Articles Posted in Consumer Protection

If you’ve discovered that your “guaranteed” investment was actually a Ponzi scheme or that your financial advisor lied about where your money was going, the feeling of betrayal is overwhelming. But in Oregon, you have a powerful ally that many other states don’t offer: ORS 59.115. Oregon’s securities laws (often called “Blue Sky Laws”) are…

If you invested in the Prestige Funds and are now facing collection efforts from your bank, you may be more than just a victim of a Ponzi scheme—you may have a legal claim against the financial institutions that financed it. Our firm is currently investigating the role of banks in the Prestige Funds Ponzi scheme.…

For thousands of investors across the United States—many of them retirees seeking stable income—the recent news surrounding Inspired Healthcare Capital (IHC) has been devastating. On February 2, 2026, the Scottsdale-based private equity firm specializing in senior housing filed for Chapter 11 bankruptcy protection in the Northern District of Texas, alongside over 160 affiliated entities. The…

Banks Law Office, along with co-counsel, filed a proposed class action lawsuit regarding a Ponzi scheme perpetrated by Prestige Funds and Paramount Management Group. Prestige Funds raised money from investors purportedly to purchase ATM machines that would be managed and operated by Prestige’s affiliate, Paramount Management Group. Investors were promised handsome profits in exchange. Unfortunately,…

Understanding the Risks of Investing in KBS REIT III For years, non-traded real estate investment trusts (REITs) like KBS REIT III have been marketed as attractive investment opportunities. With promises of steady income and access to high-quality commercial real estate, these vehicles have drawn significant interest from investors seeking diversification and reliable returns. However, many…

Banks Law Office is investigating Brighton Jones, a registered investment advisor based in Washington, for its asset-management fee practices. We believe that Brighton Jones charged its clients excessive asset-management fees by inflating the clients’ assets under management. In particular, when calculating the asset-management fees, Brighton Jones may have included in the “assets under management” assets…

A bank is likely liable to victims of a fraudulent scheme if an employee at the bank provided ordinary banking services (such as opening a bank account) when the employee knew that those services would be used to help a fraudulent scheme. This blog post discusses some cases alleging that banks are liable for aiding…

Understanding the Electronic Funds Transfer Act: Protecting Consumers from Unauthorized Transactions The rise of electronic banking and digital payments has transformed the way we manage our finances, offering convenience and speed. However, it has also brought challenges, including the risk of unauthorized transactions and errors. Enter the Electronic Funds Transfer Act (EFTA), a federal law…

Introduction Fraudulent investment schemes have wreaked havoc on countless lives, and one of the most egregious cases to surface recently involves Wealth Assistants. We previously announced that a Court ordered an asset freeze against Wealth Assistants. Wealth Assistants’ complex network of individuals and entities perpetrated a widespread scam, targeting over 600 victims and swindling over…