Legal Question in Criminal Law in California

Fraudulent Investor

I am a young business woman (i started my own clothing company) & recently

i got taken advantage of. I put an add out on craigslist.com for investors &

met up w/ one of the people who responded. Everything sounded good, he

liked my company & wanted to give me $. Little did i know a while into our

partnership he put two deposits w/ of fraudulent checks in my account then

wired them out immediatly. The banks are hoding me responsible because he

was a joint partner on my account. They also froze all my money that was in

the account. He is now nowhere to be found. So I am out all my money, stuck

w/ all the blame & I don't know what to do. My bank won't help me. I feel like

such an idiot!!


Asked on 5/31/06, 10:04 pm

3 Answers from Attorneys
Michael Stone Law Offices of Michael B. Stone Toll Free 1-855-USE-MIKE

Re: Fraudulent Investor

You said it, I didn't. You became partners with some total stranger and let him sign on your bank account??!? At least you didn't get pregnant.

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Answered on 5/31/06, 10:41 pm
Lyle Johnson Bedi and Johnson Attorneys at Law

Re: Fraudulent Investor

Soliciting investors without a permit from the state may result in criminal charges being filed against you. Check with an attorney before such activity.

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Answered on 6/01/06, 2:03 am
Philip Iadevaia Law Offices of Philip A. Iadevaia

Re: Fraudulent Investor

You can recover from this mistake. First thing to do is go to the police and make a report of check kiting (writing a fraudulent check). Then call an attorney to help you sort things out. You may have some recourse against your bank for its advancement of funds on the bad checks. Good luck.

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Answered on 6/01/06, 12:00 pm


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