Ponzi schemes and investment scams are on the rise. According to a securities fraud attorney, low-interest rates have caused investors to seek out riskier investments. “Retirees that need income can’t get by with 1% on a bank account – they end up in riskier products that pay more income, but are suspectable to fraud,” explained Marc Fitapelli. Fitapelli is an investment fraud attorney based in New York City. He believes that low-interest rates combined with fears over inflation are pushing retail investors into ever more exotic products, causing a spike in securities fraud filings.
Investors Flee the Stock Market for Risky Alternatives
You can’t discuss anything these days without mentioning COVID-19. The pandemic has impacted many aspects of our lives, including our finances. In the days following the initial news of the pandemic, global stock markets crashed only to quickly soar to record highs a year later….