Legal Question in Investment Law in Nevada

Have i been scammed

On 1/18/02 I invested $37,500.00 by wire transfer to the Nevada State Bank. Supposedly, my money was being invested to secure water rights for a project in Pahrump, Nevada. The contract clearly stated that he would repay my $37,500 by 12:00 midnight on 1/25/02 as well as pay me a bonus of $850,000.00 thirty days from the signed contract. At the time, it seemed like a great deal, but because I have been promised date after date, I have had to close my retail business and I have maximized every credit card just to pay for living expenses for me and my 16 year old son.

My last resort has resulted in selling my house to keep the bank from foreclosing.

It is has now been 13 � months, 403 days and I need advice if I should I start contacting the State and Federal Agencies for assistance in recovering my money?


Asked on 2/27/03, 8:14 pm

1 Answer from Attorneys
Michael Paradise Law Offices of Michael S. Paradise

Re: Have i been scammed

It sounds like you have been defrauded. I would contact the Ohio Attorney General's office and the Nevada Attorney General's office. You should also file a complaint with the Securities and Exchange Commission.

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Answered on 2/28/03, 11:03 am


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