Good faith effort to return money failed - they show up 4 years later - what does my friend do?
December 13, 2011 6:47 PM Subscribe
(YANML filter) Asking for a friend:
"About 4 years ago, this company in (foreign country) gave my company a $3,000 deposit to negotiate a deal.
The deal never went thru, so they were supposed to get their money back. They sent over incomplete wire instructions and I requested them to send the right info. Never heard back.
When I closed the company, I tried maybe 5-6 times to get this info and they never replied. So they had their money with me all these years, neglected it and now they're asking for it back. Of course, that money is gone."
posted by Mysticalchick to work & money (18 answers total)
What is the legal obligation there (especially if it's outside the US) if s/he made many good-faith (and documented) efforts to return the funds but the other party was unresponsive?
Friend will most likely consult a lawyer but I wanted to get your take on it as added information. Options are good things.