We invested our life savings in a friend’s business — now we fear it’s a Ponzi scheme
Posted: Sat May 05, 2018 8:29 am
MarketWatch - 5/4/2018 - Dear Moneyist, We are in a sticky situation and need some advice on how we should proceed. We had a friend who has had some success (and failure) in business. He was sent to federal prison for two years for signing off on falsified financial documents as an executive of a company. He claims he somewhat knew but was also sort of tricked into it, or at least was backed into a corner. Whatever..But after his release he got himself back on his feet fairly swiftly. And when I say friend, this isn’t a casual acquaintance: My wife, 55, has been best friends with his wife since they were toddlers. My wife met him in high school and actually introduced them to one another, so that is definitely a complicating factor. Read more @ https://www.marketwatch.com/story/we-in ... 2018-05-04