real estate investment fraud
I entered into a verbal agreement with a friend to invest $6,000.00 to be deposited into his bank account in order to help him to qualify for a loan to purchase a distressed property. We intended to fix up the property and then sell it for a profit. The agreement was that once the sale was completed I would be paid back my $6,000.00 and an equally divided share of any profits above and beyond my original investment. My friend never purchased the property and has spent my $6000.00. Several months ago he agreed to pay me back my $6000.00 but is now avoiding my calls and has sent no money. I gave him the $6000.00 in the form of a check, made out to him, with ''investment purposes'' written in the memo. This agreement originated in Maryland. I now live in VA and my friend now lives in TN. Do I have any legal recourse to recover my money from him?