It is emerging that billions of investors lost their money by some powerful, clever or well-connected person. There are different stories that we listen on daily basis in newspapers etc. such as many families sold their assets in term of earning a lot of money or profit by taking part in pyramid and Ponzi schemes. These schemes are nothing more than a fraud. The fraud just want you to participate in their business and after taking a huge amount from you they will run away and you will lose all of your money.
The pyramid and Ponzi scheme laws are really helpful for you to prevent you from these types of situation.
Laws Or Penalties:
There are different laws or penalties in Prince William Virginia Where the guilty person should be punished.
- The injury parties have a full right that they can seek the damages and demand the recovery cost.
- Each violation may have to pay up to $5000 in order to a punishment.
- Consumer protection commissioner might be requested by her lawyer that they generally give an injection. In case of injection violation, the lawyer general may seek the fine of up to $2500 for each violation.
Where The Victim Can File A Request:
Pyramid and Ponzi scheme laws are designed for those persons who are going through these types of situations. It will help them a lot to file a case or complaint and save their selves and others from further scams. You can file your request in following situations.
- By filing a complaint to report the consumer protection commissioner
- Call the toll-free number for help
- Hire an attorney who can manage everything on behalf of you
By using these situations you can manage all these kind of scams easily.
Precautions For The Pyramid and Ponzi schemes:
There are different precautions that will help you to stay away from these scams.
- Do not involve or push yourself into any hurried decision.
- Before doing any investment you should request for any written receipt in the form of mail, hard copy, services or any other form that can be possible
- Do not purchase anything until you fully understand the situation and the business nature as well.
- If you find a company by saying that they are not the subject of any rules and regulation then you may have to file a complaint against them.
- Ask them to give you the copy of refund policy before doing any investment.
- Never gives them your credit card or bank account information over the text or f=phone call.
- If there is any doubt in your mind or heart then you do not need to worry about just hang up and move ahead.
Virginia Laws Against This Scam:
There are following major laws in Prince William Virginia:
- Act of Virginia consumer protection
- Virginia fraud law
- Promotional Pyramid scheme law
These laws will help the person who has been trapped by these scams.