Legal Question in Investment Law in California

Investment

Invested 25000 in a company in Nov of 2004- promised double on my investnent (50000)in 1 yr it has now been 4 1/2 yrs. The company will not let me see the books, tax returns,etc although I have made repeated request both verbally and written with a new excuse everytime as to why I cannot see where my invstment has gone. Also within the last year I had my wages garnished because they refused to get me the proper documentation to prove I had invested the money (repeatedly asked for a year) and had to pay the taxes on money I no longer posessed. In the last weeks things have become more insistant as to seeing books and or resolving my investment issues. I have a contract that states that the investment will be paid back in a reasonable amount of time (but what is a reasonable amount of time) the one year promise was a verbal statement. I have also been promised that my losses through garnishment would be covered and or documentation would resolve the situation, I am now on the 11th month of negotiation for this alone. At this point they are refusing to supply me with documentation, no longer answering either personal nor business line. What can I do to get my investment back? Is it leagal to withhold information from an investor?


Asked on 5/03/09, 11:12 pm

1 Answer from Attorneys
Daniel Bakondi The Law Office of Daniel Bakondi

Re: Investment

I handle and have litigated these types of matters, and am familiar with the california securities laws that are probably at issue. Send me an email if you wish to discuss. You may get farther with an attorney who has experience pursuing such matters.

Best,

Daniel Bakondi, Esq.

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No attorney-client nor confidential relationship is created through this communication. You may not rely in any way on this communication, and nothing herein constitutes legal advice nor legal opinion. Your issue may be time sensitive and may result in loss of rights if you do not obtain an attorney immediately.

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Answered on 5/03/09, 11:48 pm


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