Legal Question in Investment Law in South Carolina

Asset backed investment

My husband and I were talked into an ''asset backed'' investment, promising to guarantee the principle, 10% return annually for a period of 5 years. We recently received a letter stating that the ''program'' has been discontinued and that the interest payments would cease. Also, we were told our only option was to convert the investment into fractional real estate. We don't want to do that and we would like to get our principle back. The contract term ends in 2010. Can we demand our principle, and do we have to wait until 2010? Thanks!


Asked on 9/09/08, 4:11 pm

1 Answer from Attorneys
Mark Tepper Mark A. Tepper P.A.

Re: Asset backed investment

I need additional information to answer your question to determine if you have a viable claim. Please contact our office directly by phone to discuss your options at a no-cost consultation.

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Answered on 9/11/08, 3:21 pm


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