I made the mistake of loaning a large amount of money (more than 15k) to someone I use to consider my friend (supposed friend since highschool 05). We had an agreement on when I was to be paid and it is now over due. He was a successful online player, who moved to Vegas.lost his roll, started borrowing from myself and other people. I tried to keep in contact with him to stay on a steady payback plan. But for a while now he has been dodging my calls and spewing obvious lies. I went to Vegas unannounced and showed up at his door step to collect, which I received a small payment (better than nothing). While I was there he told me he put 39hun on a stupid sports parlay. He's such the typical vegas cliche; trying to count cards, sports bet, and is constantly saying he doesn't have a gambling problem (obvy denial).I was very mad but he kept reassuring me he would have all my money by thanksgiving if the parlay came through or not. He's back at his parents for a few more days and is still trying to dodge me. He's been texting my friend who is trying to help me and says that he's cleared all of his debt, but... ya the money is not in my hands. I'm 23 and learning this the hard way. Do I go to his parents so they know the truth about their son/ break me off/ help me get paid? Do I take collateral (car/tv/so on)? Do I have to wait for him to luck box? I know beating the **** out of him won't get me my money back. So how do I go about this?

Interested to see the responses from ppl who successfully got a degen friend to pay up cuz I'm also 23 and in the exact same boat with almost the same amount of money.

how long has it been since u borrowed? and how much of the 15k has he paid off so far?

I would suggest collateral or find some other way to leverage him. But it's hard to collect on what your friend likely doesn't have. Best bet is to get his family to pay it on his behalf.
Or else you will still be waiting a very, very long time for the money. Literally years and you will be getting it a few hundred bucks at a time.

Sorry you had to learn the hard way, but you broke one of the cardinal rules in life. Never lend money to friends and family. That ties in with never going into business with friends and family or having them work for you.

If you give them money do it with the understanding that you will never get it back even if they say it is just a loan and they intend to pay you back.

I was fortunate enough for my dad to tell me this when I was young.

Read between the lines for me here- G rated.

It's been a couple months. I was living with him at the time for a month to play poker in vegas and I was on a massive heater, loaned him some money because his funds were tied up in a transaction. Earlier that week I saw him ship 20k out for it. (It's painful to write this knowing what I do now.) It was taking longer than expected so I fronted him some money to play poker w / live off of since he put almost his whole roll on the deal. Whatever happened, I don't know. He'd been making money doing it, and I saw it first hand. He loved to buy expensive **** and flash. He told me I was getting paid back with in a weeks time tops. Because I thought " There is no way this fool is so fuqqin dumb he'd put (practically) his whole bank roll on something that wasn't a sure thing.".

THE BEGINNING OF THE END

Who ever he trusted jacked him, someone who he had been doing business with all throughout a 3 year span. I assumed and knew this because he was always going to the same place to do business and I would listen to him rant about it time to time. Is this the whole pure truth, I don't know. All I know is I've been nice and patient long enough but now it is way over when he was suppose to hit me back. After that he couldn't stop losing at poker. Busted that in no time with all the nikes, extremely high rent, two cell phones, and whatever other stupid shyt. I respect my friends for who they are but after this lack of character. Come on man you're not fooling no one, you're broke, quit trying to pretend you're a boss, this aint kindergarden. Afterwards I moved out and he some how hustles some new roommate who binked a 200k tourney, and starts gietting loans from him to play poker and live. Guess what happens? lost it all again. Now all I see it as is pure fuqqin robbery. He has a bunch of half ass attempts to make "quick money" but ya good luck with that MR " I see the future this 9 game multi sports bet is gonna win"," the hilton sports book is just a money printer to get rich quick off of" LOL LOL LOL. The truth is just too harsh for weak minded people. Had I known everything I learned in the last week or so when I saw how low of a person he really is I would have never done anything for him but I guess that shows you how two faced people can be. It's unfortunate how -EV it is to try and help a friend(now turned ultra degen) out. All I want to know is the best/ most legal/ quickest way to getting my money back? Off of principle alone I want to go to his parents so I can be assured I will get my money back because I have a feeling his free ride is about to end and he will be back at his parents, broke soon. He's paid 27hun since august. All I hear are lies, I believe nothing he says, another day money still isnt in my hands, and he's dodging me.

I see no problem in walking up to his parents house, knocking on the door and asking to talk to him. If not maybe Ill have to entertain myself with explaining my situation to his parents. It's sad really. What are all my options? Can someone give me their game plan for a situation like this?

Thanks for the advice, your dad taught you well. Definitely something to pass on to the youngins.

you could try to set up a small payment plan for him to repay you - atleast then he might be able to pay u a little every month, and if he doesnt youll need to lay down the law....either way its a life lesson hopefully you dont repeat

thanks Sng for your post. It's been since august and he's paid 29hun. I'm planning a trip to his parents today. I want to catch him before he goes back to vegas. Hopefully I run into him and his whole family. I just don't want to go solo, I think his dad use to beat him somewhat.

None of my business but what makes you think his family would pay you the money that you tell them he owes you. I gather you don't have anything on paper/email, and if it's your word against his not sure where you go from there. Other than the "leg breaker" route, which would not be my advice.

His family has been skeptical of his success in Vegas. They think he's ultra degen and he's always trying to convince them he's not LOL. I need to get him to sign a home made contract. I know his mom a little bit and they are concerned for their son, they even sent him money to live off of after all this. This is going to be a interesting afternoon to say the least.

LUCKBOX RESULTS

So I just blew the fuq up. Put him on blast all over facebook and with in minutes I get a call from him. He didn't put 3.9k on a parlay only 1k and he won it. 160k after tax 100k split between him and his room mate. He said when he came back for thanksgiving he had to give his mom 8k and he only brought 10k with him. Because I was such a non believer he wanted to torture me by avoiding me till he had my money in cali ready to give me. He says he's coming back next week with my money plus 5% of the parlay. I guess sometimes you have to throw a craze to get results.

Sounds like you're getting scammed again

You're really gullible

I thought that and I really don't know I feel like I have to ride it out either way. If that's the case I will know when he's back for christmas. And I'll have plenty of time to make a fool proof ruin his life plan.

Sounds fishy. Guess you'll just have to wait until he scams someone else in order to pay you. He really sounds like a loser at life. There is no way he could be a winner in poker. I hope you get it and run. GL.

In before no pix of parlay ticket

i'd put this at < 1% chance of being true. He's only responding to pressure. If he really luckboxed it, he would've told you instantly to get you off his back. He obv didn't want you to raise the alarm to the parents, and you gave him some more time to spiral more into degenland.

Sorry bud, should've went to the parents.

BTW is his name Edwin Kim?

Crappy situation but i'd write it off and move on with life and without this person. The further along this goes the more tied together you two will be. Ive seen things like this go on for years and ruin both ppl. Let it go and learn from it. If he pays you then you got lucky. Pick better friends.