Recovering Money

I had to look into whether a couple of people might be able to recover about $750,000, some of which they lent to a non-existent Singaporean company.

When the first $600,000 was lent, the person they were dealing with was an undischarged bankrupt. I expected them to tell me that he had failed to disclose that he was an undischarged bankrupt, but he had. He was obviously a very talented charlatan.

While he more than likely obtained the money by deceit, and may end up in gaol for fraud, it was doubtful that he had any money that could be attacked, so it was not worth wasting more good money by chasing him.

If you found this article helpful, please consider providing a Google Review and/or like us on LinkedIn. For help and advice on the prospects of success in chasing money, or the lack thereof, and other disputes, see Michael Paterson & Associates (08) 9443 5383 | www.patersons.com.au

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