What is the name of your state?What is the name of your state? Minnesota
I borrowered $45K to a friend to bail him out of a cash flow crisis. He's the co-owner of a restaurant and according to him his credit card vendor was not turning the cash around fast enough when his patrans paid by credit card. He had state taxes due and would lose his liquor license if not paid by a particular date. He assured me the cash flow crisis would be resolved within 5 days and would repay the debt at that time. That was 5 months ago. Since then it came to light that he's been cheating on his wife and 4 children. He's been spending money like a king and hiding his activities from his wife. Meanwhile, his wife has been checking couch cushions for nickels to buy groceries. It's been 5 months and I've been payed $15K with $30K remaining.
So my questions are these:
With no written agreement do I have recourse?
Did I borrower money to him or his company? (The check was made payable to the State of MN for payment of the restaurants taxes. The co-owner of the restaurant, his brother, was aware of the agreement. With his financial problems it's probable he'll file person bankruptcy. I believe the restaurant will servive.)
If I've exhausted all of my efforts would I be violating defamation laws if I were to go to the media with the information I know about the cheating brother. (The idea of course would be to cause people to stop frequenting a restaurant who's owner basically walks out on his 4 children.) I also thouht of placing flyers on the windshields of the patrans cars as they dined at the restaurant explaining the type of person they are supporting by frequenting this restaurant.
If this in violating laws, what proof is required so that it doesn't, if any?
Signed,
Sucker
I borrowered $45K to a friend to bail him out of a cash flow crisis. He's the co-owner of a restaurant and according to him his credit card vendor was not turning the cash around fast enough when his patrans paid by credit card. He had state taxes due and would lose his liquor license if not paid by a particular date. He assured me the cash flow crisis would be resolved within 5 days and would repay the debt at that time. That was 5 months ago. Since then it came to light that he's been cheating on his wife and 4 children. He's been spending money like a king and hiding his activities from his wife. Meanwhile, his wife has been checking couch cushions for nickels to buy groceries. It's been 5 months and I've been payed $15K with $30K remaining.
So my questions are these:
With no written agreement do I have recourse?
Did I borrower money to him or his company? (The check was made payable to the State of MN for payment of the restaurants taxes. The co-owner of the restaurant, his brother, was aware of the agreement. With his financial problems it's probable he'll file person bankruptcy. I believe the restaurant will servive.)
If I've exhausted all of my efforts would I be violating defamation laws if I were to go to the media with the information I know about the cheating brother. (The idea of course would be to cause people to stop frequenting a restaurant who's owner basically walks out on his 4 children.) I also thouht of placing flyers on the windshields of the patrans cars as they dined at the restaurant explaining the type of person they are supporting by frequenting this restaurant.
If this in violating laws, what proof is required so that it doesn't, if any?
Signed,
Sucker
