It is crucial to take legal advice as soon as possible if there is a possibility an investigation will be launched or allegations have been made concerning ponzi or pyramid scheme fraud.
An allegation of a ponzi scheme is where there is a fraudulent investment operation in which the operator generates returns for existing investors through revenue that is paid by new investors. This is an alternative to generating returns through legitimate business activities or profit of financial trading.
Operators of Ponzi schemes can either be individuals or corporations, and grab the attention of new investors by offering short-term returns that are either abnormally high or unusually consistent.
An allegation of a pyramid fraud scheme involves an unsustainable business that rewards people for enrolling other individuals into a business that are offering a non-existent or worthless product. In this type of activity, the person overseeing the scheme usually advertises a multi-level investment scheme that offers extraordinary profits for little or no risk.
Investigations in to ponzi and pyramid scheme frauds are ever expanding usually facilitated by the global population now having access to the internet and technology.
Both ponzi and pyramid scheme frauds are serious fraud allegations. We represent, providing advice and assistance, in all types of ponzi and pyramid fraud allegations at any stage of an investigation and/or prosecution.
These investigations are extremely thoroughly investigated and can cause immense disruption to a business, and individuals, who are the subject matter of those investigations. These investigations may cause irreparable damage to reputations.
Essentially, the investigation and prosecution teams will be seeking for evidence in order to establish and prove the existence of a ponzi and / or pyramid scheme.
Quite often, fraud investigations can be complex and cross different jurisdictions.
Belgravia Solicitors can advise you and liaise with authorities which may be involved in a ponzi and / or pyramid scheme fraud investigation, including the following:
The Police Service (including the City of London Police)
Trading Standards
Department for Work & Pensions (DWP)
Department of Trade and Industry (DTI)
Financial Conduct Authority (FCA)
HM Revenue & Customs (HMRC)
Health and Safety Executive (HSE)
National Crime Agency (NCA)
Serious Fraud Office (SFO)
At Belgravia Solicitors we robustly challenge the evidence presented, where necessary challenging the procedures undertaken to obtain the evidence, challenge the admissibility of the evidence and ensure the evidence, a ponzi and / or pyramid scheme fraud investigation case is built upon, is not misinterpreted and fight your corner to give you the best chance of achieving the result you want from your case.
We will always ensure that the evidence is properly considered and will instruct appropriate experts on your behalf when evidence needs to be obtained, challenged, further examined, or excluded.
If you, your business / company, a family member / relative, or a friend are accused of a ponzi and / or pyramid scheme fraud, it is important to seek legal advice. Discussing your case with a specialist lawyer who understands ponzi and / or pyramid scheme fraud at an early stage is essential to help understand what can be done to prepare a proper defence. We can be contacted on 03330 16 96 16 or on email: mail@belgraviasolicitors.co.uk