We're 5 sisters and both of our parents are still alive - Dad is 87 yrs old and Mom is 82. Three years ago, my parents gave one of my sisters a POA to sell one of their properties back in our country thinking that they may not be able to go back home because of their ages. Since my sister cannot bring back the whole amount from the sale, she deposited the money in a local bank there under her name and a trusted friend with AND/OR joint account. When she came back here she told everyone (4 sisters and both parents) that the arrangement was for the friend to wire the allowed maximum amount every year until it is depleted (per bank manager's advise). It's been 3 years and my parents have not gotten a single penny except for what my sister brought back.
When asked what's going on, she has all kinds of reasons (that she may get charged and her friend for money laundering, that she doesn't want to go to jail if her friend releases the money etc, etc etc).
We also asked her about the original arrangement (wiring the allowed amount to our Mom's and Dad's account here) and she refused to do that too.
We would like to take the initiatives (to talk to her friend) , but she won't even give the friend's contact information.
What hurts us the most is.. she thinks we're that naive or ignorant (if i may say) when it comes to withdrawing/releasing/wiring one's savings.
For a fact, we know friends/relatives back there who purchased properties, bought luxury cars and use their savings, withdrawing cash as down payments. We really don't understand her way of thinking/reasoning.
We(3 other sisters) all agree that she and her friend may have put down the money in a business venture that they cannot pull it from. We're all hoping that if that is the case, that someday (I don't know when) that my parents will still be able to enjoy the fruits of their hardship.