One of two partners (partner A) changed the locks on the doors and bank accounts while the other was away. Partner A has taken 70% of the income (k1's) through draws. Partner A through deposition states he disolved the company by the end of 2005 but continues to write checks from the new bank account of the business owned by both partners A and B. (although it is under the company they both owned only partner A has his name on it as a signer, partner B has no access at all to these monies). Partner A wrote checks to his new company for large sums of money and then again to himself in march of 2006. He incorporated and says dissolved by Dec 2005 without distributing the monies evenly or correctly.
Partner B is interested if the thresshold for embezzlement has been reached and if a criminal complaint could be filed? police station or District Attorneys office?
2006-09-16 07:45:30 · 3 answers · asked by laxthefacts 2 in Business & Finance ➔ Taxes ➔ United States
What does common sense tell you?
The moral threshold is the very thought of thevery.
2006-09-16 07:51:01 · answer #1 · answered by Stan B 2 · 0⤊ 0⤋
If there is a minimum, it would depend on the state the partnership was in. The amount would matter in separating a misdemeanor from a felony, but I believe a CRIME has occurred at any amount.
2006-09-16 15:11:41 · answer #2 · answered by STEVEN F 7 · 0⤊ 0⤋
All I know is that stealing anything worth over $100.00 is considered a Federal Offense. Good Luck ! :)
2006-09-16 14:47:46 · answer #3 · answered by tysavage2001 6 · 0⤊ 1⤋