If you are holding a promissory note, and if one or more of the red flags listed below apply to you, note: act quickly! You may have valuable legal rights. However, these can have a short shelf-life, so if you recognize one or more of these red flags, call the investor rights experts at ChapmanAlbin. You’ll get answers to your questions today without incurring any charge or obligation.
Scams involving promissory notes are popping up again. This is to be expected in today’s low-interest rate environment; promissory notes usually “guarantee” the investor pretty high fixed rates of return.
Notes appeal to many safety-seeking investors because they sound simple and safe—an attractive alternative to stocks and bonds. “Simple” because a promissory is just an “IOU” where the investor loans money to some enterprise for a fixed period of time, and the borrower promises to pay the investor interest on the amount of the loan until the amount is paid back in full. “Safe” because the investor’s loan is supposedly backed by some valuable security, often real estate. Or, sometimes, the re-payment obligation is said to be insured.
There are legitimate promissory note arrangements, and then there are scams. Here are some “red flags” indicating that you may be involved in a scam:
Over the last 25 years, the attorneys at ChapmanAlbin have helped hundreds of promissory note scam victims recover their losses. Don’t allow yourself to be a victim – call ChapmanAlbin today!
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If we think you might have a case, we will need to review a few basic documents. If we determine you have a case, then you will have the option to hire us as your attorneys to pursue it.
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*In the vast majority of cases, our agreement is contingent – meaning you won’t owe us any money unless we recover money for you.