Results 1 to 3 of 3
  1. #1
    Join Date
    Apr 2007
    Posts
    1

    Default Is This Fraud?

    Hi,

    Would love to hear your opinion on this:

    I was named Director of Operations for a startup company. The company was pretty much insolvent when I started. I was working on resurrecting the company. To do this, the investors removed majority voting authority from the founder/owner via a Power of Attorney and put in a temporary CEO (not me). During this time, I authorized around $6000 worth of company expenses on my personal credit card with the expectation that I would be reimbursed. We had no employee handbook stating a reimbursement policy.

    Last March, the investors washed their hands of the company and reinstated the founder/owner. On that day, he "laid me off". Since then I have not been reimbursed for much more than $100 and there appears to be no plan for him to reimburse me.

    This has happened to other management members of this company in the past as well, so there is a pattern here.

    Anyone think this is worth pursuing as fraud? (Not looking for free legal advice -- just wondering if I should bother spending money on an attorney at this point...)

    Appreciate any advice anyone has on this!

  2. #2
    Join Date
    Jul 2006
    Location
    Ohio
    Posts
    1,126

    Default Re: Is This Fraud?

    I don't think its fraud. You didn't have a contract with them stating that it would be reimbursed.

  3. #3
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: Is This Fraud?

    Given the amount involved, if these are all bona fide expenses which benefitted the company, consider seeking reimbursement through small claims court. You didn't identify your state, and in some states $6,000 will exceed the jurisdictional limit of small claims.

    1. Sponsored Links
       

Similar Threads

  1. Fraud: Statute of Limitations on Welfare Fraud and Fraud
    By locoemolatino in forum Criminal Charges
    Replies: 2
    Last Post: 04-05-2011, 09:11 PM
  2. Marriage: Marriage Fraud and Domestic Violence Fraud
    By nxs269 in forum Visas for Business, Tourism and Family
    Replies: 1
    Last Post: 03-03-2009, 06:11 AM
  3. Fraud: Ex Boyfriend Involved Me in Employment Fraud and Tax Fraud
    By sestrella in forum Criminal Charges
    Replies: 2
    Last Post: 08-10-2008, 06:03 AM
  4. Credit / Debit Card Fraud: Bank Calling Back About Credit Card Fraud, Months After the Fraud
    By Boucher83 in forum Criminal Charges
    Replies: 6
    Last Post: 07-11-2008, 07:19 PM
  5. Marriage: Visa Fraud and Marriage Fraud
    By rightfullyso in forum Visas for Business, Tourism and Family
    Replies: 7
    Last Post: 03-07-2008, 11:39 PM
 
 
Sponsored Links

Legal Help, Information and Resources