GetShitDone
Bronze Contributor
Long story short, my friend was an affiliate marketer for a crypto investment product.
The crypto product ended up being a scam where thousands of people lost all of their money (like BitConnect).
My friend also lost all of his money as he didn't realise it was a scam.
One of the people that my friend referred to join the investment lost $70,000 and is now threatening legal action (w/a law firm) against my friend if he doesn't pay the $70,000.
They seem to be confident that they would win in court based on my friend promoting a financial product to them without a financial license.
(The owners of the crypto investment scam ran off and can't be found by anyone as they used fake names, etc..).
The problem is that my friend has no income, savings, or assets. He's young.
He can't afford to pay $70,000 like the person is wanting from them.
1) How would legal fees cost if my friend has no money to go to court?
2) Hypothetically if the other side wins (which my friend says they won't) - How would he deal with paying $70,000 when he has no income, savings, or assets?
3) Should my friend communicate to the suers that he has no $, so it might make them realise that they're wasting their time going after someone with no $?
The crypto product ended up being a scam where thousands of people lost all of their money (like BitConnect).
My friend also lost all of his money as he didn't realise it was a scam.
One of the people that my friend referred to join the investment lost $70,000 and is now threatening legal action (w/a law firm) against my friend if he doesn't pay the $70,000.
They seem to be confident that they would win in court based on my friend promoting a financial product to them without a financial license.
(The owners of the crypto investment scam ran off and can't be found by anyone as they used fake names, etc..).
The problem is that my friend has no income, savings, or assets. He's young.
He can't afford to pay $70,000 like the person is wanting from them.
1) How would legal fees cost if my friend has no money to go to court?
2) Hypothetically if the other side wins (which my friend says they won't) - How would he deal with paying $70,000 when he has no income, savings, or assets?
3) Should my friend communicate to the suers that he has no $, so it might make them realise that they're wasting their time going after someone with no $?
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