Financial fraud by a friend, court and police don’t seem to be helping much.

[User_d7b454de]

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User_d7b454de
PARTICIPANT
May 8, 2026 at 8:36 am

I know I am very very stupid but still need help and legal help

I am 30

I wanted to earn money

I randomly met old school friend, he said he was earning good money in construction and said that he would help me out, if I invested

Then I started investing along with him, he used to ask money, I used to send him.

I got multiple loans and continued to lend him money based on his promises.

He showed me sites of construction, he met me along with his father.

I have given him a total of 1crore 30 lakhs over period of 18months.

After this I involved my family, when confronted him in a strong way, he said he lost all the money in online gambling.

All transfers were online, I have blank cheques, check bounces, I have signed bond papers everything.

Court case is ongoing.

But I feel it is useless because he doesn’t have any properties nor his family has any properties and supposedly his father is also in lot of debt.

I am also under a lot of pressure because of my debts.

Can anything else be done??

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[User_30c75a06]

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User_30c75a06
PARTICIPANT
May 8, 2026 at 8:42 am

Can’t help. But check if that person is lying or he might have invested somewhere.

ask to show the proof of money lost in gambling.
You have no hope left.

I have lost 3 lakhs in a similar way. I forgot about it. but 1 crore 30 lakhs is huge amount

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[Desiknight9081]

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Desiknight9081
PARTICIPANT
May 8, 2026 at 8:43 am

Lawyer here. This may potentially amount to cheating, criminal breach of trust, and dishonest inducement. Apart from the ongoing court proceedings, you may also explore pursuing criminal proceedings for cheating and misappropriation if not already initiated, including seeking detailed investigation into bank transactions, gambling trail, hidden assets, benami holdings, or funds transferred to relatives or third parties. Even if he presently claims to have no assets, recovery proceedings can continue and future income, bank accounts, business interests, vehicles, or subsequently acquired properties may potentially be attached during execution proceedings if you ultimately obtain a decree or conviction-linked compensation order.

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[User_f7e76480]

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User_f7e76480
PARTICIPANT
May 8, 2026 at 9:09 am

court proceedings move faster than police proceedings. right?

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[Desibear2581]

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Desibear2581
PARTICIPANT
May 8, 2026 at 8:53 am

1)What court proceedings have you initiated ?
2)How was the money given ( white or cash)
3)What was the interest promised ?
4) How much has he repaid ?
Lawyer here.
Can help but need to understand the full story.

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[User_86084147]

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User_86084147
PARTICIPANT
May 8, 2026 at 8:55 am

Where are you based? You can get in touch if you need help, lawyer here.

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[Pronimesh3885]

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Pronimesh3885
PARTICIPANT
May 8, 2026 at 8:58 am

What do you want to hear from.here? Your post already clarifies he has nothing.

My suggestion is to let the legal process take its course and if you get anything out of it, take it as a consolation prize.

Focus on reducing your own debt liabilities asap to ensure your credit remains in good order. Take it as a learning for all future temptations by anyone for earning easy money.

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[User_032eda35]

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User_032eda35
PARTICIPANT
May 8, 2026 at 9:07 am

TBH Greed is the major issue. Yes trust is always a factor that comes into the picture. And I have seen many such posts where people fall in a trap of Greed trusting their friends family or relatives. I really empathize and sympathize with you.
But if someone who in a genuine need would have asked, no one would have invested or lended him the helping hand.
Many people I see post that they lost money in trading, gambling it is all because of Greed.
You may not be able to do much if their family files for a bankruptcy.

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