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The Ramsey Show Highlights

I Got Scammed Out Of $38,000 By A Friend

The Ramsey Show Highlights

Ramsey Network

Business, Education, Investing, Self-improvement

4.5839 Ratings

🗓️ 18 February 2026

⏱️ 5 minutes

🧾️ Download transcript

Summary

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Transcript

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0:00.0

In today's digital world, you need ID theft protection that actually works. Protect

0:07.5

yourself at Xander.com. I got mixed up back in maybe 2016 with a guy from my gym. Long story

0:18.1

short, he was running the LLCO supposedly.

0:22.4

And, um, I was investing into a, uh, high interest savings account.

0:26.1

Um, so basically I got scam, long story short.

0:30.1

Uh, he got me for 38 grand.

0:32.1

Oh, no.

0:33.5

And then I hired lawyers and everything like that. Um, so I, all in all, I was out maybe like 40, about 45 grand.

0:41.5

Oh my gosh, George.

0:43.5

I'm so sorry.

0:44.3

Was it like a Ponzi scheme kind of thing or like a like or he would take your money and invest, you know, put it somewhere else thinking he would make a difference and then he ended up not and lost all your money? Exactly. Oh, man. So, I, you know, again, this is before I met you guys. I wish I wouldn't have met you guys sooner, but that's done. So it's kind of a thorn on my side because I'm trying to figure out whether I should continue going after him because I already went to court.

1:12.2

We already got the judgment. He didn't show up and everything like that. You know, he got

1:16.1

served and everything. But the thing is, you know, I had to learn about the law because the judgment

1:20.9

is just basically a piece of paper right now because he got rid of all of it. Exactly.

1:24.7

If he doesn't have assets, he doesn't have income income you can garnish. There's not much they can do.

1:30.8

That's basically what I want to do. When you say you've been chasing for four years,

1:34.4

who has actually been the person trying to track him down and get him to pay?

1:40.0

I hired a debt collection company, and then at first it was, you know, it was free and everything like that because, you know, they get paid, I get paid kind of deal.

1:52.4

But then after maybe like a year or two, then they asked me if I wanted to like increase the some kind of excuse they gave me.

2:00.7

And it was like another two grand or whatever I think to push stuff forward because this is during the pandemic. Yeah. So to push like paperwork for it. And so that added to the money that I'm out. And I wanted to see if you guys think I should just count it as a loss or just, you know, because without assets, you know, now that I know that, it's just. Yeah, that's my fear. You spend $25,000 chasing this guy down, and then it turns out you don't get a dime from him. Well, now you just lost another $25,000. So it may be time to emotionally write this off and call it a stupid tax and move on. Yeah. If it's been four years. I mean, this is, this is weighing on you. It's living rent-free in your head, and I think it's time to move on. People do all kinds of dumb moves and lose 40 grand. You know, I went in 40 grand to consumer debt back in the day, and so I'm going to chalk it up to a life lesson that was hard to learn and never let it happen again. Got you. Okay. I figured that. I'm so sorry, man. I'm sorry, George. I'm like when I, I'm like a dog who's like, I want to get this guy. You want justice, right? I want to go full John Wick, man, you know, but at some point. And it was $38,000, you know? It's not $3,800. Like, that's a lot of money. A lot of money. It's a lot of money. But the crazy thing is,

3:08.7

is I do think once you emotionally kind of just get over it, right? You detach and you're like,

3:14.9

okay, I am moving on. You start to really, really see what you can do and what you have the

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