Debts between Friends
A previously trusted friend of mine invited me into a car/sell deal. So we both put money into the car, he kept the car in his name. He reommended investing on parts etc to increase the sale value. He persuaded me to invest more into it so it could sell faster, so I did. Then when I bagan checking on him for updates he would tell me the car is with a mechanic and would be there for few months. I suspected something was off, went to cartell.ie and turns out he had already sold it a month ago while he was giving me the impression it was with a mechanic. When I confronted him about he told me was under pressure and had to sell the car at 50% the car was originally bought. Since then he keeps being evasive when it comes to repayment, either he is sick or unwell etc. It has been 2 months hasn't even paid a cent back.
He has been avoiding confirming things in writting but I have a number of recorded verbal discusions where he said "whatever I invest into the car I'd get back" etc.
What are the reasonable steps now? I have already given him an informal warning