I have collected 50 lakhs from 5 people by falsely claiming that i am running computer business and offering them profit of 10,000 every month for investment of 50,000 and profit of 15,000 every month for investment of 35,000. After 1 year, i have given them their invested money in the form of profit monthly and run out of money and i told them the truth that i never run any business nd only given them their money back in the form of profit. Out of 50 lakhs investment, i have given them 44 lakhs in the form of profit. Now the are asking full invetment amount but i am having no money. I personally spent 6 lakhs myself from tht invested 50 lakhs only. so please help me how to deal with this. i have also given them cheque of 25 lakhs total to all 5 persons. I stopped that cheque payment but they are threatening me of bouncing it again and taking legal action. please help me.
Book a phone consultation with a top-rated lawyer on Lawfarm.