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  1. #1
    Join Date
    Nov 2011
    Posts
    1

    Default Previous Employee Got Financial Information from Best Friend Bank Manager

    My question involves business law in the state of: Massachusetts


    My question is :

    A little background : I work for a small business, the owner of the business is also the boss.

    We had a previous employee whose best friend happened to be the branch manager of the local bank where we did business. This employee was able to obtain, through his bank manager friend, all of the business's confidential payroll information, balance information, and all financials regarding the business and the owner's personal finances. Armed with this information, he tainted the rest of the staff, and ended up taking the other employee with him when he was eventually let go. Leaving the business with no employees, and the boss/owner left holding the ball. This was always suspected, but never able to confirm. We contacted the bank with our suspicions and were quickly dismissed. Told there was NO way of seeing who has viewed accounts, and no way to prove it. Which, as a previous bank employee myself, I know for a FACT there are electronic fingerprints on every account in the banking industry due to the Privacy Act of '74. After further discussion, we also realized there was a substancial amount of money missing during the time of this employee's employment, leading us to believe this bank employee and our previous employee have done more then simply look at the business information. After several accountants reviewing the financials, and no one being able to see where approximately 20k per yr over a 3 yr period has gone, we realize there is a major problem. What should the next course of action be, and do we have a case against both the bank employee and our previous employee?

  2. #2
    Join Date
    Sep 2005
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    Behind a Desk
    Posts
    98,846

    Default Re: Previous Employee Got Financial Information from Best Friend Bank Manager

    You should consult a lawyer to discuss the possibility of litigation and using discovery to obtain records that might substantiate what, right now, seems like a lot of speculation. This is not a do-it-yourself project. The bank will have lawyers.

  3. #3
    Join Date
    Sep 2011
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    OH10
    Posts
    17,019

    Default Re: Previous Employee Got Financial Information from Best Friend Bank Manager

    The owner should be able to trace the financials. The lawyer can handle the bank issue.

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