Ive been scammed!?

Question

about a year ago i invested money into 'buying art' were I was advised by a once clsoe friend that I could double my money in 6 months.

any how the the bloke who introdued my mate to it kept putting it off etc, a year later its at the point where so say this company have been declared bankrupt or had there money frozen!

the company in question is 'classic art inc'

what the hell can I do? I remember I wrote the cheque out to the company so is there any way of legal proccedings agaisnt them? any help would be appreciate as I jsut want my moeny back now! its gone on long enough.

as I have written a cheque out to them, yet never received anything....cant I claim from my bank?

Answer 1

I got this fool proof pyramid scheme going if your interested every one wins .......honest just £5,000

Answer 2

Although this doesn't sound too good for you (sorry), if you are in the uk, you can apply to Companies House (go online to see if you can get proper contact details for your question) and check out

1) If the company actually exists/was registered
2) If it has been declared bankrupt or gone into receivership.

You should do this as soon as possible as if it has done number 2, you need to get your claim in as a matter of urgency - as if its bought as a going concern they need to know you are an invester. You may get offered a percentage per pound invested - hope you have some documented proof of what you put in and what you were promised.

I know its of no help now, but you should never hand over money even to friends for business ventures on behalf of a third party.

Whatever happens, good luck to you and I hope you get something back.
x

Answer 3

1. It is not your banks responsibility to judge what you do with your own money.
2. Hope that geezer isnt a friend anymore.
3. If bankrupted you will get an equal share of money owed, but maybe only a percentage of what you paid.
4. You a sucker or something buying an art piece without investigating what you were buying. You have been had laddie I am sorry. But good luck you may receive something when all their bills , debts., etc. are paid always first. Doubt it tho, they are broke so put it down to experience and dont waste valuable money from any friend or so called friend was he in on it even?

Answer 4

Say goodbye to your money, even if the company was legit then if it has gone into liquidation you will be on a very long list of creditors owed money and even if you do manage to recieve any mony back it will only be a very small percentage of what you invested.

Answer 5

When it comes to investments , Not even IBM is guaranteed .
Unless you have a contract showing it as a loan ,
Signed by them & agreeing to a certain % of interest ,
You have No grounds .
It was a crappy investment that you did NO homework on .
Chalk it up to real life school and learn ,
NEVER invest $$$$ without doing the homework .
(mates flapping their gums over lager does NOT count )

>

Answer 6

Should had demanded the money sooner if they are in liquidation you will prob not see that money again loads of other people are prob waiting on the list to be paid there won't be anything left for you.

Answer 7

byeeeeeeeeeeeeeeeeeeeeeeeeeee

did u honestly belive ur money was gonna be doubled within 6 months ???
what do u think the banks are for ?? they would go out of business if every1 doubled there money within 6 months, use a bit of commen sense or brain power next time, put it down to a lessen learnt

BTW if u want ur money tripled conatct me but say byeeeeeeee to ur money first ;)

Answer 8

As you say, you have been scammed and scams don't usually pay out or back. If it's too good to be true, it usually can't be true. One hopes that the cheque was not for a large amount.

Answer 9

Did you honestly think that you could double your money in 6 months?
Regard it as a very cheap lesson, provided you don't repeat it.
Sometimes we just have to put things down to experience.

Answer 10

Just take this as a lesson...Get rich scenes never work so don't do it again...