Pyramid

What action can you take if you feel you have been victimized by an investment scheme?

What action can you take if you feel you have been victimized by an investment scheme?

If you think an investment is a Ponzi scheme or any other type of scam, or you've been victimized, file a complaint with the Securities and Exchange Commission, FINRA and your state securities regulator (here's a North American Securities Administrators Association list).

  1. What do you do if you fall victim to a pyramid scheme?
  2. Is there any way to get money back after being scammed?
  3. Can you report a pyramid scheme?
  4. Can you sue someone for pyramid scheme?
  5. Can I report a scammer to the police?

What do you do if you fall victim to a pyramid scheme?

Reporting a scam

Call the police on 999. If you have fallen victim to a scam, make sure you report it. You may not always be able to get your money back, but you might be able to reduce the damage and take steps to stop it happening again – to you or other people.

Is there any way to get money back after being scammed?

Contact the company or bank that issued the credit card or debit card. Tell them it was a fraudulent charge. Ask them to reverse the transaction and give you your money back.

Can you report a pyramid scheme?

If you believe you were invited to join an illegal pyramid scheme, you may notify the consumer protection division of your local district attorney's office, and file a complaint online with the Attorney General's office by visiting https://oag.ca.gov/contact/consumer-complaint-against-business-or-company.

Can you sue someone for pyramid scheme?

A person who has been victimized by a pyramid scheme has a legal right to seek compensation from those responsible for their losses. A class action lawsuit is an effective legal tool for many people considering legal action of investment fraud.

Can I report a scammer to the police?

Report the incident to the classified site immediately, sending them as much information as possible about the ad in question as possible. They can retrieve and store information to pass on to the police. Report the incident to your local police station so that they can open a case.

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