All Forums | Penalty Box

Conned by a fellow Covers' member!

...
Participants:
Search model icon
Views: 9181
Posts: 245
 
MVP
Participation Meter
Joined: Dec, 2006
Posts: 17534
Posted: #51
Quote Originally Posted by cd329:

Why in Gods name would you give anybody you have never met and know personally any money?
First thing is how the hell do you even know the license he sent you is actually who you were talking on the phone to? Did you ever think hes got a bunch of stolen id's and just does this kind of stuff to everybody.
Also on a promissory note, i thought that both parties had to sign the note together{because both are witnesses} and that usually having a third party to witness the signing is a good idea.  Also collecting on a promissory note isnt all that easy.  All the person has to show the judge is that he was under distress and good bye money. I have to believe signing the note because of repaying a gambling debt is enough distress, besides being illegal.
All this guy has to do is tell the judge that you are a bookie and you threatened him to sign this note and say goodbye to your cash and the whole thing might shift to you being in trouble
Couple of phone calls to the police or FBI and guess what you are the one having all of your shit looked into.

I really never thought you were a lawyer and making a stupid move like this that could backfire and put you in trouble, gives me my doubts once again.


My advice to you is just forgot about this whole thing and chalk  it up to you being very stupid and move on with your life. Also i wont report anything to any financial planner board either, because like i said already he can flip the switches and say that you were a bookie and you threatened him into signing that note, which you never signed together.



Sorry but i think your screwed here.

Good luck thou with whatever you do

cd


Thanks...I know we haven't always gotten along but thanks for your advice..

Let me clear up a few points:

It is his drivers' license. I have met him.

Promissory notes only need to be signed by the party that owes the money.

It is not a valid defense to a signed note that a person was under stress. In this circumstance, the guy wanted to borrow more money from me and I told him the only way I would do it, is if he signed a note acknowledging he would start repaying what he owed me. It's certainly not stress as he wanted to borrow more money and he simply could have said "no, forget it."

The fact that he lost money gambling is his problem. The fact that I lent him money doesn't mean I have done anything wrong. Example: If I lend you $5,000 and you sign a note and then go buy cocaine, have I done anything wrong?

Putting that all aside, why wouldn't I at least file a complaint against his financial planning license so he can't renew his license?


 
All-Star
Participation Meter
Joined: Feb, 2008
Posts: 11794
Posted: #52
Quote Originally Posted by GameHunter:



Thanks...I know we haven't always gotten along but thanks for your advice..

Let me clear up a few points:

It is his drivers' license. I have met him.

Promissory notes only need to be signed by the party that owes the money.

It is not a valid defense to a signed note that a person was under stress. In this circumstance, the guy wanted to borrow more money from me and I told him the only way I would do it, is if he signed a note acknowledging he would start repaying what he owed me. It's certainly not stress as he wanted to borrow more money and he simply could have said "no, forget it."

The fact that he lost money gambling is his problem. The fact that I lent him money doesn't mean I have done anything wrong. Example: If I lend you $5,000 and you sign a note and then go buy cocaine, have I done anything wrong?

Putting that all aside, why wouldn't I at least file a complaint against his financial planning license so he can't renew his license?



Will that get your money any faster?

If not- then it is out of spite, and possibly principle......



 
MVP
Participation Meter
Joined: Dec, 2006
Posts: 17534
Posted: #53
Quote Originally Posted by Dsn150:


Will that get your money any faster?

If not- then it is out of spite, and possibly principle......





Exactly.....or I can file the complaint and sue him simultaneously.
 
Rookie
Participation Meter
Joined: Apr, 2011
Posts: 562
Posted: #54
Quote Originally Posted by GameHunter:





Putting that all aside, why wouldn't I at least file a complaint against his financial planning license so he can't renew his license?



You should do that and call him out.. at least.

Ill be checking this thread to see how it goes and to see who is this bitch..

Good Luck Gamehunter 


 
MVP
Participation Meter
Joined: Dec, 2006
Posts: 17534
Posted: #55
Quote Originally Posted by bbitw:


You should do that and call him out.. at least.

Ill be checking this thread to see how it goes and to see who is this bitch..

Good Luck Gamehunter 





 
All-Star
Participation Meter
Joined: Feb, 2008
Posts: 11794
Posted: #56
Quote Originally Posted by GameHunter:



Exactly.....or I can file the complaint and sue him simultaneously.

There is your answer.....


Spite is a self-destructive action- 

Make sure the point is to recover the money, not punish the thief......



 
MVP
Participation Meter
Joined: Dec, 2006
Posts: 17534
Posted: #57
Quote Originally Posted by Dsn150:


There is your answer.....


Spite is a self-destructive action- 

Make sure the point is to recover the money, not punish the thief......





I am leaning towards this....putting together the complaint and the lawsuit...sending a polite letter to his father, brother (who he lives with) and sister with copies of both asking for their help as I don't want to cause harm by filing against him and seeing if they will help and if i get no response, officially filing both.
 
All-Star
Participation Meter
Joined: Feb, 2008
Posts: 11794
Posted: #58
 
Hall of Fame
Participation Meter
Joined: Mar, 2004
Posts: 23709
Posted: #59
Quote Originally Posted by GameHunter:



Thanks...I know we haven't always gotten along but thanks for your advice..

Let me clear up a few points:

It is his drivers' license. I have met him.

Promissory notes only need to be signed by the party that owes the money.

It is not a valid defense to a signed note that a person was under stress. In this circumstance, the guy wanted to borrow more money from me and I told him the only way I would do it, is if he signed a note acknowledging he would start repaying what he owed me. It's certainly not stress as he wanted to borrow more money and he simply could have said "no, forget it."

The fact that he lost money gambling is his problem. The fact that I lent him money doesn't mean I have done anything wrong. Example: If I lend you $5,000 and you sign a note and then go buy cocaine, have I done anything wrong?

Putting that all aside, why wouldn't I at least file a complaint against his financial planning license so he can't renew his license?




GH,
 Let me correct you on a few things.  First you say he has asked you to borrow more money after this whole promissory note thing. Do you have any proof of this or is it just your word against his?  If thats all you got , then you got nothing.

I dont know where you are seeing both parties dont have to sign the note, because every place i just looke on the net, says both parties need to sign the note and its usually best to have a third party to sign.

Next up yes if the person signing the note can prove he signed that note under any type of distress, then you lose. Allt he guy has to say is he placed bets with you and then couldnt pay. You threatened him and his family if he didnt sign the note promising to pay you the money back.  Sorry gh but you are a real longshot on this one, especially when its something like gambling.
Now if the guy borrowed the money to install a garage door and promised to pay you back, then you got some good proof.
Your fucked here.
On top of that all the guy has to do is make one phone call to the irs, saying you are a bookie. Do you want those people crawling up your ass, because they will find something on you.
Like i said since this involves a gambling debt, you need to just chalk it up as a loss and move on.
cd

https://www.wisegeek.com/what-is-a-promissory-note.htm
 
Hall of Fame
Participation Meter
Joined: Mar, 2004
Posts: 23709
Posted: #60
Quote Originally Posted by GameHunter:



I am leaning towards this....putting together the complaint and the lawsuit...sending a polite letter to his father, brother (who he lives with) and sister with copies of both asking for their help as I don't want to cause harm by filing against him and seeing if they will help and if i get no response, officially filing both.


I would just drop and move on.
2 phone calls. one to the irs and one to the cops and you will have your life turned upside down. Do you really want that? 
Do you want the irs looking over all your gambling transactions?

Sorry gh but you are in a lose lose one on this.

just move on and let it go
cd
 
Hall of Fame
Participation Meter
Joined: May, 2005
Posts: 27074
Posted: #61
Quote Originally Posted by Dsn150:


There is your answer.....


Spite is a self-destructive action- 

Make sure the point is to recover the money, not punish the thief......





It's to stop the thief from thieving more.
 
MVP
Participation Meter
Joined: Dec, 2006
Posts: 17534
Posted: #62
Quote Originally Posted by cd329:



GH,
 Let me correct you on a few things.  First you say he has asked you to borrow more money after this whole promissory note thing. Do you have any proof of this or is it just your word against his?  If thats all you got , then you got nothing.

I dont know where you are seeing both parties dont have to sign the note, because every place i just looke on the net, says both parties need to sign the note and its usually best to have a third party to sign.

Next up yes if the person signing the note can prove he signed that note under any type of distress, then you lose. Allt he guy has to say is he placed bets with you and then couldnt pay. You threatened him and his family if he didnt sign the note promising to pay you the money back.  Sorry gh but you are a real longshot on this one, especially when its something like gambling.
Now if the guy borrowed the money to install a garage door and promised to pay you back, then you got some good proof.
Your fucked here.
On top of that all the guy has to do is make one phone call to the irs, saying you are a bookie. Do you want those people crawling up your ass, because they will find something on you.
Like i said since this involves a gambling debt, you need to just chalk it up as a loss and move on.
cd

https://www.wisegeek.com/what-is-a-promissory-note.htm


Again, thanks.

Here's what I came up with:

Promissory note

A negotiable promissory note is an unconditional promise in writing made by one person to another, signed by the maker, engaging to pay on demand to the payee, or at fixed or determinable future time, certain in money, to order or to bearer.

Duress is a legal term often used in the criminal defense of a person to indicate that the person committed the action due to threat of violence or intimidation. This guy has countless emails back and forth with me asking to borrow money for many different business purposes. In addition, he acknowledges by email and in a signed note that I am lending him more money and he agrees to repay it and what he owes previously. He can't be under durress if he is coming to me to borrow more money for business purposes and I ask him to put it in writing. His emails talk specifically about what business purposes he needs to borrow more money from me.



 
Hall of Fame
Participation Meter
Joined: Mar, 2004
Posts: 23709
Posted: #63
Quote Originally Posted by lbcake:



It's to stop the thief from thieving more.


I disagree, gh is in a bad spot.  2 phone calls{cops and irs} and this whole thing is reversed. He needs to move on.
hes better off just hiring somebody to go kick the shit out of the guy, then trying to get his cash back.
 
MVP
Participation Meter
Joined: Dec, 2006
Posts: 17534
Posted: #64
Quote Originally Posted by lbcake:



It's to stop the thief from thieving more.


Agreed...if nothing else, I would be doing society a favor by doing my best to interfere with him doing something similar as a certified financial planner to anyone else.....
 
Hall of Fame
Participation Meter
Joined: May, 2005
Posts: 27074
Posted: #65
Quote Originally Posted by cd329:



I disagree, gh is in a bad spot.  2 phone calls{cops and irs} and this whole thing is reversed. He needs to move on.
hes better off just hiring somebody to go kick the shit out of the guy, then trying to get his cash back.


Like I've said before,I'm not American, so you may some merit. I've sued before under similar circumstances because the perpetrator was ripping off family and close friends, with no one doing anything about it. I said, enough was enough.
 
Hall of Fame
Participation Meter
Joined: Dec, 2000
Posts: 21183
Posted: #66
The only people I know in the horse racing forum are the destitute, Monday through Friday library-based Greyhound, and that thieving ass DJbrow.....he's always stealing my money.

Was it one of them?
 
Hall of Fame
Participation Meter
Joined: Mar, 2004
Posts: 23709
Posted: #67
GH,
 Just look at it if you were the other guy and what things you would do if suddenly you found out you were being sued?  Like i said the guy could lose in court and still turn around and call the cops and irs on you. Do you think the irs wont find even the smallest thing on you?

Playing with fire and all this could backfire on you.
cd

last piece of advice.  Never loan money to anybody you want to keep as a friend, because this is where it always ends up
 
MVP
Participation Meter
Joined: Dec, 2006
Posts: 17534
Posted: #68
Quote Originally Posted by cd329:



I disagree, gh is in a bad spot.  2 phone calls{cops and irs} and this whole thing is reversed. He needs to move on.
hes better off just hiring somebody to go kick the shit out of the guy, then trying to get his cash back.


But what could he say to the IRS or police....he has acknowledged in emails that I lent him money....he has begged me in emails to lend him money for business purposes....he has signed a promissory note.....I am not a bookie.....when he needed to borrow money on several occasions, I got it to him.....the IRS isn't going to do anything...I didn't make any income. I don't owe taxes on anything..I lost money here....if he could say anything to the police, then anyone borrowing from anybody else should say the other guy is a bookie...
 
MVP
Participation Meter
Joined: Dec, 2006
Posts: 17534
Posted: #69
Quote Originally Posted by The Giant:

The only people I know in the horse racing forum are the destitute, Monday through Friday library-based Greyhound, and that thieving ass DJbrow.....he's always stealing my money.

Was it one of them?


Nope...good to see you Gaint
 
MVP
Participation Meter
Joined: Dec, 2006
Posts: 17534
Posted: #70
Quote Originally Posted by cd329:

GH,
 Just look at it if you were the other guy and what things you would do if suddenly you found out you were being sued?  Like i said the guy could lose in court and still turn around and call the cops and irs on you. Do you think the irs wont find even the smallest thing on you?

Playing with fire and all this could backfire on you.
cd

last piece of advice.  Never loan money to anybody you want to keep as a friend, because this is where it always ends up


I understand what you are saying but I don't see what he can do...he's going to call the IRS, not having my social security number, not knowing personal information about me other than my name and tell them what? Why would the IRS care about me or what he has to say? I didn't do anything wrong....but I understand your point...it's a pain in the ass, but he has screwed me so in the least I can file a complaint against him so others don't get conned.
 
Hall of Fame
Participation Meter
Joined: Dec, 2000
Posts: 21183
Posted: #71
Good luck getting restitution, GH.


 
MVP
Participation Meter
Joined: Dec, 2006
Posts: 17534
Posted: #72
Quote Originally Posted by The Giant:

Good luck getting restitution, GH.





 
Rookie
Participation Meter
Joined: Apr, 2011
Posts: 562
Posted: #73
Quote Originally Posted by cd329:

GH,


last piece of advice.  Never loan money to anybody you want to keep as a friend, because this is where it always ends up

Good advice, happens ALMOST every time.. its hard to find a decent person/friend this days.. 
 
Hall of Fame
Participation Meter
Joined: Mar, 2004
Posts: 23709
Posted: #74
Quote Originally Posted by GameHunter:



But what could he say to the IRS or police....he has acknowledged in emails that I lent him money....he has begged me in emails to lend him money for business purposes....he has signed a promissory note.....I am not a bookie.....when he needed to borrow money on several occasions, I got it to him.....the IRS isn't going to do anything...I didn't make any income. I don't owe taxes on anything..I lost money here....if he could say anything to the police, then anyone borrowing from anybody else should say the other guy is a bookie...


GH,
 It doesnt matter that you arent a bookie. Dont you get it, its so easy to turn the tables on you. He calls up the irs and reports you as being a bookie and hiding money and guess what the irs takes that kind of shit seriously.  They are going to look to see if maybe you are hiding money. Same with calling cops.
Am telling you,if he does either thing, you will be sorry.

Let it go.
Sometimes people need to lose their money before they actually realize loaning money is usually a very bad thing to do.  Sometimes it destroys families and friendships.

Like i said i wish you luck, but i would just forgot about this one and move on with your life.

 
 
All-Star
Participation Meter
Joined: Feb, 2008
Posts: 11794
Posted: #75
Quote Originally Posted by lbcake:



It's to stop the thief from thieving more.


Well.....

I agree to a point-

But that doesn't necessarily get the money back.....
All Forums | Penalty Box
About Us
Contact Us
Careers
Our Team
Brand
Testimonials
Betting Guides
Sportsbook Reviews
Betting News
Podcasts
Responsible Gambling
Betting Sites
US Betting Sites
Canada Betting Sites
Canada Casinos
Best Betting Apps
Contests
Streak Survivor
King of Covers
Ultimate Race
Office Pools
The Covers community has
810,221
lifetime members worldwide
Covers 30 Years Logo Established in 1995,
Covers is the world
leader in sports
betting information.
21+
Gambling problem? Call 1-800-GAMBLER
Help Privacy Terms of Service Cookies Sitemap Forum
Covers is verified safe by:
Evalon Logo Logo GPWA Logo GDPR logo Logo GeoTrust logo Logo PCI DSS logo Logo
Copyright © 1995 - 2026 CS Media Ltd. All Rights Reserved.
If you choose to make use of any information on this website including online sports betting services from any websites that may be featured on this website, we strongly recommend that you carefully check your local laws before doing so.It is your sole responsibility to understand your local laws and observe them strictly.Covers does not provide any advice or guidance as to the legality of online sports betting or other online gambling activities within your jurisdiction and you are responsible for complying with laws that are applicable to you in your relevant locality.Covers disclaims all liability associated with your use of this website and use of any information contained on it.As a condition of using this website, you agree to hold the owner of this website harmless from any claims arising from your use of any services on any third party website that may be featured by Covers.