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Alabama Securities Commission Warns of Swindlers in Church

Alabama Securities Commission Warns of Swindlers in Church 150 150 Rex Securities Law

The Alabama Securities Commission warns of swindlers who claim loyalty to your group, whether it be a church group or other group or association. Fraud targeting  religious groups continues to be a problem according the Commission’s Investor Tips/ Investor Education website. 

To avoid Affinity Group Fraud, the regulator warns investors to beware of the use of testimonials from other group members since some scam artists frequently pay out high returns to early investors using money from later investors to give the appearance of a legitimate investment, a technique know as a Ponzi scheme.

Visit their website for more information and examples.

Rex Securities Law provides nationwide representation to investors seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.  Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

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