I'm looking for advice on how to recoup funds I lent to a friend.
My friend asked to borrow $10k to pay legal fees related to the settlement of an investment scheme. I regret lending him money because my gut tells me that I won't get my money back. I trusted my friend and didn't do my due diligence - this is was my mistake. He said he'd return my money within 1 week and it's now going on 4 weeks.
1st red flag - after sending him the funds (Saturday), he asked me for another $7k the very next day!! (Sunday). He said that he sent the $10k to his friend (who I don't know), whom is also in this investment scheme to pay for the legal fees. However, his friend's doctor/hospital took $7k out for "cancer treatment". WTF?! Doctor's just don't direct debit $7k on a Sunday, they'll usually call and ask for your card details. Even so, who doesn't have the money ready for their life-saving treatment?! I said no and he had the nerve to ask me to ask my parents…
2nd red flag - he says things like "Don't lose sleep, I'll take you to Nobu and on a shopping spree once the money settles" and "just a few more days, trust the process" This comes off very charlatan-like and rather evasive, not very assuring at all. I get the feeling he is only saying this to keep me calm.
I'd appreciate any advice on how to best approach the situation. I want my $10k back and I don't care if the friendship is over. I am stressed out and it's affecting my job/work and personal relationships.
TLDR: Lent friend $10k for "legal case". Gut tells me that he is a degenerate gambler. How to get money back.
Edit 1: I already feel shit as it is. If you don't have anything constructive to say, please gtfo.