I have a buisness partner who is transferring money from company account to his personal account without the permission of the partners, can i go to the police to file theft charges? Because he won't tell us where the money is going to.
2007-02-03 13:07:12 · 5 answers · asked by RAYMOND P 1 in Politics & Government ➔ Law Enforcement & Police
By all means make a police report, and then the local district attorney can file a criminal charge against this person. What you and the other injured parties can do is bring a civil lawsuit against him to recover your damages, in conversion, fraud, breach of fiduciary duty, and so on.
2007-02-03 13:20:02 · answer #1 · answered by Jeffrey V 4 · 2⤊ 0⤋
First of all, sounds like your business partner isn't really a partner...sounds like he's holding all the cards and you're whining to everyone instead of handling the problem.
Get a sack, man!
Secondly, if the business partner is an authorized signatory on the account, and your bylaws don't require more than one signature on checks or to authorize transfers, you're out of luck.
If your bylaws *do* require more than one signature, or he *isn't* an authorized signatory, and your bank has been allowing the checks paid or transfers made, then the *bank* is liable for any losses for your business.
2007-02-03 15:06:57 · answer #2 · answered by Anonymous · 0⤊ 1⤋
What you want to do is stop all withdraws and performance a multi signature required for any withdraw from the following on out. also i ought to consult my lawyer now in the previous you have not got any funds or business business enterprise left. He may be charged for embezzlement
2016-11-02 06:15:24 · answer #3 · answered by Anonymous · 0⤊ 0⤋
That is called embezzlement.
2007-02-03 13:12:58 · answer #4 · answered by mhp_wizo_93_418 7 · 0⤊ 0⤋
yes you can
2007-02-03 14:19:26 · answer #5 · answered by glamour04111 7 · 0⤊ 0⤋