Thanks everyone, the country I'm from is Australia. The person who promoted it to me is American and he just moved back there.
I guess I can sue him, but I doubt I'd get anything out of it based on all the time and energy I pour into it.
Anyways, based on Australia what do you guys think? I could sue the promoter for $ or they'd just get issued some fine?
You can sue anyone for any reason! Take it as a thumb rule but it doesn't ensure that you will win the case. Since the company is not a registered player in the financial market and also the affiliate marketer is an American, Australian court can't held him for any reason unless and until that person decides to come back to your country! I would rather suggest not to go ahead as sue this person because you will end up only spending money behind a lawyer. Instead try to negotiate with the ponzi company if they can refund the money to you without any interest.
I believe you have learned the lesson in hard way! There are no such real world businesses which can generate as much as 10% monthly income. Ponzi is basically a money rolling business and 99.99% of ponzis are scam! Please don't invest even a nickel in ponzis no matter how good they sound!
Thanks, do you think I have to convince a court to hold him if he comes back to Australia? As in spend money on a lawyer and go to court to convince them? Would it be guaranteed that they would hold him if he comes back?
As in - If I "sue" someone, are they put on a travel ban to make sure they can't leave the country? Im guessing I have to convince authorities to put a travel ban on him if he comes back even though he's not a citizen, just an American.
If you can convince the court of law that the person advised you about the ponzi scheme is a scammer, then anything can happen. However, since the person is not an Australian citizen, the court has limited power to control the situation.
If I was standing at your situation, I would first try to negotiate with the ponzi company to get the principal amount back without any interest or at least the major percentage of the principal amount.