Quote:
Originally posted by wcc
I know that all investments are risky!!! EVERY TIME I invest I assume I'm going to loose money. Which is ok, cause if I do there's no lose. So I invested with a "Energy" company that deals in oil.
.... Now it comes time for the payment and all of a sudden they don't have any money to pay out investors. So they stonewall me and say the money is there but they are waiting on a Purchase agreement.
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I'm not sure if you're going about your investing activities correctly if you are assuming you are going to lose money every time you make an investment -- you should clearly see BOTH the risks factors and profit potentials when you make an investment and understand exactly what needs to happen for you to make money and what could happen for you to lose money.
As others have said, with the limited information you post, it does sound like you may have been suckered in to some sort of investment fraud. Depending on the specifics about what they are doing, you may want to be talking with Federal law enforcement agencies if it looks like there is criminal activity in this.
If it does represent some sort of legitimate company and a real business has been built, then your position in the business might not be immediately liquid, but that should be very clear to you.
Have you looked at their books, before making your investment or now? What exactly were they going to do with your money when you made the investment? Do you know exactly how your money was used? How did they find you? Are you regularly involved in venture capital situations? Or did you respond to some advertisement about an "investment opportunity"?