Our Ponzi Fraud Lawyers Are Investigating and Offering Free Case Assessments to Victims

Our Ponzi Fraud Lawyers at Shepherd Smith Edwards and Kantas are investigating claims on behalf of victims affected by a $3.8 million Ponzi scheme run by former MML Investors Services associated person Trevor Uhls. These experienced securities attorneys assist defrauded investors in evaluating their legal options and pursuing recovery from responsible broker-dealers through FINRA arbitration.

Shepherd Smith Edwards and Kantas (investorlawyers.com) is investigating claims of investor losses related to a Ponzi scheme run by Trevor Uhls. He was operating out of a branch office of brokerage firm MML Investors Services, which is owned by insurer MassMutual. At least 60 investors were defrauded in the $3.8M investment fraud to which Uhls pleaded guilty.

The US Department of Justice said that Uhls misappropriated investors’ funds for his own use. He now faces up to 20 years in prison for wire fraud and 10 years maximum for money laundering.

Details Involving the Criminal Fraud Case Against Trevor Uhls

Uhls is a former associated person with MML Investors Services. He was not licensed to sell investment products or services. Yet he sold promissory notes to investors.

• Uhls communicated to his victims using the brokerage firm’s name, email system, and electronic signature account.
• He promised Missouri and out-state-investors high returns of 8.5% to 15% on short-term investments turned out to be fake.

What Is a Ponzi Scam and Can I Sue My Broker-Dealer for My Losses?

• In this type of investment scheme, older investors are paid with money coming from newer investors instead of actual profits.
• There typically needs to be a steady influx of money from newer investors for the fraud to keep running.
• Ponzi scammers are known to promise high or guaranteed returns along with no-to-low risk.
• Ponzi schemes, even those that have gone on for years, inevitably will fail.

You may be able to sue your brokerage firm if you fell victim to a Ponzi scam under their watch even if they didn’t know about the fraud. But first, you need to speak with seasoned Ponzi fraud attorneys to figure out the actual cause of your investment losses.

A few possible scenarios that can warrant suing your broker for your Ponzi fraud losses:

• Your financial advisor perpetuated the scam.
• The broker-dealer failed to properly supervise your account and their broker or associated person’s activities.
• The financial advisor unsuitably recommended an investment that turned out to be part of a Ponzi scam.
• The broker did not conduct proper due diligence to ensure that the financial product was legitimate.
• The financial advisor sold away the investment and the broker-dealer failed to detect this illegal activity.

How Do I Pursue Damages From My Broker-Dealer For My Ponzi Scam Losses?

• Shepherd Smith Edwards and Kantas can help you assess whether you can and should sue your broker for your investment fraud losses.
• Customers with disputes against financial advisors and their brokerage firms can file their claim in FINRA arbitration.
• You want to make sure you have seasoned Ponzi scam investor lawyers representing you and protecting your legal rights.

Talk About Your Ponzi Fraud Losses Now

Call our Ponzi Fraud Lawyers  at(800) 259-9010 or contact us online to schedule your free case consultation.