Re: Tennessee Embezzlement
Are you presently concerned about being criminally charged, or is your concern about being sued?
Your CPA license fees were $50,000?
Re: Tennessee Embezzlement
Quote:
Quoting
Mr. Knowitall
Are you presently concerned about being criminally charged, or is your concern about being sued?
Your CPA license fees were $50,000?
The $50K was for the '99, '00, '01, '02, '03 and '04 years. It wasn't only for CPE, it also included two peer reviews, Professional Privilege Tax and the big kicker of travel. They wouldn't let me get any cheapy local CPE like most do to meet the minimum requirements. They wanted me to get CPE that was specific to their industry and what I actually did for them. I could understand that and had no problem with it since they agreed to pay for it. However, specific CPE isn't always available locally and more times than not, you have to spend the night somewhere in a motel. Especially the two or more day seminars.
Originally the $50K figure was quite a bit higher, but it included a number that was easily defended by me. So easy in fact that they were probably leery of including it. Basically the company carried NO company credit card. The phone/internet company we were with would only accept payment by tapping a credit card monthly. My Amex was hit with $397/month plus any overages that month. That was the method from about '01 'til March of '05. I was in such shock when all of this went down that I forgot to cancel it for three months after I left. However, I was told by the State CPA Board's investigator that it WAS included in the big number they gave to the insurance company.
I don't think I will face criminal charges. The investigator found me innocent (as far as the State Board is concerned) which was a huge win since his boss was one of my accusers. He spoke with the state attorney on my behalf and he agreed no charges would be filed. He also said that since my former company turned it over to insurance and was reimbursed, it was out of their hands to prosecute or come against me in any way. He said it was up to the insurance company if they wanted to do anything. Not sure if he's right or wrong, just what he told me. He did instruct me to put that copy of the cashier's check of $25K in a safety deposit box and keep it. He said it was my "get out of jail free card." He wouldn't elaborate on that though.
I guess I'm just not sure how much more I have to worry about the insurance company coming after me. Although I haven't been legally charged with a crime, and I won with the Board, it's a small town and word gets out and it almost completely put me under financially. If I had to get an attorney to defend myself against the insurance company, it would be a difficult task to say the least. Between finding an attorney within a decent radius that they don't have retained or finding one that doesn't have some sort of tie with them, the money would be out of reach.
I was almost to the point that the constant worry had dwindled. I get a voice mail two days ago from a law firm with no detail, just a case number and a phone number. I nearly got sick with worry. I called them back and it was concerning the people that had my phone number previously. I was relieved, but it brought back that feeling.
Thank you for taking the time to respond to my questions. I really do appreciate it.