My friend altough not working for his former company, for some reason he continues to get paid...Why and what will happen if they find out?
2007-09-16 22:53:02 · 9 answers · asked by george v 1 in Business & Finance ➔ Personal Finance
Court case, bad publicity, possibly affect his credit rating. Pay it back before they come for it!
2007-09-16 22:59:24 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Im assuming he's in the UK.
If the payments stop, the employer will have spotted it and will write to ask for it back, possibly via a debt recovery agency, but unlikely at the early stage. If there is no reply, and the amounts are not huge ( <£2000) then they may give up and not bother.
It the payments continue, then when it IS spotted, they will come after him with much more effort, and he will have no excuse of ignorance.
The only wasy he can keep it, is if he queries it, and is TOLD by a representative of the employer that he IS entitled to it. Unlikely to happen.....
My best advice would be that he puts it somewhere high interest until they want it back.
Thats the practical advice, on a legal framework. The ethics are down to him.
2007-09-16 23:48:25 · answer #2 · answered by Subic 5 · 1⤊ 0⤋
If ever these two companies are competitors on similar activities, then it is a big problem likely to lead to trouble, soon or late.
In such a case, he will just be immediately fired and justice suites are much likely...
2007-09-16 23:03:02 · answer #3 · answered by Space Bluesman 5 · 0⤊ 1⤋
What will happen if they found out? Your friend will beat the living tar outta you for posting it here and tipping them off in the first place : P
2007-09-16 23:01:31 · answer #4 · answered by Shienaran 7 · 0⤊ 1⤋
They will send a demand letter for the funds, to which he is NOT legally entitled. Should he fail to pay them, he can be sued.
2007-09-16 22:57:06 · answer #5 · answered by Bill 6 · 2⤊ 0⤋
He's going to be in serious criminal trouble if he doesn't report it. And they will figure it out! Soon as they audit and then he will be lucky if the police don't show up at his door. It's stealing.
2007-09-16 23:10:06 · answer #6 · answered by Anonymous · 0⤊ 1⤋
Your friend is stealing. Return all of the funds quickly.
2007-09-17 01:10:57 · answer #7 · answered by Gary 5 · 0⤊ 0⤋
It could even be criminal. Felonious if the amount is large enough.
2007-09-16 23:01:27 · answer #8 · answered by James Watkin 7 · 1⤊ 0⤋
Can you say: FRAUD!
(it's his responsibility to advise his past employer).
2007-09-17 01:16:12 · answer #9 · answered by Common Sense 7 · 0⤊ 0⤋