Investor · New York, NY · Member since 2017 · 111 posts · 49 votes
8y
Quite a question! Do you put your investment at risk by allowing illicit funds to back it? Or do you lose the investment and potentially put a smear on your reputation by reporting them to the authorities? I would play this one above the belt, report it to the relevant investment and securities commission.
San Mateo, FL · Member since 2017 · 70 posts · 24 votes
8y
I would stay away from these investors. If you can tell the funding is illicit, then who else can? If they are sloppy enough to be this apparent, the authorities will be coming soon. I would not want to risk having the project seized by the interested authorities.
Bellevue, ID · Member since 2017 · 116 posts · 33 votes
8y
I would steer clear. Report this to the police as soon as you can. You never know what assets could be seized in the process of investigation. Sounds like an easy way to lose your seed capital and your reputation to boot.
San Diego, CA · Member since 2017 · 78 posts · 42 votes
8y
Unpopular opinion here: What do you care where the money comes from? You are not liable, and if the building is indeed repossessed and you suffer financial loss as a result, take them to court for damages and then some. You will certainly recover your seed capital that way, and if the investment is not seized, you have been part of a successful build. Just representing the other side of the argument!
Charlotte, NC · Member since 2017 · 39 posts · 25 votes
8y
I must agree with Hank Wu, that you shouldn't care too much where the money comes from, however if you know the money is illegal and you don't say anything, you could be legally liable. Anyone here a lawyer?