At the very least, I'd ask to immediately see the statements from this investment, etc. And then I'd make the proper phone calls/inquiries to make sure it's legitimate. If I didn't have those statements in 10 minutes or so, I'd be making some phone calls.
I can't think of any way this could be good work by treasurer. If it's the kind of investment that is this illiquid (1 month to get unwound), then it's likely not at all right for a PTO; and it's almost certainly something that should only have been done with approval.
First impression = stinks to high heaven. I wouldn't wait a month just on this person's word.
Tim
Tim
- Rockne
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