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Advice on Fraud and Bounced checks from 7 years ago

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newman


Arresto Menor
A so-called friend borrowed money to supposedly help finance a high yielding business. This was in 2004. He promised a 5% monthly interest for 6mos for the principal of 300K. He issued me 6 PDC's totaling the principal plus interest. We had no written contract.

First check bounced right away (Account was closed). I could not contact him anymore. I deposited the rest of the checks during their issue dates and they all subsequently bounced. I still have all the returned checks.

Went to a collection agency but they could not locate him to give a demand letter. Collection agency is no longer in business.

Now, I believe that I may have an address for the guy. Do I still have a case? If I do, what steps should I take and what should I file against the person?

Thanks in advance.

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attyLLL


moderator
bp 22 is too late.

you can still file collection case. that won't expire until 10 years.


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newman


Arresto Menor
Thanks for the info. Could you elaborate on what a collection case is? Do I file this in court? Thanks, again.

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attyLLL


moderator
send a demand letter first, then a collection complaint filed with the court. you will need a lawyer.


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Warning and Disclaimer: I am not your lawyer; and you are not my client. With the limitations of an  Internet forum, a thorough review of your concern is not possible. View my comments at YOUR OWN RISK. It is best to actually retain a lawyer for your individual concerns.
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