Offshore investing refers to investing in opportunities offered outside of an investor’s home country.
Despite what the media has portrayed, offshore banking and investing is completely legal if done for legitimate reasons in legitimate ways.
The primary challenges associated with offshore investing are the high costs involved and increasing scrutiny worldwide by regulators and tax authorities. Additionally, there are a variety of offshore investment schemes that target both sophisticated and unsophisticated investors. Because operators are acting from outside of the United States, these scams can often be difficult for U.S. law enforcement agencies to investigate.
When considering an investment, look for red flags such as: a demand to immediately send or wire money, unregistered agents, products, or businesses, offers of unrealistic returns or tax savings, and lack of documentation. Always perform due diligence when making any type of investment, especially one outside of the United States.
If you believe you have been scammed, you should secure all bank accounts and cards, report the scam to the local police department and the FTC, file a fraud alert with the major credit bureaus, and contact an investment fraud attorney who can guide you through the steps to recovery.
Talk to an Experienced Attorney Today
Call and speak to one of our attorneys* for a no-cost consultation to discuss your situation, answer your questions, and help you determine the next steps. This call usually takes about 15 minutes, but we are happy to talk to you as long as you would like!
Quick Review of Your Paperwork
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.
Signed Attorney/Client Agreement
If you decide to hire us to pursue your case, we will have you sign an attorney-client agreement so we can begin the process of trying to recover your losses.*
*In the vast majority of cases, our agreement is contingent – meaning you won’t owe us any money unless we recover money for you.