Partner spent my money and lied

[Lilly1812]

So i gave some money to my partner to keep in his savings account as he has a higher interest. I tried to open the same account but was denied. This is an inheritance given to my children by their late grandmother. I finally opened an account in their names and asked for the money back. He gave me different stories for a week. At first he said he has put some in a fixed term account so I said log in on ur app and let me see . He said no! Meanwhile he allowed me to see just a week before. This got me thinking that he has perhaps used some of the money. I asked him to tell me the truth but he insisted the money is there but he will transfer it when he's ready and he won't let me see his app either. After some back and forth and him making me very upset, he transferred some of the money. It is left with £5000. I asked him why he can't complete the transfer but he said he will do it. I persuaded him to just let me check to make sure he hasn't used it. He finally opened the app and I only saw £2000. I confronted him and he said he gave £3000 to his friend to invest in something and he should get it back by the end of the month. I'm so disappointed he lied to me for so long and also used my money without asking me. What can I do if I don't get the money back? I'm not talking to him as of now .

the moment he got the money he considered it his. Try to get the 5k back but also accept that was the price of the education. You are done with him. he will be lying about other things as well.

15 k. He gave 10k back. I have evidence

He's a pathological liar but I thought this being his kids money, he wouldn't do that but guess i was wrong

Well i suppose huge lesson learned.
Why you didn't just keep in your bank account seems odd.
Also after all the bad things he has done seems insane to trust him with your children's money.
I'm not sure why you have him in yours or your children's life's at all.
I hope he does pay you back. Sounds like he has spent it and not invested it. And trying buy time to pay you back or continue to lie to you

it's very suspicious he wont transfer you the 2K, was it a screenshot he showed you? could he have edited it?

or it that money he is living off now and that's why he can't transfer it to you?

there is definitely a reason other than 'i'm waiting to get the other 3K back'

sadly there is very little you can do to force him to send the money.

I have done a similar thing in the past OP where I gave money to someone I trusted - long story short I didn't get the money back, I no longer speak to them them and I will never give money to anyone ever again, no matter how much they promise they will pay me back.

How can you be denied opening an interest bearing accout? The highest interest accounts currently are easy access and open to all.

Did you do any research before making this baffling decision?

Why the hell didn't you put it in a child trust fund or ISA or lock it in premium bonds in your child's name? It would have been tax free and it's your child's money not his.

Put the remaining money in an account in your children's name now as you're clearly influenced by a partner and can't be trusted to put your kids interests first.

Remember children always come first and men afterwards. Is he your children's father?

If he has a high interest savings account surly he has his own money in there that he can repay!

You've been fucking had and he saw you coming a mile off.

She is not a “victim”.

I know I’m saying if he goes to small claims court and says that was the arrangement, they’ll laugh him out of the door because it’s ludicrous. Obviously he was just holding onto the money whilst you sorted the accounts otherwise you wouldn’t have taken all the steps you’ll be able to prove you took!

Yes he's their father. I've opened accounts in their names now and that's where the money is gone to

I mean he has done something wrong if he does not cough up the money.

You're right, just fecking stupid.

Get the money back and then dump him permanently.

Put the money in an account in your kids names before you lose it again.

I have now opened accounts in their names that's why I asked him to send the money back to their accounts.

Why do you refer to him as “my partner” and “my kids” instead of “our kids”?

Why not open accounts for the children from the start?

There is a lot about this story that makes no sense.

Thank god it’s only 3k missing ! It could have been so much worse

what’s your plan ?
are you continuing the relationship?
can you get help for the anxiety and self esteem so you don’t think a lying cheating shit dad is your only option?

we’ve all been fools at some time in our lives with men and money so treat this as a harsh lesson learnt

What’s he spent it on gabbling, drugs or another woman ?

I've explained this many times

You are both in the wrong. He shouldn't have used your kids' money.

However if it was an inheritance then their money should have been held on trust until they are 18 (or older if the Will states older) and therefore you have breached your duty as Trustee.

where is the interest?? the whole point in the first place????

The universe is showing you who he is loud and clear. Get rid of him and it will have been 3k or 5k well spent (that you owe your kids)

Your poor kids - it's not your money and never was. What on earth possessed you to give it to him. I'm not buying the high interest account you couldn't open story. Interest rates are so low ATM that the difference between easily available accounts on 15k is negligible so you trusted him for the equivalent of about £300 to £700 extra over a year. (Highest rate you can get easily is 4.8%, best is 7% but that's a regular saver you can only pay £300 a month into so not relevant in this case). As trustee of your kids inheritance you've made really poor choices on their behalf.

Well obviously if he's not giving me back the original money, he won't give the interest either. I messed up.

Well learn from your mistakes then! It’s one thing to unknowingly accept that kind of behaviour but to knowingly put up with it when you have kids?! That’s on you.

Time to find your inner confidence and talk to the police. Stop letting him steal from your bloody kids! Do better, for their sake.

He had a 4% interest. All the other savings had maximum 2%