Legal Question in Civil Litigation in Florida

In 2006 I inherited a house from my parents. I sold the home and invested the money, approximately 100thousand, with a friends father before deploying to Iraq. He stated that the money would be put into low risk investments. Upon my return I discovered that he took all the money and invested it all into his own business in Georgia. Since that time I have not seen any of my investment. Multiple attempts were made to contact him however I either get no answer or a text stating he will call me later. Do I have any grounds to try to retrieve my inestment legally or am I just out of luck for making a poor decision?


Asked on 2/02/11, 2:56 pm

3 Answers from Attorneys
John DeLancett Law Offices of John DeLancett, PL.

I am not a Georgia attorney, but, assuming their law is similar to Florida law, you absolutely have a claim against him for these funds. You might even be able to impose a constructive trust on his business.

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Answered on 2/08/11, 4:30 pm
David Aronberg Aronberg & Aronberg, Injury Law Firm

Is the father a broker/dealer? If so, you may be able to bring an arbitration case in FINRA in Florida. Please call my office to give me additional details. 561-266-9191.

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Answered on 2/08/11, 5:48 pm
Michael Tobin Michael M. Tobin, P.A.

You may also have a criminal case. Take it up with the State's Attorney.

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Answered on 2/09/11, 2:37 pm


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