“High Return” or "Risk Free" Investments - South Florida Elder, Senior and Retirement Financial Abuse and Exploitation Litigation and Arbitration Attorney

Florida Elder, Senior and Retirement Financial Abuse FINRA Arbitration, State and Federal Court Litigation Attorney - "High Return" or "Risk Free" Investments.

While elder fraud, breach of fiduciary duty and other types of financial abuse can take on many forms, there are a number of investments which increasingly have been used in illegitimate schemes to defraud older investors. Elder or retired investors should exercise appropriate scrutiny before investing in these types of products.

"High Return" or "Risk-Free" Investments: In this type of scheme a fraudster often will tout unrealistic returns can be realized from "Low-Risk Investment Opportunities.". But no investment is risk-free. And sometimes the investment products touted do not even exist - they're merely scams. Investors should be wary of opportunities that promise spectacular profits or "guaranteed" returns. As the adage goes, if the deal sounds too good to be true, then it probably is. For example, the SEC found fraudsters that induced at least 803 elderly investors nationwide to invest in notes in PCM and the PCM Fund ("PCM notes") that purportedly paid a "guaranteed" return of 5.5% to 8% per year. The fraudsters claimed that investor funds would be used to make secured loans to businesses. They also represented that independent IRA administrators conducted "due diligence" on the PCM notes, and that investors would be repaid their principal at maturity, or that investors could redeem all or part of their investment before maturity, subject to a penalty. All of these representations were false. The loans were not secured. Further, the PCM notes were not liquid because the fraudsters failed to promptly return investor funds. Some investors had to threaten to file, or actually file, lawsuits against the defendants to get back their money. Nor was it true that IRA administrators conducted due diligence. [See SEC v. D.W. Heath & Associates, Inc., et al., No. CV 04-02949JFW (Ex) (C.D. Cal.)]

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With extensive courtroom, arbitration and mediation experience and an in-depth understanding of financial elder abuse and securities law, our firm provides all of our clients with the personal service they deserve. Handling cases worth $25,000 or more, we represent clients throughout Florida and across the United States, as well as for foreign individuals that invested in U.S. banks or brokerage firms. Contact us to arrange your free initial consultation.

At the Boca Raton Law Office of Russell L. Forkey, we represent clients throughout South and Central Florida, including Boca Raton, West Palm Beach, Boca Raton, Sunrise, Plantation, Coral Springs, Deerfield Beach, Pompano Beach, Delray, Boynton Beach, Hollywood, Lake Worth, Royal Palm Beach, Manalapan, Jupiter, Gulf Stream, Wellington, Fort Pierce, Stuart, Palm City, Jupiter, Miami, Orlando, Maitland, Winter Park, Altamonte Springs, Lake Mary, Heathrow, Melbourne, Palm Bay, Cocoa Beach, Vero Beach, Daytona Beach, Deland, New Smyrna Beach, Ormand Beach, Broward County, Palm Beach County, Dade County, Orange County, Seminole County, Martin County, Brevard County, Indian River County, Volusia County and Monroe County, Florida. The law office of Russell L. Forkey also represents South American, Canadian and other foreign residents that do business with U.S. financial institutions, investment advisors, brokerage and precious metal firms.