New York Based High Yield Investment Program (HYIP) Scams Lawyers
Helping Clients Nationwide Recover Funds They Lost Through HYIP Scams
High yield investment programs (HYIP) scams are a type of securities fraud where investors are promised very high rates of returns for fraudulent investment programs. With HYIP, the fraudsters have no intention of ever paying back their victims. Just like Ponzi schemes (which are closely related to HYIP), victims of this fraud are often left holding worthless pieces of paper having lost their life savings.
If you have been the victim of a HYIP scam, talk to Weltz Law. We are the leading securities litigation law firm and we have helped many Americans recover funds that they have lost through HYIP scams.
Schedule your initial consultation by calling (877) 905-7671 today.
HYIP Scams Explained
HYIP scams closely resemble Ponzi schemes, and they involve fraudsters offering very attractive investment returns that are often based on fictitious securities. Here, money from new investors is used to pay off old investors and there is little to no trading or genuine investment activity by the investors. Eventually, as new member enrollment tapers off, the money to pay old investors reduces, and the whole model comes crashing down. Investors that then left without their money and with limited options on how to recover it.
How Can I Prove a High Yield Investment Program Scam?
When it comes to HYIP scams, there are many ways in which investors can prove that they are victims of fraud. The most obvious is when the company offering the HYIP is unable to pay back investors. Even though most of these schemes will pay off some investors at the beginning to build legitimacy, eventually, most investors end up losing their money. Even those who are paid at the beginning are often encouraged to re-invest to increase their earnings.
Another telltale sign of a HYIP scam is when the firm is very opaque about its investment activities. Investors are often told that they are part of an exclusive group and encouraged to stay silent about the HYIP.
Recovering Damages from High Yield Investment Program Scams
When it comes to recovering funds lost through a HYIP scam, it often proves very difficult to do so without help from experienced securities lawyers. Fraudsters who perpetrate HYIP scams are very good at hiding their proceeds and often, it takes a determined effort to recover any assets. With a good lawyer at your side, there is a good chance of recovering your money through ensuring legal processes.
Discuss Your High Yield Investment Programs Case With One of Our Lawyers Today
If you have been the victim of a HYIP scam or any other type of financial fraud, come to Weltz Law. We are a premier law firm with years of experience in securities fraud litigation. Collectively, we have over 30 years of experience working in the securities field and we are your best bet at recovering any funds that you may have lost. In some cases, our firm may undertake your case on a contingency basis. This means that we don’t charge you any legal fees until we are able to obtain a recovery. Contact us to see if you're eligible.
30+ Years of Collective Experience
Our attorneys have over 30 years of collective experience representing clients in all aspects of securities and commercial litigation.
Contingency Fees for Our Securities Law Clients
We will not receive a penny in attorney's fees unless a positive recovery is obtained in your case. Contact us to see if you're eligible.
We will assess the merits of your claims and help you decide on the next step.
Litigated Claims in Excess of $50 Million for Our Clients
Our firm is prepared to fight for you to seek maximum compensation.