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One of my friend’s not too good friends is using this old man who is his neighbor. my friend rents room from this old mans son. Well, old man just refinanced his house and took all the equity out coz my friend asked him "let’s do some biz". Old man is 63 years old. That equity is his old ages savings. My friend is buying this abandoned biz in a bad neighborhood. Basically the old man is so wrapped around my friend’s finger...they have formed a corporation. My friend asked me initially to join in as a partner coz they need working capital. I said no, coz he wanted me to be a silent partner. Well, I aint no stupid to invest 300K and just sit quite. I said no. So, my friend is not even bringing a penny to the table, seller is carrying two notes. My friend has no biz experience and is only has high school diploma. My friend told me he is meeting the seller and the agent for drinks and he is not taking the old man with him coz he is not social able. Help? Should I write or call anonymously!

2007-01-10 18:55:15 · 11 answers · asked by Msfunloving 1 in Family & Relationships Friends

11 answers

Yes, you should tell the old man that this is a very bad business venture. At least then if he still invests you know that you did try and warn him.

2007-01-10 19:07:08 · answer #1 · answered by Shadow_Dancer 2 · 0 0

Yes, you are talking about a lot of money, this amount will ruin the old boy if lost.

He is entitled to know what the position is with regard to the risk he taking with his money.

And.........as far as this chap being your friend.....I would choose more wisely next time, and give him a wide berth.He is obviously not to be trusted.

The old man may say that he willing to trust this chap, but at least your conscience will be clear, in the fact that ,at least you did warn him.

Good luck.

2007-01-10 19:15:08 · answer #2 · answered by animalwatch 3 · 0 0

yes yes yes do it u must do something this aint fair on him - the old man- at all old ppl do anything 4 company if they r lonely and this sounds like what hes doing
speak to citizens advice or the police or something remain anonymous that way nothing backfires on u but u must do something maybe they can advise u on where to go
whatever u do, do it quickly b4 its too l8

2007-01-10 19:15:14 · answer #3 · answered by itsmeeeeeeeee 2 · 0 0

Try to talk some senses to your friend and if he refuse to leave an old man alone tell him that you are going to say something to an old man.Do not let him use an innocent person like that.

2007-01-10 19:09:34 · answer #4 · answered by joyce m 2 · 0 0

can you not speak to the old mans son surly he will warn his farther you could try and find his phone number and tell him whats going on

2007-01-10 19:37:16 · answer #5 · answered by nicolefrenzy 6 · 0 0

yes you must do something. you cannot sit back and let anyone old or young been taken advantage of.

2007-01-11 02:08:55 · answer #6 · answered by abutterfly2k2 2 · 0 0

yes the poor old fellaa awwwww

2007-01-10 19:37:46 · answer #7 · answered by robertboozychic 4 · 0 0

just advice her good and never repotrt her as the man wont trust ur truth

2007-01-10 19:11:11 · answer #8 · answered by peaches an cream 3 · 0 0

yes i agree

2007-01-10 19:04:28 · answer #9 · answered by wizard 3 · 0 0

YES!!!

2007-01-10 21:34:23 · answer #10 · answered by lalala 4 · 0 0

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