Promissory Note Fraud

What is a promissory note?

A promissory note is a form of debt that contains a written promise by one party to pay another party a definite sum of money, either on demand or at a specified future date. The promissory note typically includes the principal amount, interest rate, maturity date, date and place of issuance, and the signature of the issuer.

Are promissory notes safe?

While promissory notes can be legitimate, those that are broadly marketed to individual investors often turn out to be scams. You should always perform due diligence when considering a promissory note.

What are the signs of promissory note fraud?

Signs of the promissory note fraud include: unlicensed sellers, unregistered investments, risk-free returns, and insured or guaranteed notes.

What can you do if you’ve fallen victim to promissory note fraud?

If you believe you have invested in a promissory note scam, contact an experienced investment fraud attorney to review your case and advise you on the possibility of recovery.

Take the next steps to find out if you have a claim:

Step 1.

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!

Step 2.

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.

Step 3.

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.

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This site contains attorney advertising. The attorneys at ChapmanAlbin are licensed to practice law in Ohio and Michigan. Any reference to past cases or successes made herein should not be construed as a guarantee of any future outcome. Each client and each client’s case is unique, and no result or outcome is or can ever be guaranteed. The information provided in this website is offered for general information purposes only; it is not offered as and does not constitute legal advice in any way. // Disclaimer