In 1996, a man by the name of Earl Crackower offered an investment with 12% interest per year. He paid somewhere on the lines of 800 thousand from 1996 to 2004. At the moment he owes us about or over 1.4 million still including the initial investment.
He was convicted of fraud and sentenced to 5 years in jail; 18 months served.
My grandfather died just over a year ago and left 300 000 to my brother sister and I (split evenly), and I believe most if not all of the rest to my mother. Because the investment never came in and the money was not there, and also due to the fact that the 300k to my siblings and I comes first to my mom's money.
My real question is, what can we do to get the money back? Can we sue? What happens if we win the case for the full amount but he doesn't have it? He is currently 66 years old, and retired...
According to my calculations, he owes 45 + families over 14 Million Dollars.
If we are certain that we can get the money, it won't be a big factor as depending on how much he had paid back to my grandfather or my family, he could owe us between 1.4 and 2.3 million dollars.
Statute of limitations; I found out about this case about a year and a half ago, statute of limitations says 2 years or 15 years. Anyways, one of the suits is regarding a minor which if I read it correctly, revokes the statute of limitations for at least that case.
Orignal From: Fraud in investment. What to do now?
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