I invested $5000.00 with a friend whom was an investment banker. I wrote him a check he gave me a contract, I looked him up in Dade County and he did have a business license and all seemed okay. He took ill and before I knew it he closed the business took my money and now I don't know where he is.

I still have the contract from his company and all the correspondence back and forth with him. What can I do to collect the money? My ROI should have been $15,000.00 never saw a dime.

Is there anything I can do?

Heidy

What exactly did you invest in, did you buy stocks, bonds, or what?

Yeah... you can sue him for one... you can ask about having him arrested for dealing securities without a license. But keep in mind... the actually fraud was $5,000 not the $15,000 you thought you would get. But your legal fees might exceed that.

And even if you win... if he has no assets then good luck actually getting anything back.


Seriously though... investment scheme returning TRIPLE your investment with interest rates and returns as low as they have been didn't seem at all suspicious to you? After the Bernie Madoff scandal no less.

Heck you are LUCKY to find anything with a 5% guaranteed return right now. Much less 300%.