Legal Question in Criminal Law in California

Bad investment by fraud.

My 86 year old father sold his family home through a ''family friend''. Later he was talked into an investment with this friend and I find out that this company or investment never existed. I have many checks from him that either bounced or was told not to deposit yet and now the bank account is closed. The amount is in the neighborhood of $50,000. The friend is very street smart in the law and says he has covered himself. Is there anything I can do?


Asked on 1/26/04, 4:46 pm

3 Answers from Attorneys
Terry A. Nelson Nelson & Lawless

Re: Bad investment by fraud.

YES, immediately call the local police and DA to file criminal charges, and get a good attorney to TRY to recover the money. This is classic financial 'elder abuse' and fraud. Feel free to contact me if interested in help doing so.

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Answered on 1/26/04, 4:56 pm
George Woodworth Law Office of George Woodworth & Associates

Re: Bad investment by fraud.

Report all of this information to the District Attorney for a possible Felony Fraud charge against the family friend. This is the easiest, and most cost effective way to recoup this loss.

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Answered on 1/26/04, 4:59 pm
Robert Miller Robert L. Miller & Associates, A Law Corporation

Re: Bad investment by fraud.

Thank you for your posting.

I have to agree that the prosecutor, your local DA's office, should be notified. To get your money back, you may also have to sue civilly for fraud, if restitution is not ordered as part of the criminal case.

I hope that this information helps, but if you want more information, have further questions, or feel that you need legal representation, please feel free to email me directly at [email protected]. It's my pleasure to assist you in any way that I can.

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Answered on 1/26/04, 7:39 pm


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