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If he goes to jail for the fraud, how would you get your money back? lol
If he owes you and your friends $3000 approx.... it would probably be more worthwhile to let him do what he wants and get your money back rather than mess up his life even more.
Think about it, he's already dumb enough for the idea of parting out a car on a loan. He'll get his eventually.
Just my 2 cents.
Also, what everyone else said prior to me is pretty much on the ball.... you might wanna get rid of this thread if you do legally pursue... and the whole blackmail/extortion issue too.
~Joe
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