Being a victim of financial fraud can have a devastating impact on your savings, your business, and your overall well-being.
In times like these, you can count on us. At Morgan & Morgan, our experienced financial fraud attorneys have represented investors like you, who have suffered significant financial losses due to fraud. If you are a victim of financial fraud, we want to help.
For over 30 years, our attorneys have been fighting For The People. We have the resources to take on the biggest bullies, and we have recovered, to date, over $9 billion for our clients. Because we work on a contingency basis, you do not have to pay any upfront costs and we only get paid if we recover money for you.
To contact our specialized, broker misconduct attorneys, fill out our free, no-obligation case evaluation form today.
What is Financial Fraud?
Financial fraud usually occurs when money or other assets are taken from you through deception or criminal activity. A common type of financial fraud is securities fraud, which the Federal Bureau of Investigation defines as involving the deception of investors or the manipulation of financial markets.
There are several common types of securities fraud:
- Advance Fee Schemes: This scheme often involves victims advancing relatively small sums of money in the hope of realizing much larger gains, which never materialize because there is no legitimate underlying investment.
- High Yield Investment Frauds: This type of fraud is usually characterized by promises of high rates of return with little or no risk.
- Ponzi & Pyramid Schemes: These fraudulent schemes use money collected from new victims to pay the high rates of return promised to earlier investors.
- Pump-and-Dump Schemes: This scheme attempts to boost the price of a stock through recommendations that are based on false, misleading, or exaggerated statements.
How to Prove Fraud Happened?
There are several requirements that must be met to prove that fraud has taken place. According to Investopedia, the fraudster must have committed the following specific acts:
- First, the perpetrator provided a false statement as a material fact.
- Second, the perpetrator knew this statement was untrue.
- Third, the perpetrator intended to deceive the victim.
- Fourth, the victim can demonstrate that it relied on the perpetrator’s false statement.
- Fifth, the victim suffered damages as a result of acting on the intentionally false statement.
An experienced financial fraud attorney can help you gather evidence to prove your fraud case, as well as file a claim. If we determine fraud occurred, our attorneys can help you receive compensation for the damages you suffered.
Contact Morgan & Morgan
All law firms are not the same. When you hire Morgan & Morgan, we think about you, but we also think about all those who count on you.
That’s why Morgan & Morgan handles financial fraud cases on a contingency-fee-basis. You will never pay any upfront costs, and we only receive a fee if we recover money for you. We believe that everyone deserves a chance at justice.
If you are the victim of financial fraud, contact our attorneys to learn your legal options. Fill out our free, no-obligation case evaluation form today.