Experience Level: Expert
gave seller 5000gbp deposit to buy a business, found out through vat returns that the turnover he was claiming is false, we backed out of purchase and he wont now return the deposit. (says it was non refundable) we gave it to show we were serious buyers. no paperwork or contracts were signed. have telephone recording of him lying about the turnover, also we later found out that the tennants which we were going to keep on were illegal immigrants, i also have a recorded telephone call of him confirming this.
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