Fake LLC discovered. What should I do?

[Kevin Gregg]

So a few Army buddies and I each chipped in 10k each to buy rental properties under an LLC. As the years have gone by it appears the "buddy" that runs it has been lieing to us and we dont own the properties that he says we do. He has been making false income and expense statement and putting them out each quarter. I called the local police and they say they cant do anything. Suggestions?