Heres the Scenerio
OldEastside
Posts: 4,602 ✭✭✭✭✭
Grandson comes in and sells 7 grand worth of Grandmas heirloom Jewelry and all seems legit and even
presents DL# and everything..........3 weeks later Grandma files burglary report and its sent out to all
gold buyers and Buyer see's picts and knows he has the stuff, and doing the right thing alerts police and
handles the situation legally with all transaction info, grandma wants to make good BUT does not want to
press any charges against grandson...stating that she has no recollection of giving any authority to him
for said sale BUT is not SURE.......but willing to make good 7 grand to buyer.............whom is now out 7
grand for 3 weeks..................Thoughts please
Steve
presents DL# and everything..........3 weeks later Grandma files burglary report and its sent out to all
gold buyers and Buyer see's picts and knows he has the stuff, and doing the right thing alerts police and
handles the situation legally with all transaction info, grandma wants to make good BUT does not want to
press any charges against grandson...stating that she has no recollection of giving any authority to him
for said sale BUT is not SURE.......but willing to make good 7 grand to buyer.............whom is now out 7
grand for 3 weeks..................Thoughts please
Steve
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Call the DA....press for charges. Either grandson stole or grandma is filing false report (insurance fraud??).
Seems harsh, but this is the only way this will end.
Had same thing happen here a few years ago , much smaller amount. Guy sells his moms stuff with out her permission, she calls back a few days later and wants to come pick it up. I told her that's fine , as long as she re-pays the amount paid out, she said because it was stolen, she has the right to come get it. I told her that I was only turning it over to the police with a full report filed. She paid and picked it up as she didn't want to file charges.
<< <i>Get the 7k back asap and move on. >>
The buyer should consider himself very lucky to get all his money back.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
If grandma did not give him permission and doesn't press charges then grandma may get to attend her grandsons funeral in a few years .
If Grandma wants to save his life she should press charges .
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I knew it would happen.