I am a 70 yrs. old woman who gave $30,000 for a business without signing any papers. Have I been scammed?
Asked in Denver, NC on February 13, 2026 Last answered on May 13, 2026I was told that I would be paid monthly to repay myself and make a profit. I was supposed to be included in every aspect of the business, including meeting her bookkeeper and her lawyer. It's been 5 months, and I have not seen any money. The only proof I have is that my name was on the money order I gave to the previous owner, and I have a receipt for that.
1 answer
If you had an agreement that you would be repaid your money, and she is refusing to even communicate, let alone provide you information, that is what it appears to be. It does not mean you are without recourse, but considerations such as the expense of litigation, the collectability of a judgment, and your interest in pursuing it could all affect the decision on how best to proceed. You would likely feel better if you reached out to a lawyer and had an initial conversation about your rights and what the factors above might look like so that you are making an informed decision on how best to proceed.
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