ponzi schemes and texas fraud laws

Ponzi Schemes and Texas Fraud Laws

February 8, 2017

Over the past decade a number of financial frauds have been uncovered by both federal and Texas investigators. The monetary value of these fraudulent operations has been staggering, ranging from in excess of $70 billion in the case of Bernie Madoff’s long-running Ponzi Scheme to a few thousand dollars typical of social media-based Pyramid Schemes such as the “Blessing Loom” scam currently operating on Facebook.

Regardless of whether or not those promoting such dubiously legal financial schemes actually believe that they are doing nothing wrong, there are federal and state laws that provide for substantial prison sentences and fines for those convicted of directly profiting from such illegal operations.

HAVE YOU OR A LOVED ONE BEEN CHARGED WITH FRAUD IN THE HOUSTON, TX AREA? CONTACT THE LAW OFFICE OF BRETT A. PODOLSKY TODAY TO RECEIVE THE AGGRESSIVE LEGAL DEFENSE YOU NEED.