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re: If the company you were working for was committing fraud?
Posted on 11/16/16 at 10:48 am to uptownsage
Posted on 11/16/16 at 10:48 am to uptownsage
If you know about a crime and do not report it you are committing a felony. so yes.
Posted on 11/16/16 at 11:01 am to DirtyMikeandtheBoys
quote:
If you know about a crime and do not report it you are committing a felony. so yes
How bout, it's the right thing to do?
Posted on 11/16/16 at 2:51 pm to DirtyMikeandtheBoys
quote:Does that apply to everything?
If you know about a crime and do not report it you are committing a felony. so yes.
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 on 11/16/16 at 2:51 pm to DirtyMikeandtheBoys
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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