What happens when someone steals money from your company?

Learning that someone is stealing money from your own company is very distressing and difficult to process, but it’s even worse when it is a business partner or someone with a stake in the ownership of your business. If this happens, this person is breaking the law and can be prosecuted.

What to do if your business partner steals from your company?

If you think that your business partner has stolen from the company in some way, it can be difficult to prove. You need to obtain evidence that points to the guilty party involved. It is not recommended to just confront the person in case it is a simple mistake or missed entry.

Can a business partner be charged with fraud and embezzlement?

The criminal offenses of fraud and embezzlement are strong bargaining chips to recover the lost money or property, and remove the individual from the company. Your attorney will guide you through the process of whether or not to file criminal charges, and manage the negotiations with your business partner or their attorney.

Can a bank employee steal from a customer?

Yes, we’re talking about bank employees. They often deal with tens of thousands of dollars each day, and it is difficult for some to resist stealing a few grand. It is surprisingly easy—and common—for an employee to siphon money from the bank’s customers.

Is it illegal for a business partner to steal money?

A business partner stealing money from the partnership’s capital or revenue isn’t unusual. However, doing so is criminal and absolutely unacceptable. Furthermore, money isn’t the only thing that can be stolen by unscrupulous individuals in a partnership. Can Your Stealing Business Partner Be Prosecuted?

What happens when a partner or co-owner is stealing from?

The next step is to contact an experienced business and litigation attorney who can guide you through the process. The next step is to obtain real evidence that theft is occurring and to identify the person or persons involved. It is not prudent to simply accuse a partner or co-owner of stealing money from the business without solid evidence.

What to do when an employee steals money?

It can be as simple as a clerk at a store stealing from the cash register or taking money from customers and voiding the sale, to a more complicated theft such as employees falsifying their expense accounts or writing phony checks. Keep these six action steps on hand with by downloading this free cheat sheet.

The criminal offenses of fraud and embezzlement are strong bargaining chips to recover the lost money or property, and remove the individual from the company. Your attorney will guide you through the process of whether or not to file criminal charges, and manage the negotiations with your business partner or their attorney.