I am pondering on whether I should pursue this investment. I have a guy who wants me to invest only $1,000 dollars with a contract that I'm guaranteed 600% ($6,000) the same year, no questions asked.
I figured that it's not much money, and the contract certifies repayment. So what could go wrong?
The guy I'd be investing the money in/giving the money to would be considered a loan with guaranteed repayment. He says that the money is put in to businesses and further lent to others and multiplied easily. He says that nothing can go wrong because it's a written legal contract that he has to pay.
Would there be any loss in doing this? If he doesn't pay, suing is a very easy and remedial solution.