Faulty Forex

Yet there is another issue in my life which reared it's ugly head recently. A while back a friend of mine got involved with a small forex company- a currency trading company. At the time I was very interested in dabbling in it myself and it seemed like a great way to safely get involved.

The operative word here is seemed. He skirted over my questions about the company, for whom he told me he was working as a salesman rather than as a trader. He said that they had a long, established history and that some of the traders there had been working for many years.

Well, to cut a long story short, or to be honest make a short story shorter, in fact this friend B was left in charge of the money, and had absolutely no clue how to manage it. Within two months, albeit with frequent updates, he had managed to lose the entire 1,000,000 yen (almost $10,000) that me and another friend called M had jointly put there.

The company refused to take any responsibility for it, only offering he two of us a job doing the same thing! B seemed very sorry and at that time also very poor. So, feeling sorry for his plight we basically forgave him. And it seems he decided that as far as his responsibilities were concerned that was the end of it.

He told me that if I wanted the money back from the company I should take the time to pressure them. He wouldn't do anything- it was all down to me, even to hire a lawyer if necessary. Well okay, we have seen each other since and he is basically a fun guy to hang around with, but I can't completely forget about what he did or the misleading way in which he tricked us. I see him as a friend but not really someone to trust. Forgiveness is the most important thing- the balm for anger. Yet it doesn't erase responsibilities to put thing right. The problem here is that he takes no responsibility, even when the friend M is about to have a baby and moved closer to his wife's family so as to save money. Does B have a conscience? Does it need to be awakened perhaps!? More to continue on this soon...

Update- B. Said that he would pay back the money, as he said earlier, but that it 'would take time'. But he understood the message and agreed that he has the responsibility. For me, this very admission brings peace of mind.