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Recovering Losses caused by Investment Misconduct

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A Columbus Investment Fraud Attorney Reviews Post-Madoff Ponzi Schemes

December 2011 marked three years since Bernard Madoff admitted to running the largest Ponzi scheme in United States history. Since then, reforms have been made to try to prevent future Ponzi schemes. Yet, Ponzi schemes have not been eliminated. In this article, an experienced Columbus investment fraud attorney explains the reforms that have been made and what to do if you think you’ve been the victim of a Ponzi scheme.
Post-Madoff Ponzi Scheme Reforms
The US Securities and Exchange Commission (SEC) has taken specific steps to try to prevent future Ponzi schemes in the wake of the Bernie Madoff scandal. Those steps include:
  • Making Enforcement Changes. The SEC enforcement division was restructured to focus on significant cases.
  • Changing the Way Complaints and Tips are Handled. The SEC has centralized information received and created the Office of Market Intelligence.
  • Encouraging Insiders to Share Information. Formal agreements have been developed to help protect people on the inside who can provide early and accurate information to the government.
  • Requiring Investment Advisors to Take Additional Steps to Safeguard Investors’ Assets.
  • Focusing on Risk Assessment and Fraud Detection.
While Ponzi schemes have not been eliminated in the three years since the Madoff scandal broke, it is impossible to tell how many schemes have been prevented or discovered early due to the SEC’s efforts.
Contact a Columbus Investment Fraud Attorney If You’ve Been the Victim of a Ponzi Scheme
If you believe that you may have lost money in a Ponzi scheme, then it is important to contact a Columbus investment fraud lawyer who has experience in this area of law. The Columbus investment fraud law firm of Meyer Wilson is the only Ohio law firm to exclusively represent investors in individual and class-action lawsuits.
To schedule a free consultation with an experienced Ohio investment fraud attorney, please call 614-224-6000 or 866-827-6537 today. To learn more about your rights, we invite you to read our book Five Signs of Investment Fraud... And What to Do if it's Happened to You, which is available for free on our website.