You co-signed, that means as far as Jared is concerned, you are equally as liable on the debt as he is. They don't want to know anything else. He has committed fraud, conversion and possibly larceny by giving away something that does not belong to him. My recommendation is to sue both the ex-BF and the new fiance, before Jared decides to sue you and the ex-BF. Whether it is small claims or not depends on how much the ring is worth and how much is owed on it.
Answered on Mar 20th, 2014 at 11:42 AM