![]() I just hear the constant excuse: "I didn't want to hire a lawyer because it would have made the relationship uncomfortable and I trusted them." ![]() I am constantly amazed at how many people will invest or loan hundreds of thousands of dollars to their neighbor or fellow church member without getting anything in writing or security. In the worst cases, people have borrowed money against their own homes or used their retirement plan in order to fund risky investments and businesses in anticipation of higher returns, but now their nest egg is gone. However, by the time they call our office, the money is gone, their calls are being ignored and they need legal advice on what to do next. In nearly every case, in the beginning there was a guarantee of unusually high returns with no risk, and of course the promises of success from a trusted relationship. Every week our firm gets phone calls from clients around the country who have lost their money by investing with friends, family or neighbors they trusted.
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