As per the news, many Pennsylvania residents were robbed of their money in a Ponzi scheme perpetrated by a Rochester, NY, man through a Scotrun-based securities company. Reports like these highlight the increasing number of investment scams in the city.
If you are a victim of investment fraud, it is essential to seek legal help as soon as possible. Many people do not realize that they might have a case until too late. Working with an investment fraud lawyer in Pennsylvania can get the representation you need to fight for your rights.
Investment fraud lawyers help investors recover their losses from fraudulent investment schemes. They work with their clients to investigate the facts of their case and determine whether the investment was a fraud.
6 Reasons to Hire Them
Investment fraud lawyers can help you in several ways, like:
1. Chances of Getting Your Money Back
One of the most important reasons to hire a lawyer is because you may be able to get your money back. If you have been the victim of fraudulent activity, your lawyer will work with you to file a claim and recover any losses that you have incurred.
2. Have Peace of Mind
Another reason to hire a lawyer is for peace of mind. When dealing with the aftermath of investment fraud, it can be challenging to know what to do or where to turn. An experienced lawyer will be able to guide you through the process and help you get the compensation you deserve.
3. Save Time
Trying to navigate the legal system on your own can be time-consuming and frustrating. When you hire a lawyer, you can save yourself a lot of time and hassle. Your lawyer will handle all of the paperwork and legwork associated with your case, so you can focus on moving forward.
4. Get Expert Advice
When you hire legal aid, you will have access to expert advice. Your lawyer has the expertise to answer any questions you have about your case and help you make the right decisions.
5. Avoid Making Mistakes
The statute of limitations for most fraud cases in Pennsylvania is three years. However, suppose you are seeking recovery from a third-party or financial institution. In that case, the statute of limitations is six years from the date you discovered the fraudulent activity or should have reasonably discovered it.
There are a lot of potential pitfalls when it comes to filing a claim for investment fraud. If you make a mistake, it could jeopardize your chances of getting the compensation you deserve. An experienced lawyer will know how to avoid these mistakes and give you the best chance of success.
6. Protect Your Rights
Lastly, hiring an investment fraud attorney is essential to protect your rights. If you do not take action, you may waive your right to file a claim. An experienced lawyer will be able to safeguard your rights until justice is served.
Hiring an investment fraud lawyer in Pennsylvania can be difficult, but it could ultimately save you time, money, and stress. In case you are a victim of investment fraud, do not hesitate to seek legal help.
