To start off with, my family and my cousin's family are very close, and I'm the eldest out out of our group of guys. In the earlier days I tried encouraging them to buy or start a business in the field their experts in, but it fell on deaf ears.
Just recently comes a outsider, friend but not family and he cons them into believing in his grand plan. Oh yes, they followed and have committed tens of thousands towards his scheme. I've asked my cousins to seek legal help just for piece of mind but since then, they don't talk to me like the old days now. I'm sure the friend would have told them everything was fine, all under control and no need to even listen to my advise.
Nowadays their plans are getting bigger and bigger costing them more and more. But funny enough, the friend doesn't actually work for a living from what I hear. So comes the question, how is he affording his share of their plans. I know my cousins are having to fork out money because one of them told me he had saved up heaps, but now, feels vulnerable.
Anyway how do you tell them to listen and seek legal advise just to cover their share? I'm very worried they're not going to get the desired outcome and be stung while the friend walks away laughing, or worst still, legally owning their home because they signed the contract believing their friend telling them "he's done all the research, homework and knows everything there is to know, so don't question him".