I'm in NJ, and my brother and a friend who worked together in a restaurant in the GA area decided to open a small take out place for themselves. My brother asked me for a loan of $10,000 to help purchase the restaurant, and I wired the money to a joint account of the friend and her mother, since my brother did not have a savings account. (He's here on a Visitor's Visa.) The acquisition didn't work out, so they decided to look for another one. In the interim, however, my brother's friend decided to use the money to purchase a house in a girlfriend's name!
What can I do to try and recoup the money? I only found out that the friend had spent the money when I reqeusted it back, and nothing came after two weeks of her daily claims to have wired it.
I've tried to reach both the friend and the mother, but they are not returning my calls.
They never signed the promissory note, but I do have a notorized copy of the documentation showing the wire transfer.
Any guidance at all would be great!
2006-08-07
11:22:08
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16 answers
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asked by
supererogatorysesquipedalian
1
in
Personal Finance