The Expert Podcast

Here's another in our series of "Do Ponzi schemers get caught?" We get this question all the time when we're talking to clients. Are the people who scam me going to get caught? Well, it does happen. Here's somebody in California who stole $24 million in a Ponzi scheme over the course of a couple of years. 200 investors put in. If you do the math, that's hundreds of thousands of dollars on average to this Ponzi scheme. Think about it, somebody steals that kind of money, they're not going to be able to just disappear. It's big money we're talking about, and the highest level of law enforcement gets involved - FBI. Usually, you're going to have SEC if it's a security. It all starts with a private investigation to get the evidence out there so that the authorities can take over. But yes, Ponzi schemers get caught. They get caught all the time. It goes back to Madoff, Scott Rothstein, all the major Ponzi schemers get caught. It's just a matter of time. And they're counting on you to give up. The scammers are counting on you as a victim to just give up and forget about it and lose your money rather than taking action. That's how they keep their scam going for as long as it does.