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