Vertical Group Sued
"I said, 'Here's my friend giving me a chance of a lifetime, so, you know, we'll go for it," Trom explained.
But, Trom said his chance of a lifetime turned into a nightmare when Reuter, who lives just four houses away, gave him the runaround.
"I used to go over there, or call him, practically every day to track what was going on with it, and I got excuse after excuse," said Trom. "I knew at that point that it was bogus."
Trom said Reuter took $175,000 from him. The lawsuit claims Reuter had a pattern of criminal activity, was not licensed as a broker-dealer in Missouri, and defrauded investors of $3 million.
"There's a lot of people missing a lot of money, and we'd all like it back, and somebody to pay for what's been done to us," Trom added.
He said the most painful part is finding out his former hunting buddy cheated him.
"I believed him," said Trom. "I trusted him."
KOMU asked Reuter to respond, but he did not return our calls.