Legal Question in Investment Law in California

fraud suspected - need investigative help

A small group of investors with over $1,000,000 in investments can not get any kind of straight answer from the company invested in. It has been this way about 4 months now. Lately, we have been told the money is lost.

We all knew the possibility of a risky invesmtent, but this smells very much like fraud in that we don't get any answers are dodged and delayed as often as possible.

This company is based in Tennessee with all the investors scattered throughout the country.

1) The first question is, do we have any right to see the accounting books and what would it take to see them?

2) What does it take to get the FBI or DA to investigate this company and its owner? We have tried, but no one seems to care or be doing anything.

3) if an attorney is required, would it be best to get one in Tennessee near the business, or does that matter?

4) What are the chances we can recover losses and find out the truth?

5) How much can we expect to spend in just trying to find out the truth?

Thank you.

a very nervous and agitated investor

1 Answer from Attorneys

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