Another key take away for new members to the forums is that while I am in New Jersey and I hear about people in Chicago, or Hawaii, or in any other state get scammed, I am thinking to myself that can never happen to me, there must be something odd going in those states. But the reality is that apparently it could happen to anyone, so once again the due diligence process and having an attorney is essential (not just something everyone feels as if they have to say).
At this point even when my closest high school friends ask me to Joint Venture i explain that we will have a lawyer write up everything. There are too many "What-ifs" and variables that I personally would never even fathom, or have the time to think about. The last situation I would want to be in is with a close knit group, where something goes awry and everyone involved in the deal thinks differently about what the outcome should be.
And take it from me, when someone introduces themselves with a first and last name that isn't really their first and last name, let that send up a red flag. (yes shame on me this gentleman introduced himself as Lee Morris)