Claiming from one's friend who invested one's money with a third party
Q: I have a friend who makes investments with various investors' money and gives a percentage of the profits to the investors.
This friend approached me and asked for some money to invest. He informed me this time that the investment would be made by a third party, and when that third party have the profits of my money, he would keep 40% and give me the remaining 60%, and I agreed. The partnership went on for some time, but the third party stopped giving the profits and isn't even returning the capital.
My question is whether I could claim from my friend and hold him responsible for paying the debt, since he was the one who took the money from me.
This friend of mine had a check as collateral given by the third party. He let the time pass before he could claim from the authorities using the collateral check. So there was some negligence in his side as well.