Question :Can you recover your investment from a Ponzi Scheme?
The answer is No.
Reasons:
- You do not know the Identity of the entity(Individuals who benefited from your money, you can not sue a party whom you do not know.)
- such schemes are illegal because they amount to fraud. The law does not recognize or listen to cases based on illegal transactions.
- such schemes encourage Tax invasion. most of you do not pay tax on your income from the schemes so no Government entity will sympathize with you for your loss.
