QUESTION

a broker advertised a business for sale with a net income of $850,000 after spending over $7,000.00 on Due Diligence its makes $375,00 anyrecourse

Asked on Oct 10th, 2017 on Civil Litigation - Florida
More details to this question:
The Broker confirmed the income however we hired Three professionals and they both confirmed it was fabricated to get a high price for the business Looking to make a law suit for my lose of money on Due Diligence paying 2 CPA's and A Business Valuation Company
1 ANSWERS
Answered on Oct 12th, 2017 at 12:14 PM
Not likely - at least not in a manner that would be cost effective. If you want to spend money out of pocket on principle you might have a legal basis to do so, but its unlilkely that a broker is obligated to foresnically audit a sellers business and books, especially if its not your broker. 
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