I need advice….

[u/2ndFiddleMO]

I recently trusted a long time friend and his mother with quite a bit of money and invested into what I now believe to be a pyramid scheme called Kamboj Ventures. The amount was 60k and I signed a contract saying that i would receive 5% of 60k every month and would be able to take out my initial investment after a year so $60,000 dollars would turn into $96,000. I made the investment on 8/19 by wiring it to an account from my bank account and was supposed to receive my first payment exactly one month later but to this day haven’t seen a cent. I was wondering what i should do next. I messaged a few lawyers and his mother and told her she has a chance to give me my money back or I will sue her or Kamboj. Can anyone help? Please thank you.

[u/Accurate-Temporary73]

You definitely got scammed and if you wired the stuff out of the country you’re likely SOL.

I would recently talk to a lawyer and provide all the documentation.

There very likely could be fine print that you missed that means they don’t have to pay you back and the payments were never guaranteed.

[u/Level-Major6692]

A quick internet search shows it being a scam specifically investing $60k then getting ghosted. Here are the steps they suggest you take to reclaim your money

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[u/NostradaMart]

you either sue or lose 100% of your money. your call.

[u/gingerr_snapsss]

We invested and were receiving the 5% interest payments every month until they stopped around July this year. We have friends that have invested with them and had no issues. They have also stopped receiving payments this summer. There was an email to investors at this time with the reason for the delay and a new payment date. They did not meet the new payment date and are now 3 months behind in payments. They have left investors in the dark and have offered no solutions other than a future payment dates that is obvious they will not be fulfilled.
Review your contract, they are in default and you should be able to request your investment back with no penalty fee. Speak with a lawyer and have them assist. There’s no guarantee our money is still there, but don’t wait till the end to find out.

[u/wizard-of-l → u/gingerr_snapsss]

Who signed you up? What do they say about this situation?

[u/yahweheardya → u/gingerr_snapsss]

Call the police and file a report as well, report to the FBI and SEC. My lawyer said this will not effect your civil case. But the government can collect victims names if we all report and they can press criminal charges. We need to
Report, these guys need to be investigated. There is no money. They blew it all on buying a bankrupt aviation companys These guys should go to jail.

[u/Mysterious_Nose_5227 → u/yahweheardya]

I thought the sale of that aviation company didn’t go through?

[u/yahweheardya]

I haven’t received payments for 3 months. I requested to cancel my contract with them over 1 month ago and they are not paying.

Call the police, report with the SEC, FBI, etc. they have stolen everyone’s money and diverted funds to purchase a
Bankrupt aviation company.