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What is a Ponzi Scheme?

Denver Ponzi Scheme Accusations Lawyer

What is a Ponzi Scheme?

“Ponzi schemes” are a type of fraud in which the operators promise to pay substantial benefits to investors based on new capital coming in from investors that are then added later. People are usually enticed into these scams with the promise of higher and more consistent returns than other traditional investments. However, these scams usually result in large amounts of capital theft, and they are illegal on a federal level.

When you are accused of running a Ponzi scheme, you should not endeavor to stand up to your prosecution alone. I, Attorney David L. Owen Jr. of the Law Offices of David L. Owen, Jr., P.C., have over three decades of defense experience, and have tried cases both on the state and federal levels. I handle each case diligently and aggressively, and strive to provide each of my clients with top-quality service and knowledgeable representation that will maximize their chances of a favorable result.

Call my office today and allow me to provide you with a free 30-minute initial consultation by calling (303) 622-3281.

What are the Penalties for Operating a Ponzi Scheme?

In order to get people to fall victim to a scheme, operators will typically reach out to potential investors saying that they can promise higher-than-normal returns consistently and quickly based on a growing base of investments. However, in most cases, the perpetrators usually wind up taking off with the cash before having to pay out, and they are never seen or heard from again.

Prosecution of a Ponzi scheme is not standardized, and will vary largely depending on the amount of money fraudulently acquired, the number of victims, and several other factors.

Penalties for a Ponzi scheme or any other financial fraud crime can include the following:

  • Prison sentences
  • Large fines
  • Victim restitution (depending on the state, if charged on the state level)

Several famous scammers, including Bernard Madoff, have received sentences of over 100 years in prison due to their convictions. Don’t head down that same path; call my firm and secure quality legal counsel and representation for your case.

Contact the Law Offices of David L. Owen, Jr., P.C. today.

Tough Defense Strategies for Tough Criminal Charges

  • Fight to reduce, dismiss, or acquit your charges.

  • Keep you informed of your case at all times.

  • Available for evening, weekend appointments and jail visits.

  • Former first assistant federal public defender.

  • Complimentary and confidential consultations.

  • Will travel to you to hear your side of the story