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‘And then 2022 happened’: I borrowed $500,000 from friends and family to invest in the stock market, foolishly promising a 10% return. Can I avoid legal action?

543
Quentin Fottrell
·4 min read
‘And then 2022 happened’: I borrowed $500,000 from friends and family to invest in the stock market, foolishly promising a 10% return. Can I avoid legal action?

This promise was made via a signed promissory note, and the return was less than the annual return I had been experiencing years before. The question I have is twofold: What’s the best way to mend and repair the relationships with friends and family, and to what extent could I be faced with punitive legal action? Promissory notes are typically used in real estate, automobile, college and/or personal loans.

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