Is it “no good deed goes unpunished”?
A New Jersey couple who had been helped by a homeless man set up a crowdfunding site for him. After raising more than $400,000, they gave Johnny Bobbitt some of the money.
But when they discovered that he had spent that sum allegedly for drugs, they withheld a portion.
Mr. Bobbitt claims that the couple actually spent some of the money of vacations, a new BMW and other items for themselves.
Now, they’re in court and the judge has ordered them to pay over the remaining funds to Mr. Bobbitt.
This implies that if you set up a fund for somebody, you may be taking on a fiduciary relationship. Watch out!