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Godfather1 
LSU Fan
Home Sweet Home SE Louisiana
Member since Oct 2006
26199 posts
| re: Found out my sister embezzled 200k from her employer (Posted on 2/12/13 at 12:03 pm to BTHog)
quote:
if he has a $380K piece of property he has the means of acquiring $200K.
Not necessarily. Especially if he inherited it.
My BIL and his brother own a beachfront condo that they inherited. Because the brother and his wife are spendthrifts who live way beyond their means, they are being forced to sell it, since my BIL (who I think would like to keep it) doesn't have the necessary funds to buy his brother out.
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Chef Leppard
Savannah State Fan
:TrillStrong:
Member since Sep 2011
4919 posts
| re: Found out my sister embezzled 200k from her employer (Posted on 2/12/13 at 12:05 pm to lsu480)
Yeah. Its just fricking unbelievably difficult to think that to avoid repercussions from stealing, shes basically going to steal from me and avoid any consequences whatsoever
to finance her living like a Hilton for a couple years basically
Idk. Ill know by the end of the week for sure
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cfish140
LSU Fan
BR
Member since Aug 2007
2219 posts
| re: Found out my sister embezzled 200k from her employer (Posted on 2/12/13 at 12:06 pm to Chef Leppard)
I got in trouble for posting the details of my DUI arrest back in 08 on the OT...so you're probably definately going to get in some shite for this
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White Roach
LSU Fan
Madisonville, LA
Member since Apr 2009
1524 posts
| re: Found out my sister embezzled 200k from her employer (Posted on 2/12/13 at 12:09 pm to BTHog)
The OP is back in the thread, so perhaps he can clarify, but if this woman is so leveraged that she's embezzling, I'm willing to bet she's already mortgaged the inherited property.
Also, has it occurred to you that even if the property is unencumbered AND the sister transfers it to her brother, he may not have the capacity to repay the $200,000 loan? He may not even qualify because of existing
financial obligations or his income level. Not as simple as you make it sound...
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Godfather1
LSU Fan
Home Sweet Home SE Louisiana
Member since Oct 2006
26199 posts
| re: Found out my sister embezzled 200k from her employer (Posted on 2/12/13 at 12:10 pm to Chef Leppard)
quote:
Yeah. Its just fricking unbelievably difficult to think that to avoid repercussions from stealing, shes basically going to steal from me and avoid any consequences whatsoever
She's not avoiding all consequences.
Unless she's a totally soulless individual, she'll never be able to look you in the eye again. Her relationship with you, her own blood, is forever altered. She's lost your trust, likely forever.
Personally, I'd take the jail time over facing consequences like that with my family.
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Dandy Lion 
Gonzaga Fan
Bruddalandia + Curry Mao Mao, buuuf
Member since Feb 2010
17745 posts
| re: Found out my sister embezzled 200k from her employer (Posted on 2/12/13 at 12:15 pm to BTHog)
quote:
he borrows $200K against it ,
IN THIS MARKET?
Do you really think he'll get that, at a respectable rate of interest, for a property valued at 380K in a healthy market?
This post was edited on 2/12 at 12:16 pm
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biglego
LSU Fan
your mom knows
Member since Nov 2007
13050 posts
| re: Found out my sister embezzled 200k from her employer (Posted on 2/12/13 at 12:17 pm to Godfather1)
Screw that. At least in Louisiana that's a serious felony and she could do some real prison time. I'd let my sister do it. I'd also have her acknowledge the debt to me and have it civilly binding. Probably wont ever get it back but I wouldn't let my sister, thief or not, go to prison.
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Godfather1
LSU Fan
Home Sweet Home SE Louisiana
Member since Oct 2006
26199 posts
| re: Found out my sister embezzled 200k from her employer (Posted on 2/12/13 at 12:33 pm to biglego)
quote:
but I wouldn't let my sister, thief or not, go to prison.
I stated earlier in the thread that this would be my position, also, if in the OP's shoes.
However, if in the sister's shoes, I'd man up and accept society's consequences rather than screw over my own flesh and blood.
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moneyg
LSU Fan
Member since Jun 2006
14883 posts
| re: Found out my sister embezzled 200k from her employer (Posted on 2/12/13 at 12:35 pm to Chef Leppard)
quote:
Idk. I guess because she was able to make sense up till now of stealing from her employer rather than look me in the face and take what we both know is mine
Apparently living alongside her bunch of yuppie friends and living a lie was worth risking prison for
What is her plan for this? Is she asking you to go along with this and then promising repayment over time? Is should asking you to go along with this without promising repayment?
What has she done since this became known to give you confidence that she will do whatever it takes to make you whole again...should you agree to help her out?
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stout 
Arizona Fan
Pandora
Member since Sep 2006
106054 posts
| re: Found out my sister embezzled 200k from her employer (Posted on 2/12/13 at 12:45 pm to White Roach)
quote:
Also, has it occurred to you that even if the property is unencumbered AND the sister transfers it to her brother, he may not have the capacity to repay the $200,000 loan? He may not even qualify because of existing
financial obligations or his income level. Not as simple as you make it sound...
BTHog has shown how truly ignorant he is in this thread.
Dude needs to stick to changing out brake pads instead of giving out financial, real estate, and legal advice.
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Tittle'sPants 
North Carolina St. Fan
Fifth Circuit
Member since Aug 2012
390 posts
| re: Found out my sister embezzled 200k from her employer (Posted on 2/12/13 at 12:54 pm to stout)
how did you deed her the property? what was the interest you gave her in it?
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Carson123987
LSU Fan
Middle Court at The Rec
Member since Jul 2011
22971 posts
| re: Found out my sister embezzled 200k from her employer (Posted on 2/12/13 at 1:12 pm to BTHog)
quote:
dude, if this thread wasn't bull shite the OP would just write the sister a check for $200K for her half of the property in question and wash his hand of it.
you are STILL acting like this is no big deal? 
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dagrippa
LSU Fan
Saigon
Member since Nov 2004
1429 posts
| re: Found out my sister embezzled 200k from her employer (Posted on 2/12/13 at 1:20 pm to BTHog)
quote:
dude, if this thread wasn't bull shite the OP would just write the sister a check for $200K for her half of the property in question and wash his hand of it.
I'm not saying it isn't BS but what you said is certainly BS. I own property outright valued at more than his but couldn't just trip down and cut a check for 200grand with no problem.
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CtotheVrzrbck 
Oklahoma State Fan
Tulsey Town
Member since Dec 2007
14531 posts
| re: Found out my sister embezzled 200k from her employer (Posted on 2/12/13 at 4:49 pm to Chef Leppard)
Chef are you on Dr. Phil right now?
Dude's girlfriend stole nearly $500K to fund a failing business. Guess the show is all about how to deal with it and what the couple is going to do going forward. She stole $167k from the guy's mom, and siphoned off from his accounts to prop up her lifestyle.
Thinking about it overnight and how much I dislike my own family, I don't think she's going to learn a thing and they won't be changing their lifestyle so there will be more issues in a few years.
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VetteGuy
LSU Fan
Mandeville
Member since Feb 2008
5211 posts
 Online
| re: Found out my sister embezzled 200k from her employer (Posted on 2/12/13 at 5:08 pm to Chef Leppard)
Man, I feel for you.
I hate it about your property, but if anything, maybe it will keep her out of jail. It dosen't sound like she was always a bad sister to you or that she has always been a thief.
Good luck.
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BTHog 
Arkansas Fan
Member since Jul 2012
7091 posts
| re: Found out my sister embezzled 200k from her employer (Posted on 2/12/13 at 5:24 pm to Dandy Lion)
Yes I believe even today he could get a loan for 50% of lands value.
I have no idea if he could afford such a loan or not. Just pointing out that that would be the best way for him to keep the property whole and help his sister.
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St Augustine 
New Orleans Saints Fan
The Pauper of the Surf
Member since Mar 2006
36429 posts
Online
| re: Found out my sister embezzled 200k from her employer (Posted on 2/12/13 at 5:27 pm to Chef Leppard)
From a saints fan that you probably don't like...I'm truly sorry to hear this bro. Best of luck. Family can absolutely suck sometimes. 
This post was edited on 2/12 at 5:29 pm
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shoelessjoe
LSU Fan
Member since Jul 2006
2577 posts
| re: Found out my sister embezzled 200k from her employer (Posted on 2/12/13 at 5:36 pm to BilJ)
quote:
I don't believe inheritances are considered part of marital property
This.
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shoelessjoe
LSU Fan
Member since Jul 2006
2577 posts
| re: Found out my sister embezzled 200k from her employer (Posted on 2/12/13 at 5:50 pm to HeadyMurphey)
To be honest his lawyer should have let Chef know if he needed to put property in his sisters name to keep it from his ex-wife. If he did this not knowing if he needed he may have fricked himself.
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yellowfin 
Illinois Fan
Paige is Pretty
Member since May 2006
51785 posts
Online
| re: Found out my sister embezzled 200k from her employer (Posted on 2/12/13 at 5:52 pm to Chef Leppard)
She may not go to jail, friend of mine stole 100k from a governmental entity he was working for and never did a day
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