Our issue is that my mom was approached by her friend who was operating a small private hospital and was coerced into investing her money to the said hospital. She was told that it was a safe investment and that if she ever needed her money back, she wouldn't have any problems getting it and that while it's invested in his hospital, it will be earning "dividends".
My mom was unemployed and had her money from the property that we sold while my dad was bed ridden due to stroke. She was taking care of him 24/7 and she thought that investing in a hospital would be a good idea since it was "safe" and that the owner was my dad's doctor. Since being unemployed and being my father's full-time caregiver, her resources started to run out due to hospital admissions, check ups and medication.
The owner had promised my mom that she will be receiving dividends but when the promised date came, there was always an excuse why he cannot give anything. Whether it was because the hospital hasn't received money from Philhealth or that he was still paying for the operating costs of the hospitals. It's been years since then and my dad passed away early 2016. My mom had tried to talk to the owner in getting her investment back from the hospital but she was given the runaround. Whether she needs to sell the stocks to other share holders (to which she wasn't given any assistance into how she needs to do that or any information as to who the other share holders are so she can approach them), or she was completely ignored.
My mom has already gone to SEC and found out that her name wasn't even on the list of share holders of the company. We had already asked for legal assistance from a lawyer, however, my mom is barely getting by through her day to day and we are completely out of money.
I was hoping for any legal advise or any assistance from the good people of this forum. If anyone can point us to even a pro-bono lawyer who would be able to help our situation since we're out of money and cannot pay any legal fees at the moment.
Thank you for taking time in reading this and thank you in advance for any help.
Regards,
Tony