Picture the situation. Two very good friends decide to buy a property in Banbury, Oxfordshire. The date is 1986, it’s a rising property market. The two friends for these purposes can be called Mr. C and Mr. R. An abbreviation of their christian names. They buy a property off the plans with the idea that as the market was rising in a dramatic fashion. Once built the property would be worth considerably more than they paid for it.
Mr. C put up the deposit of £5000 and paid it to Mr. R. Mr. R got the mortgage.
The property was purchased in Mr. R’s name and upon completion immediately put on the market for sale. It had already gone up £40,000 ! Giving each party a very handsome profit of £20,000 after costs.
What Mr. C hadn’t taken into account was the fact that he was about to be duped by his friend out of all of the money. The word to use here is ‘Judas’.
The property was on the market under Mr. R’s name and Mr. C followed the transaction via the Estate Agents and of course the word of Mr. R. Mr. R lied he said there was little interest in the property and no sign of a sale. However in reality a sale had been agreed and exchange had taken place with completion due shortly after.
Mr. R continued to lie and tell his friend that ‘No Sale’ was imminent when in fact he arrange to go to the Solicitors and sign the completion documents. Mr. C now very very concerned that his so called friend had duped him with the clear intention of not only taking the £5000 invested  but all the profit too.
At the Solicitors Mr.C had worked out the ‘Con’ and was waiting. Sure enough Mr. R came trooping along the pavement in Oxford in readiness to sign the ‘deed of sale’. When confronted by Mr. C. Mr. R said I’ll go in and sign the papers and transfer your share and investment later today once it arrives in my account.
Thirty four years later Mr. C is still waiting for that payment. The deceit, anguish and lies told by Mr. R has haunted Mr. C for all that time. It won’t go away until payment has been received. To make things worse Mr. R married into Mr. C’s family and split the family down the middle. Mr. R. went on to cheat other organisations with car related insurance fraud, the Royal Mail amangst other activities.
A debt recovery company such as us or the legal system is ‘Statute barred’ from dealing with this case but it’s telling the story as in hindsight the matter should have been dealt with in 1986.
Our feeling is and the ‘motto’ should be
‘What goes around comes around’…..goodluck Mr. R.
0 Comments