Filing a Lien Against Bank Collateral

[dillybar]

What is the name of your state? Minnesota


I invested in a company in California in September, 1999. The company was run in a fraudulent manner and I was taken for over $100,000. They have admitted that they owe me compensation but continue to put off paying me back. I am aware of gems worth over one million dollars held as collateral on a bank loan with $80,000 left to pay off. I have the name of the bank, the bank loan number, and a copy of the Collateral Receipt. My question is whether or not I can somehow file a lien against the collateral in order to be compensated for the money they owe me. If so, who would I consult to assist me in filing the lien? I contacted the bank but they indicated I would need to consult with an attorney. Are there any forms that I could purchase to file a lien myself? Please advise. Thank you.

 

[vrzirn]

You must obtain a judgement from the court before you can file liens. That means a civil lawsuit.
The gems belong to the bank if there is default on the loan. If the gems are sold to cover the default and there is a balance, which is unlikely, you might be able to lien the remainder.
It probably is lost money. Speak to the DA about a criminal action.