I Regret Lending Money to Friend - Please Help

FareEvader on 04/09/2021 - 12:31
Last edited 04/09/2021 - 14:00 by 1 other user

I'm looking for advice on how to recoup funds I lent to a friend.

My friend asked to borrow $10k to pay legal fees related to the settlement of an investment scheme. I regret lending him money because my gut tells me that I won't get my money back. I trusted my friend and didn't do my due diligence - this is was my mistake. He said he'd return my money within 1 week and it's now going on 4 weeks.

1st red flag - after sending him the funds (Saturday), he asked me for another $7k the very next day!! (Sunday). He said that he sent the $10k to his friend (who I don't know), whom is also in this investment scheme to pay for the legal fees. However, his friend's doctor/hospital took $7k out for "cancer treatment". WTF?! Doctor's just don't direct debit $7k on a Sunday, they'll usually call and ask for your card details. Even so, who doesn't have the money ready for their life-saving treatment?! I said no and he had the nerve to ask me to ask my parents…

2nd red flag - he says things like "Don't lose sleep, I'll take you to Nobu and on a shopping spree once the money settles" and "just a few more days, trust the process" This comes off very charlatan-like and rather evasive, not very assuring at all. I get the feeling he is only saying this to keep me calm.

I'd appreciate any advice on how to best approach the situation. I want my $10k back and I don't care if the friendship is over. I am stressed out and it's affecting my job/work and personal relationships.

TLDR: Lent friend $10k for "legal case". Gut tells me that he is a degenerate gambler. How to get money back.

Edit 1: I already feel shit as it is. If you don't have anything constructive to say, please gtfo.

Financial

Comments

  • [Deactivated] on 05/09/2021 - 09:54
    +1

    I think you're a good person OP, I have lent money out to friends as well as yes, most never paid back but for those who did, I'm glad I was able to help them out when others wouldn't. It's sad that people would take advantage of others and that's exactly what's wrong with the world. You did what you thought was right out of kindness, like others have said, take it as a learning experience and be a bit more diligent next time.

    • Kamsi on 05/09/2021 - 10:08
      +1

      I'm glad I was able to help them out when others wouldn't.

      Yep, help out a school mate know him from primary school, got money problem due to poor decision in life. He had brilliant family, he work his gut out to provide for his kids. Normally, he'll never ask me anything for help but one day he approach me I was hesitated at first because I know the chance for him to pay me back was pretty much zero but I took the gamble and I loan him the money. It wasn't huge by any means but it did help him pay off his debts and bring back his life back. He did pay me back in the end though.

      All the percussion I did was just a piece of paper with IOU signatures.

      • [Deactivated] on 05/09/2021 - 10:44

        I have had similar experiences. It's funny thinking back, it was always the ones I never expected to pay me back one day rock up with the money and how it helped them when I thought they just wanted it for paying bills or something worse. Honestly, sometimes I felt for taking it back because it was like I already parted with it but I did anyways because I think it showed they were taking responsibility for their lives. Then there are those who come up with sad stories like in OP's case and emphasise that they will definitely pay you back are those that never do hahaha. But in OP's case, I guess from experience this was definitely suspicious, I just hope he learns, that's all.

  • amhsavage on 05/09/2021 - 09:58

    @FareEvader do you have anything in writing referring to the deal, e.g. email or text? Either way, contact a solicitor for advice. The solicitor may be able to prepare a letter of demand for you. However, if this person is a problem gambler, chances are they won't have any assets left to sue.

  • OzHunterNSW on 05/09/2021 - 10:28

    Hahahaha… couldn't you see the RED FLAGS?

    Investment (GAMBLING) and medical fees!

    You do have this all in writing, don't you?

    You did have your friend sign an agreement, didn't you?

    You didn't give the extra 7k, did you?

    Your friend somehow knew you had money (why did you tell them?) and see you as a TARGET. The old arm upon the shoulder, she'll be ok, pat pat.

    Is this person even in Australia?

    Your only option is to prepare all your evidence that you even gave this individual, any money: Bank statements, transfers, etc. All records of conversation, and AGREEMENT.

    If they fail to pay, you take them to court (you don't need a solicitor - remember that, you do not need legal representation) you are representing yourself, and presenting your case, with all the evidence. The court will determine, based upon your submission whether the other party needs to pay you, with interest!

    • sardines on 05/09/2021 - 10:37

      I borrowed 5K for medical fees/emergency operation but i suppose mate visited me in hospital after i got out of ICU (2020 when you could still have on visitor per day in hospital) so knew it wasn't some elaborate plan :) When i borrowed the money we didn't write anything up but i suppose we knew each other since primary school and knows of all my stoopid heath issues

      • [Deactivated] on 05/09/2021 - 23:49

        Did you pay back?

        • sardines on 06/09/2021 - 13:55

          yes - $100 per pay and offered to pay a little interest on top due to time taking paying it back

  • netjock on 05/09/2021 - 10:33

    Don't lend money to people who can afford to invest in Investment schemes.

    Think about it. If they win they take all the profits. If they lose they come to you for a bail out?

    You probably won't see any money back but at least they didn't take you for a lot more.

  • Flirt69 on 05/09/2021 - 10:44
    +2

    If you lend money to a friend be prepared to lose either the money or the friend or even both!

  • dogboy on 05/09/2021 - 10:52

    People say violence isn't the answer, but how many of these OzBargain scenarios could be so easily resolved through the use of bikies?

    • popsiee on 05/09/2021 - 13:07
      +1

      The threat of violence has a lot of power .
      But crossing the line could get you in a lot of trouble if it goes to far .

    • funnysht on 05/09/2021 - 17:50

      A lot do suggest it but who actually follows up on it.
      If you've been here a while you'll see most of my polls have an extra choice of something something OLED tv.

      I don't even have an OLED tv.

  • lew380 on 05/09/2021 - 10:53

    If you didn't know whether this friend was a gambler or not, were they really a friend that you would lend money too. Maybe your overthinking it? They might come through in the end, if they don't,worrying about it and pestering the scamming friend won't change anything. An expensive lesson but don't freak out just yet.

  • mezje on 05/09/2021 - 10:56

    Trust the process is something only people with horrendous ideas seem to say.

    Stated elsewhere - never mix money with friends or family.

  • herecomestheoost on 05/09/2021 - 11:02
    +1

    Whilst I have no advice for you, I am so sorry that has happened. I do know the feeling on a smaller scale (many times)

  • BadGiraffe on 05/09/2021 - 11:02
    +3

    Happened to me. I'm never going to see the money again. I'm never speaking to him again. He used me, so F@#$ him.

  • fruxo on 05/09/2021 - 11:10
    +2

    I would try and have a face to face. If you are calm and try to get him to agree to pay $x on every pay day (make sure it's clear which days he gets paid) and you might have a chance of getting some money back. Sounds like he has a job. But if you ask for a $10k lump sum he will never be able to get to that point.

    Get him to sign something (just something very simple you draw up so you have some trace for later). As angry as you are, I doubt anger will get you anywhere. He probably owes a lot of people money so that will probably just put you at the end of the line of potentially getting anything. Assume you won't get anything back, but don't give up.

  • beefmaster on 05/09/2021 - 11:40
    +4

    My friends know I do not lend money so never really asked and they consider me rather stingy because of it. But guess what? We are still friends.

    I knew if I had lend money then we would not be friends now.

  • John on 05/09/2021 - 11:51
    +1

    As others have said, you can consider it gone (just prepare for the worst). But do give him the option to make a manageable repayment. Ask him what he can afford and stick with, even if its $50 a week. It might take years to get it all back but fingers crossed he sticks with his promise.

    If he can’t even keep up with that then consider it very expensive lesson learnt and move on with your life. Don’t give anymore stress to it as it’s not gonna do any good to you.

    Best of luck OP

  • bobolo on 05/09/2021 - 12:10
    +1

    $10k lesson….expensive lesson….but one well worth learning

    I only lend money to friends/family without expecting to get anything back. Even then I will ask many many questions specifically about what they are doing with the money and why they want it. If they don't answer, they don't get the money. Simple as that. And the only valid reasons are if they have a genuine need for it - in that case, I would consider it a donation and wouldn't be too fussed if I got the money back or not

    If you are also the type of person to worry constantly about getting your money back and "feeling like shit", then that means you shouldn't have given it out anyway. That or you gave out way beyond your means

  • redhedd2020 on 05/09/2021 - 12:15
    +29

    I feel for you, it is an awful and very stressful situation. I lent money to a friend years ago, no contract, it was just a verbal agreement.

    I got it all back, plus interest through the NSW small claims court. She said she would give me interest so I added it into the total owing.

    It took about 3 long stressful months. She was a mum at my son's school so I had to see her which caused even more stress! I tried texting and calling but she would never reply.

    After 6 weeks of nothing from her, I lodged the form (around $78 from memory) and got my ex to serve her the papers which she never acknowledged. Totally ignored!

    So I went back to the court and found out what my next step is. The person at the courts was so helpful and I asked a lot of questions.

    I can't remember if there was another set of papers I had to file before the claim actually went into default.

    Once the claim went into default, my next option was to either send the sherriff around to confiscate her belongings, garnish her salary or garnish her account.

    I chose the latter as her stuff was total trash and she didn't work. This involved filing another form through the court and sending it to a specific department of her bank institution.

    You need to know the person's name address and who they bank with, but even if you didn't know the exact bank you can send this garnishing order to all the banks until you get a hit.
    I was told the bank will keep garnshing the account and keep sending you cheques until the debt is all paid up.

    I ended up getting a cheque for the whole amount including the interest. I was hoping that she choked on her cigarette and coffee when she looked at her account and saw all that money just disappear!

    My personal motto now?? I don't lend money to friends and family, ever, unless it's a gift.

    Good luck! I hope you get your money back!

    • dogboy on 05/09/2021 - 12:27
      +12

      Well done for seeing this through.

      • redhedd2020 on 05/09/2021 - 12:39
        +11

        Thanks! It was so stressful at the time!

        I still can't believe she had the audacity to do this to me after being one of her only friends for years!

        She had no one and I felt sorry for her. Never ever will I do this again, and it's made me very selective about who I choose to be associate with.

        I learnt a lot of lessons from this experience.

        Oh..I forgot to add…I added the cost of filing the claim to the debt so she ended up paying! haha

  • Kezzababy on 05/09/2021 - 12:20

    I'm sorry that you are in this situation. I hope we see a post down the track that you got your money back. Maybe assume you won't get it back but if you do it's a plus

  • Lucille Bluth on 05/09/2021 - 12:24
    +2

    I'd be too embarrassed to ask for a loan from friends, even family. Because I know I would never lend them money.

  • adam on 05/09/2021 - 14:18
    +1

    Talk to the person, say you're concerned about nothing being paid back and agree to some sort of payment plan (I know you want it all back now but better to have a payment plan in place then get nothing). Whatever payment plan they agree to, set it up & get it in writing with their signature on it. Now when they don't comply to the payment plan you can go to court with the paperwork.

    If they refuse to agree to the payment plan… well at least you've got closure & know they don't intend to pay.

  • magikz on 05/09/2021 - 14:48

    Are you prepared to confront him in person?

    • FareEvader on 05/09/2021 - 15:40
      +4

      Yep no issues will be making a trip to his house next week

      • magikz on 05/09/2021 - 17:38

        All the best, I hope you have a good outcome. Some people are not the people who they present themselves to you, but I applaud your instincts from all the red flags.

  • j00828 on 05/09/2021 - 15:05

    Doesn't matter how good your friendship are, when it go with the money. Friendship are likely to break. so just don't lend money to friend.

  • yyhazy on 05/09/2021 - 15:16

    Depends on which states you are in you can likely recover the money in a small claims court. You can engage a solicitor or do it yourself. You just have to decide yourself if the efforts are worth it.

  • this is us on 05/09/2021 - 15:21

    Mum's friend borrowed some money he was going to pay in three months. It was pretty straightforward but he's been saying "next month I will pay everything" for three years. I told my mum she shouldn't lend the money but she didn't want to compromise the friendship saying "no". I truly believe in the initial borrower's intention but right now it's just ridiculous the same "next month". I told mum she should not count on having her money back… Ever…

    I'm not comfortable involving money in friendship, and fortunately I've never had to.

  • Yotta00 on 05/09/2021 - 17:09
    +1

    Medical fees wtf. Tell him goto medicare next time.

  • mr_asstight on 05/09/2021 - 17:16

    Rule #1: NEVER lend out money, EVER. If you do expect it gone.
    Rule #2: If you do lend out money, check if it's an actual EMERGENCY.

  • funnysht on 05/09/2021 - 17:46

    He said he'd return my money within 1 week

    You should said then wait a week and pay their lawyer/etc with some interest

  • FittyFitty on 05/09/2021 - 18:03
    +3

    A friend in need is a friend indeed; a friend with weed is better…

  • moo on 05/09/2021 - 18:43

    Say OP, is this friend of yours…’friends with benefits’?

    moo on 05/09/2021 - 18:43 (Collapsed - Offtopic. Show)
  • Holiday10 on 05/09/2021 - 19:14
    +6

    This happened to a friend as well. It was a work colleague. Asked to borrow $10k, said it was for a family medical emergency. My friend didn’t lend the money. Later found out the guy was asking for loans from other colleagues as well and he was a gambler and racked up debts. It’s a common scenario.

  • TheBean on 05/09/2021 - 19:51
    +4

    I lent $10k to a friend a long time ago, considered it gone but followed up every now and then. He eventually paid me back over ten years. I guess every relationship is different but you must have judged something of worth in that person to pass on that money.
    Sadly I'd consider it gone. If he's cheating you $10k that's the value of that friendship. Kind of a lesson learnt? You won't have him screwing up your life in the future.

    • FareEvader on 05/09/2021 - 21:00
      +1

      10 years… wow.

      • TheBean on 06/09/2021 - 12:03

        Well I knew he was a good person who had made bad choices. He need to dig himself out of a hole and demanding all of the money or large portions in one go would not be possible and would not help him… Anyway like i said i considered it helping a friend who i'd hope would do the same for me and figured it was gone money.

      • nobro25 on 06/09/2021 - 14:51

        Better late than never.

  • bryans on 05/09/2021 - 22:11
    -1

    OP grow a pair of balls and demand money back from your friend or else.

  • misterpotatomato on 05/09/2021 - 23:08

    This may not be helpful but have you considered writing your story on something like Medium, and joining the Medium partner program to get paid for it? You won't make the full 10k back but life stories like this can do well on there.

    An offbeat suggestion, but maybe worth considering.

  • Greem85 on 05/09/2021 - 23:46

    Um, did you sign any agreement with that friend, before handing over the money?
    - If you did, good on you - still got a handle on getting that money back.
    - If you did not - probably lost that money now.

    Anyway, keep history of all communication with that guy. Start a physical notebook, where you note down all events with dates and times, plus any other evidence you can think of. Might be useful, in case you end up wrestling for that money back.

    Regardless of what you will do: you just lost a friend, because you will always view him through the lenses of that event. Trust is hard to earn, and instantaneously lost if mishandled. How laid back will you feel in presence of someone who took your money, immediately asked for more with BS excuse, and then took ages/never did return it?

  • hueylewis on 05/09/2021 - 23:48
    +4

    You are also unwittingly putting yourself in potential danger. There are many examples of people disappearing after loaning 'friends' large sums of money. If the 'friend' is desperate or ruthless or compromised or mentally unstable or drug affected etc they may sometimes consider a quick and easy way out of repaying is to remove the creditor.

    • popsiee on 06/09/2021 - 07:21

      Unbelievable so now OP has to watch out from being murdered ?

      • hueylewis on 06/09/2021 - 10:16
        +1

        Not unbelievable at all. I have seen it happen at first hand many times over my career, and over smaller amounts and more trivial disputes. I am saying it is a possibility, not a probability. You do not know what you do not know.

        • citybargainhunter on 06/09/2021 - 12:41

          What was your line of work again?

          • JimB on 06/09/2021 - 14:04
            +3

            @citybargainhunter: Music- rock star.

            • Skinnerr on 06/09/2021 - 18:35
              +1

              @JimB: Haha 😂

            • hueylewis on 07/09/2021 - 11:51
              +1

              @JimB: Law enforcement. What is your line of work? Professional Troll?

              • JimB on 07/09/2021 - 13:12

                @hueylewis: Financial Services thanks for asking.

                I understand there's danger everywhere, even just walking down the street, however 'You are also unwittingly putting yourself in potential danger' is a bit of a hyperbole.

                Of course you see it in your line, but what's the chances? Is it better not to ask for the money back rather than risk being killed for the debt?

                Should we not go for a walk outside in case we bet stung by a bee?

                • hueylewis on 08/09/2021 - 13:09

                  @JimB: Congratulations for confirming that you are a troll.

                  “Is it better not to ask for the money back rather than risk being killed for the debt?”
                  I never said that at all, now you are inventing false equivalence arguments. Fail.

                  ‘Should we not go for a walk outside in case we bet stung by a bee?’ Another logical fallacy. And you accuse me of hyperbole? Oh the irony.

                  “Everything is a risk.” Thank you for that pearl of wisdom, Confucius.

                  Sounds like the the advice you give your ‘clients’ when you answer the phone at your credit card call centre job in ‘financial services’

                  Perhaps if you were any good ‘financial services’ you would be independently wealthy enough to not have to spend your time on oz bargain looking for cheap KFC deals.

                  • JimB on 09/09/2021 - 09:40

                    @hueylewis: 'You are also unwittingly putting yourself in potential danger. There are many examples of people disappearing after loaning 'friends' large sums of money. If the 'friend' is desperate or ruthless or compromised or mentally unstable or drug affected etc they may sometimes consider a quick and easy way out of repaying is to remove the creditor.'

                    Given the OP cannot reverse what he has done, why don't you give him some useful advice since you work in law enforcement?

                    I don't work in a call centre, but if I did, is there anything wrong with that? The world would fall apart without those guys.

                    I go on OZB to kill some time. Of course I strive to be independently wealthy but hey, gotta have a day job before I achieve that.

                    • hueylewis on 14/09/2021 - 07:27

                      @JimB: “Given the OP cannot reverse what he has done, why don't you give him some useful advice since you work in law enforcement?”

                      Here is an idea, instead of YOU trolling around and giving YOUR OPINION on OTHER people’s advice, why don’t YOU give some advice to the OP?

                      I have offered OP some, why don’t YOU try it?

                      Let’s see what YOU have to offer, apart from your witless sarcastic “Music- rock star.” quips.

                      Otherwise STFU.

  • OwMeKnees on 06/09/2021 - 08:54

    The money's gone mate, the sooner you make peace with that, sooner you'll feel better.

    I dont lend money to friends and family, I just treat it like a gift. If you get paid back then its just a nice surprise.

    • [Deactivated] on 06/09/2021 - 11:47

      It's gone, but I think he should kick up a loud fuss. The crook takes advantage of everyone being quiet and taking it as a lesson learnt, and move onto their next "friend."

  • skew on 06/09/2021 - 09:07

    Maybe just threaten with lawyers to try get him to pay. The friendship is gone in any case.

    Can also send reminders everyday by email and txt.

    Contact his parents, family and other friends to let them know what sort of person he is. Refer him to gambling assisting services.

    Have low expectations. Good luck

  • surg3on on 06/09/2021 - 09:30

    Im sorry man but it might be best if you consider this an expensive lesson. It'll stop you becoming a stressed out hate filled mess.

  • ghostkkz on 06/09/2021 - 09:36
    +1

    Move on I did the same and the guy ended up in prison after avoiding me for 3 years, still haven't been able to recoup the $15k money lent out. Just try to move on in your head the quicker the better, police won't interfere, too small amount to go to court for etc. After this you will treat and look at friendship differently, you'll get wiser in choosing who to spend time with and you will also be able to identify liars better. I treated it school fees.

  • aurotaro on 06/09/2021 - 10:14

    When you hear the word 'scheme' - it never leads to a happy ending.

    Good luck my friend; one for the life lessons learnt register.

  • Big Lenny on 06/09/2021 - 10:31

    owe money where im from and they rock up to your house with machetes

    • Skinnerr on 06/09/2021 - 18:38

      Blacktown?

  • trapper on 06/09/2021 - 10:44
    +6

    If a bank won't give someone a $10k personal loan, then there is a good reason for that, so you shouldn't either.

    • markga on 07/09/2021 - 12:03

      I was just thinking the same thing, the bank/financial institution deems someone as a bad risk and wont lend them money, that tells you something.

  • sleet on 06/09/2021 - 11:05
    +3

    Even if you don't get it back, time will heal all wounds.

    I 'lost' 50k to my sister. She ended up selling her house to pay back multiple debts including mine because of her gambling husband. They're finally separated now.

    After a year, I wrote off the loss. It is not easy to do but for your own mental health and well-being, you need to find a way.

  • [Deactivated] on 06/09/2021 - 11:45
    +1
    1. Your friend is a gambler. If it was for business he would get a loan from a lender.
    2. I'm sure he used lot's of emotional blackmail on you. If you say no he will say "How are you, you are black hearted!!"
    3. Please don't just shut up and treat it as a lessen learnt! He is moving onto his next victim! Cycle continues. Stop him in his tracks now!!!!!!
    • trapper on 08/09/2021 - 12:43

      It's easy to say no and keep your friendship too.

      You just say 'look mate I love you like a brother, but I'm not giving you money to enable your gambling addiction, sorry bud.'

  • orly on 06/09/2021 - 12:16

    Have you tried the direct approach to tell your friend that you're losing sleep, it's affecting your relationships and it's been over a month since you lent him the money? Ask for at least part payment if he can't transfer the whole amount back, if he can transfer half of it now.

    If that doesn't work, you might need to resort to asking someone else of authority to step in, for example, that person's parents or guardian.

    Didn't read through all the comments so apologies if already addressed.

  • AMLagonda on 06/09/2021 - 12:19
    +3

    My sister in-law borrowed $60-70 thousand dollars from my Mother in-law THAT WAS LIVING with them at the time,

    they got the money and kicked her out and have now shut off all communication. This was HER OWN MOTHER wtf.

  • Munki on 06/09/2021 - 12:45

    Username checks out for friend.

  • cyrax83 on 06/09/2021 - 12:51
    +2

    I lent around $1k to a good workmate friend who was in dire straights and could barely afford to pay rent. They never paid me back and left the company. Now completely ghosted. I've taken it as a life lesson and moved on.
    I was considering taking legal action in small claims court, but I had no way to know where they lived to serve them papers. In the end I just put it in the too hard basket and moved on.

    • trapper on 08/09/2021 - 12:46

      For a workmate I would just ask for collateral. If he doesn't pay you back you get to keep his new TV or whatever.

      Make sure it's worth considerably more than the amount you loaned.

  • mrhanky71 on 06/09/2021 - 13:27
    +1

    keep us updated OP!

    • FareEvader on 06/09/2021 - 16:23
      +4

      I certainly will.

  • Alzori on 06/09/2021 - 13:53
    +11

    This is why I am glad I played RuneScape growing up and got scammed a few times as a kid. That dark bow and full addy armour left a gaping hole in my soul that would always keep me aware of scams afterwards.

    • Jamiea on 07/09/2021 - 14:46
      +2

      Free armour trimming!

  • burns13 on 06/09/2021 - 14:08

    Feel horrible for you, this sounds shady as hell.

  • screensaver on 06/09/2021 - 14:31
    +2

    Well my friend loaned me 10k as we knew that I had money coming in the future. As soon as the money arrived, I paid him and he kindly told me to keep 1K as he was working and I was not. So some people do pay you back, But yours does not sound promising Im afraid.

    • Munki on 06/09/2021 - 14:49
      +4

      Did you take them to Nobu and go on a shopping spree after though?

      • screensaver on 06/09/2021 - 14:52

        no he is a long term friend and loaned the money over a period of time, knowing that I had money coming in the future.

        • hihi on 16/09/2021 - 23:51

          i wish i had a friend like you. My trust in some people gone long time ago, i lent some money to a few friends and wont ever hear from them again

  • geosta on 06/09/2021 - 17:19
    +1

    Not sure if anyone else has mentioned this (I'm not reading 5 pages of comments) but to me this reads like your friend has been the vicitm of a 419 scam and has now dragged you into it as well. It usually goes like this:

    1. 419 scammer #1 takes lots of money off you

    2. Once 419 scammer feels like he has bled you dry, he'll sell your details onto Scammer #2

    3. Scammer #2 pretends to be a lawyer who has found out you've been a victim of Scammer #1 (who was recently "arrested", which is why they haven't been responding to your increasingly frantic messages).

    4. Scammer #2 says that when the police arrested Scammer #1, he had lots of money in his bank account which is now frozen and if you want to claim some of it back, you'll need to launch a legal action, which he can facilitate for you. You'll just need to provide $500 for court costs.

    5. Scammer #2 keeps bleeding you until they think you're dry, then he'll sell your details onto Scammer #3 repeat ad nauseum.

    Maybe it's worthwhile asking for more details about this "investment" he's involved with.

  • Juddwah on 06/09/2021 - 17:58
    -7

    Don’t post your stupidity on a public forum if you don’t want to be mocked…

    • screensaver on 06/09/2021 - 21:43

      a public forum gets the good, the bad and the UGLY…….

  • harthagan on 06/09/2021 - 18:45

    There is more to this story than we are being told.

    No one lends out 10k to a "friend" for a scheme and then contemplates that said friend could be a degenerate gambler after they fail to repay the debt. Sorry I'm not buying it.

  • dreamscene on 06/09/2021 - 19:25
    -1

    His 'friend' bought some Dogecoin at 60 cents…..he will not get the money back until 2023 when the next Crypto cycle will peak.

    • Skinnerr on 06/09/2021 - 19:52
      -1

      The gamestop saga was quite an eye opener for me on how big money and in turn the media surrounding it work when I see the daily 'dogecoin about to moon' esc. articles near daily on Google.

      • dreamscene on 06/09/2021 - 21:49
        -1

        Welcome to the manipulation. How the rich control the markets. I hope I knew the game when I was in high school, alas, they don't teach this 'financial mumbo jumbo' in school.

        • Ughhh on 06/09/2021 - 22:17

          How the rich control the markets

          Wasn't it redditors who had the rich hedge fund billionaires by the neck?

        • Skinnerr on 07/09/2021 - 00:32
          +1

          they don't teach this 'financial mumbo jumbo' in school

          This is by design. Chances are you went to public school, like me. If you went to a private school we would've been better educated on hoarding our wealth.

          • lookingforTV on 07/09/2021 - 00:48
            -1

            @Skinnerr: Both public and private teach Australian Curriculum. Doubt it has anything to do with private but luck you get with the teachers… though I acknowledge private schools will less likely to have dead beat teachers..

    • dji1111111 on 07/09/2021 - 00:13
      -1

      Yeah sure. How do you go from someone seeking help with recovering money lent to a friend to someone who thinks he has a crystal ball to predict when crypto market will peak? How about you keep it to twitter if you feel the need to be another "xxxx coin will hit $xxxx in [insert date]" random guy online.

  • Leeroy Jenkins on 06/09/2021 - 21:20
    +4

    It sucks balls to lose money. I've lost a lot more money than that from investment before.

    I have to say you need to consider that money already gone, and try not to stress over it, I know it's hard cuz when I lost a big amount of money (a lot more than $10k), I couldn't sleep, couldn't focus on anything for days upon days. I forced myself to not think about it and after maybe a month, i was no longer that obsessed. I did make a lot more money back later, so in the end all that stress was sort of for nothing.

    What's important is you need to make sure you don't make the same mistake again. Money is something that serves you, you should't let it dominate and consume you. Try to let yourself be happy, do something fun, time will heal the wound.

  • dji1111111 on 06/09/2021 - 22:03
    +2

    Don't think you will see your money ever again I'm afraid. Just have an honest conversation and cut his BS as soon as he starts to BS and get him to spill the beans.

    On a side note, why do idiots feel the need to make a joke on every single thread? Trust me, you are not funny so don't waste your time squeezing your brain to come up with something you think is funny. Surely there is something more productive you can do than trying to feel like you have made random people online laugh.

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