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So he is a gambling addict.

What were you thinking?

And cash (shakes head in amazement)? You actually went to the bank and withdrew $7,750 in cash? I've driven a truck full of dynamite, but...

What was the purpose of the loan?

It's generally a bad idea to loan someone that kind of money without having something in writing, and a security interest in some sort of collateral. If you ever do so again (to anyone) a few...

Looks like it.

But you do understand that, should you get a judgment you will still have to collect the judgment by levying upon his non-exempt property? A "successful" outcome of a lawsuit...