${site.data.firmName} ${site.data.firmName}
Free Consultation No recovery - No Fee
215-822-7575 / 800-358-9367
Practice Areas

What are Ponzi schemes?

Most residents in Pennsylvania have heard references to white collar crime but may not always understand what types of acts fall under this label. The term refers to a range of things involving lying, stealing and cheating. White collar crimes involve professional people operating in their professional arena. Alleged lawyer malpractice or any other form of professional malpractice can be an example. Anything that can be classified as fraud, essentially, can be considered a form of white collar crime.

Some examples include forgery, insurance fraud, Internet crimes, identify theft and mail fraud. As noted on the website of the U.S. Securities and Exchange Commission, a Ponzi scheme is one unique type of these crimes. A Ponzi scheme involves people soliciting investments from others and promising them higher than normal return rates. In some cases, it can be difficult to know what is too high of a return rate to be considered normal. That can make the determination of fraud difficult at times.

People operating Ponzi schemes may not always be appropriately licensed for business in their alleged areas of expertise. They may also fail to register investments to provide the security that investors need. The lack of a resolution path for issues or questions can also raise the flag and make an operation appear as a Ponzi scheme. Entrepreneurs should be aware of these potential problems when initiating their business efforts to avoid unnecessary criminal allegations.

This information is not intended to provide legal advice but general information about white collar crimes in Philadelphia.

 

No Comments

Leave a comment
Comment Information
Gregory R. Gifford
  • RGS&G Firm News

    "Matthew Taylor Wilkov, Esquire, Graduates from U.S. Army War College"
    LANSDALE – Gregory Gifford, managing partner of Rubin, Glickman, Steinberg and Gifford, P.C. says the firm is honored to have a U.S. Army War College graduate among its ranks.Read more...

  • Super Lawyers | Rising Stars
  • National board of legal speciality certification
  • American college of trial lawyers
  • National board of trial advocacy | EST 1977
  • 2013 | Subarbanlife | Awesome Attorneys
  • PennSuburban | Chamber of commerce

Rubin, Glickman, Steinberg and Gifford has been a member of the local Penn Suburban Chamber of Commerce (previously known as North Penn Suburban Chamber of Commerce) for more than 25 years.

You Have Questions? We Have Answers. Fill out the form and an attorney will be in touch with you shortly.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

start now. send your request