How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Richard Your Own Question
Richard, Attorney
Category: Business Law
Satisfied Customers: 55711
Experience:  32 years of experience practicing law and a businessman.
Type Your Business Law Question Here...
Richard is online now
A new question is answered every 9 seconds

I invested 100,000 dollars with a neighbor who sent it to his

Customer Question

I invested 100,000 dollars with a neighbor who sent it to his friend in Congo. While they were over there the money was used to buy gold. They made a purchase just to find out that it was copper and I and my other neighbors lost our money. Some of my neighbors want him to go to Jail for losing the money. Is this fraud and could he go to jail or could we take him to court and get a judgement. What do you recommend. He obviously lost money as well because I know he is hurting financially so I don't know if we will ever get our money back.
Submitted: 6 years ago.
Category: Business Law
Expert:  Richard replied 6 years ago.

Good evening. It's not a criminal offense if he had no intent to steal your money or defraud you. He might have been stupid, but stupid is not a criminal offense. If he disclosed to you what he was planning on doing with the money and the risk factors involved, and then simply lost your money through a poor decision, that's not only not criminal, but not guys simply made a bad investment which you can now write off. If, however, he caused you to invest in something and didnot adequately disclose the risk, then you could sue him under the securities laws. But, as you said, if he has nothing, it's going to be difficult to get anything.



I hope this has given you the guidance you were seeking. I wish you the best of luck!


If you have a follow-up question, please remember that there might be a delay between your follow up questions and my answers because I may be helping other clients or taking a break.


If I have adequately answered your question, even though the answer might not have been the one for which you hoped, I would appreciate it if you would please click the GREEN ACCEPT button so that I receive credit for my work; otherwise, though you have made a deposit, I do not receive credit.

If you need additional clarification on this question after clicking ACCEPT, please do not hesitate to click Reply and I will be happy to do what I can to help you further. Thanks for allowing me to be of service to you.


The information given here is not legal advice. As all states have different intricacies in their laws, the information given is general only. This communication does not establish an attorney-client relationship with you. I hope this answer has been helpful to you.