[Wenda]

What is the statute of limitations for charging someone with fraud. A person gave some money to someone to invest in a specific, agreed upon manner and then found out that the money was used for something else entirely and ultimately most of the money was lost. There is a promisary note signed by both parties stating what the money was to be used for but no lawyer was involved.

[tickle]

Fraud is fraud and as you describe it, should have been reported as soon as you found out that the activities were fraudulent, especially when there is proof of a promissory note stating the purpose of the money lent.