29 December 2008
I invested all my money in a fraudulent business, what should I do?
Posted by admin under: Books & Authors .
I had won the Kennedy Memorial Scholarship to Harvard and later, the Wister Prize for Mathematics, the most sought-after award in the mathematical faculty. I graduated from Harvard, applied for the fellowship in Oxford, and became a a visiting Fellow at Magdalen College. I am a scientist and know very little about business, so, when a friend – not a close friend, just a guy I coached in math in Harvard – David Kesler arrived to Britain and told me about a wonderful company he worked for, Discovery Oil, I became interested. David told me that they had a fantastic strike in the North Sea, and when they announced it, I would make a killing of a lifetime. My father died the previous year, and left me $250,000. I read the geologist’s report, and invested all my money into this company. It was supposed to be for one month. Then, I read in The Daily Telegraph of the collapse of Discovery Oil. I rang my broker, and he confirmed it. David Kesler vanished without a trace. What should I do?
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3 Comments so far...
gormenghast10014 Says:
31 December 2008 at 12:17 pm.
Like your daddy used to tell you, Stevie, Don’t Get Mad, Get Even.
Eirwyn McGilvra Says:
2 January 2009 at 2:48 pm.
File a police report. Unfortunately there isn’t much else you can do. I’m really sorry this happened to you. Scams like this have been happening for decades. The best way to avoid situations like this would be to either not invest, invest in something you trust and know or if a friend tells you to invest in something make sure you only do it if you trust that person 100%. If you gave them that much money in cash, would you trust them to bring it back to you in whole or with interest added? That’s the question you should ask yourself in a situation like that.
artful Says:
3 January 2009 at 1:46 pm.
Hi, it’s good to see you are still posting these conundrums. Why don’t you write a best selling novel about it?