Invested in fake company - advice please.

[waveIsFake]

Members of my family have invested heavily in a company . The founder of this company was an old friend of my brother's but it has since transpired that he is nothing more than a conman andthe company nothing more than a sham. He is currently wanted by the police in the UK, but he has run away to the Dominican Republic where it seems that nothing can be done to bring him to justice.

Can anyone advise what the best course of action would be?

[Amethyst]

fake company set up by conman

Could you post evidence of complaints / police investigation etc into this company.
How much have you and your family invested and on what basis ?
If you think it is a fraud have you been in contact with Action Fraud & police ?

[bigbigproblems]

Re: Invested in fake company - advice please.

BlueBottle will give you the best advice if he see's this. He's an ex police officer, and would and has been my first port of call.

However - with regards to getting any money back... Any chance anything was paid via credit card? If it was you may be in luck. Although that's unlikely if it's a family friend. Even a debit card comes with some comeback (I used the chargeback facility that visa operate to get me £2k back when a company sent me fake goods).

If it was cash/bank transfer you need to see if the scammer has any assets. If he owns a property that is your best bet. I'll be honest and say I'm no expert here, but you might be able to get a charging order. Someone smarter than me will really help you out if they can.