[belvisos]

A family member's accountant has embezzeled at least $240K from their business account. This just was discovered within the last couple of weeks. They immediately removed all of their records from his office. First question is where do you report this type of crime? FBI, local Police... They are waiting to report the crime until they find out how bad he messed up their accounts. They are worried about things like whether the taxes (including federal, state, payroll...) have actually been paid. They would like to know that ahead of time so they can get that stuff paid if possible. Will they be in trouble if they don't report the crime immediately? Does business insurance pay for these types of losses?

State=Ohio

[aaron]

They should report the crime immediately. They can start with the local police department.

They would have to check their insurance policy to see if they have coverage, but delay in making a claim (and possibly delay in filing a police report) could jeopardize any coverage that they have.