My question involves personal finance in the State of: California
I invested 100k on 3/1/2012 to a guy who had a business plan for opening a mortgage company. Since I brought the money to the table and he had the business plan we were going to be 50/50 owners of the company. I had a written up contract by a lawyer for the investment in which we would be given a 10k salary each month and the business was to be opened up by May 1st. If the business was not opened up by May 1st I could issue a cease and dismiss order and have all monies given back. The guy I invested in did not get the business opened in time and came to find out he didn't even set up the DBA for the company name nor a business bank account. He put the 100k initially into his fiance's account.
In the middle of May I had my attorney email him the cease and dismiss order in which he never replied. He moved different homes in April and I do not have his new address so I can not track him down. he will not return my calls or emails. he breached the contract and has gone MIA. Further more, I have a contact at BofA who looked into the account the 100k was put into and he has drained the account probably putting the 50k (that should be left over) into another account.
He has seem to have done some illegal things among immoral. How do I try to get my money back and have this guy taken down?
A friend in need!