CAN I RECOVER MONEY THAT I LOST IN A PONZI OR PYRAMID SCHEME?

Video Transcription

The answer is sometimes. Often, the Ponzi schemer funnels the money that they take from the investors through banks or brokerage firms and there are red flags that alert the banks or brokerage firms to the fact that perhaps the money is somehow tainted. Oftentimes a receiver is appointed that can go after the banks and the brokerage firms to collect money on behalf of the investors in the Ponzi scheme.