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re: If the company you were working for was committing fraud?

Posted on 11/16/16 at 1:56 pm to
Posted by Evolved Simian
Bushwood Country Club
Member since Sep 2010
20621 posts
Posted on 11/16/16 at 1:56 pm to
Absolutely. I would have reported it before even discussing it on the OT.
Posted by Cracker
in a box
Member since Nov 2009
17760 posts
Posted on 11/16/16 at 2:06 pm to
It takes YEARS not months
Posted by Motorboat
At the camp
Member since Oct 2007
22707 posts
Posted on 11/16/16 at 2:11 pm to
quote:

Would you blow the whistle if the company you were working for is committing medicaid fraud?


Ha ha. ya'll accept medicaid. no wonder they need to commit fraud.
Posted by slackster
Houston
Member since Mar 2009
85137 posts
Posted on 11/16/16 at 2:42 pm to
quote:

as far as believing me, couldn't care less


You said it was a larger bankruptcy than Enron and WorldCom. It wasn't. It is entirely plausible you're the whistleblower though, but embellishing the size of the company doesn't help.
Posted by Napoleon
Kenna
Member since Dec 2007
69207 posts
Posted on 11/16/16 at 2:51 pm to
quote:

If you know about a crime and do not report it you are committing a felony. so yes.


Does that apply to everything?

Like if I am in your house say fixing a machine and I see your wife do a rail of coke, and I don't say anything is that a crime?

I see a lot of drug use (and smell) even in high end areas and I would never say anything. The only thing I cannot stand id theives. If I knew someone was stealing I would fink them out in a second.
Posted by WhiskeyDick
shite Poster
Member since Sep 2014
1354 posts
Posted on 11/16/16 at 2:51 pm to
quote:

If you know about a crime and do not report it you are committing a felony. so yes.


This is not correct. You are under no legal obligation to report a crime you know about outside of a few instances. Ex: In certain states if it involves harm to a minor or potential harm to them then you must. Some also require it if it's fraud toward any governmental body. So private company fraud does not apply.

I know this pretty well and had a dozen unbiased lawyers hired to tell us this. In one of my companies a large A shareholder (acting as contract COO for us) embezzled a shite ton from his previous company (of which we had no ties and were not involved outside of an asset purchase agreement). We obviously had no idea until we did a random audit of the assets due to a rep and warranty discrepancy we discovered. In the other entity he had the role of managing member and was the fiduciary of that corporation's funds, which he used as his personal piggy bank. We were in a predicament, as his outing of the old company could be detrimental to our current company.

We did the right thing morally, but took the necessary steps to protect our current company before doing so. We did not however have any legal obligation to do so.
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