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Help!!! Friend trading my money for me.
So I've known this person for 20+ years and he was the best man in my wedding. Me and 2 of my friends gave him 7k to trade es and nq for us about 26 months ago now. 7k has become just shy of 6 figures even after taxes and 10% to him. He personally made a lot more than that for himself. At the beginning he said we could have however much we wanted out whenever we wanted, but now he's acting all paranoid about not wanting to get caught doing something illegal (which I'm nearly certain this is not illegal). He now says we can have money but not at the pace we want....as in paying us all 1k a month is too much to make him feel comfortable until "he gets legal by passing tests and setting up shop officially." If one or two people want a grand for the month that basically leaves the 3rd person SOL for that month. There's no way he'd be able to afford sending us even those small amounts if it was all a bunch of bullshit so im 99% sure it's not that...not to mention we have a group chat where he posts all his entries/exits/thought processes so that all adds up. We all came to him saying we each want 5k by eoy and not small piddly amounts and he shot that down. Now my 2 friends that got involved in this are getting pretty sour/sketched out. Any opinions on what we should do? How can I prove to him that paying us any amount isn't going to set off red flags everywhere that could make it so he can never trade again in his name (which is what he is worried about). Would a judge do anything in our favor if it sadly got to a breaking point like that? Thanks in advance for your help!!3
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