Prime Bank Fraud Whistleblower Lawyer
If you have recently become aware of a scheme to defraud investors through a prime bank program, contact a prime bank fraud whistleblower attorney as soon as possible.
When you obtain information about a deceptive practice like prime bank fraud, you have the opportunity to provide this information to the Securities and Exchange Commission (SEC) and potentially become a whistleblower, which means you could receive a reward.
Not only that, but helping the SEC put a stop to this practice can help protect future investors from losing money that could be invested in a legitimate money-making program. A prime bank fraud whistleblower lawyer can help you as you move forward and protect you from retaliation.
What Is Prime Bank Fraud?
Prime bank fraud is when a fraudster convinces an investor that his or her funds will be used to trade and purchase financial instruments in secret markets overseas that are sure to generate a high rate of return—usually 100 percent or more.
Setting aside the fact that investing in a secret international markets is highly frowned upon, if not illegal, these “financial instruments” simply do not exist—and neither do the markets the fraudster claims to be trading on.
Interestingly, sellers of prime bank instruments are quite bold in their tactics for recruiting investors. These schemers have been known to advertise their “opportunities” in popular national magazines and newspapers in the hopes of securing new fraud victims.
Prime Bank Fraud Warning Signs
There are some telltale signs that an investment opportunity is actually a prime bank fraud scheme. First, you should be leery of a promoter who claims that the returns on your investment will be extremely high—usually upward of 20 to 200 percent each month—and free of financial risk.
In addition, exercise caution whenever a promoter speaks of instruments guaranteed by the “World Bank” or other authoritative-sounding financial institutions. These banks are often fictitious or not linked to the investment proposal at hand.
Other things to watch out for include sellers who claim exclusivity of their opportunities, sellers who refuse to explain the investment (often citing complexities that only an expert would understand), and strict confidentiality policies that require the signing of a non-disclosure agreement.
Becoming a Prime Bank Fraud Whistleblower
If you are able to provide the SEC with pertinent information regarding a prime bank fraud scheme, you could become an award-winning whistleblower if you act quickly. It’s important that you are the first whistleblower to report about this particular ring of fraudsters, and your tip must be voluntarily given before an investigator questions you about it.
As long as your tip provides valuable information that leads to enforceable action by the SEC, and the sanctions the commission imposes on the “program” reach a minimum of $1,000,000, you can become eligible to collect anywhere between 10 and 30 percent of the accrued sanctions.
Contact a Prime Bank Fraud Whistleblower Attorney
Stumbling across information about a prime bank fraud scheme can be beneficial to both you and the investors who have been defrauded.
If you can provide information to the SEC that can help put a stop to this securities violation, contact a prime bank fraud whistleblower lawyer with Meissner Associates today. You can schedule a no-obligation consultation by filling out the form below or calling us at 1-866-764-3100.