, request a Springfield lawyer or contact a private criminal lawyer or Springfield attorney immediately, Wise Laws can help your for sure.
Your Springfield MA 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 Springfield 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 Springfield MA defense should your case go to Springfield 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