In a​ "Ponzi" scheme, an investment advisor convinces investors to give them money to invest, then takes that money to pay off other investors who are already in the scheme.

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Usually, no one knows an advisor is running a Ponzi scheme until it collapses and the advisor vanishes with their investors' money or loses everything. Sometimes, the advisors are not the only ones involved in a Ponzi scheme. Banks and brokers have an obligation to make sure the money they transmit is clean. When they see red flags but refuse to act to stop a Ponzi scheme, or actively help the scheme succeed for their own benefit, they can be liable as well.

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EKO represents investors, particularly those from vulnerable communities like immigrants and seniors, in cases against manipulative advisors and the institutions that enable their fraud.

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If you lost money in a Ponzi scheme and want to know your rights, please contact an EKO attorney.

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