Legal Question in Business Law in California

Investment Fraud

I invested $60,000.00 with a new emerging investment group. Lots of paperwork including their system of "cross currency foreign" exchange something or other, risk disclosure stating, "low-risk" high yield...within two months, they claimed their entire company (equity of $350,000.00) was gone...does this sound kosher? is there anyway to look at records, accounts, etc.?


Asked on 2/24/00, 3:18 pm

2 Answers from Attorneys
stan lieber law offices of stanley p. lieber

Re: Investment Fraud

If they aren't providing you with documentation per your request, you should probably pursue this with an attorney. Companies don't just go through that much money in a short period of time unless something improper was going on.

We provide a free consultation if you would like to contact us.

Stan Lieber

818 888 1811

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Answered on 3/02/00, 7:12 pm
Christopher Enge Law Offices of Christopher J. Enge

Re: Investment Fraud

It sounds like you may have been snookered. In this kind of situation, you should see a lawyer immediately. If the company in fact is going out of business, you need to move quickly to protect your rights. Other creditors will also be pursuing a small and shrinking pool of funds with which to pay claims. If you are in Northern California, please let me know and I will be happy to talk to you. If you are somewhere else, please let me know and I will see if I can refer to you someone in your area.

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Answered on 3/01/00, 11:46 pm


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