Company VISA card Troubles

California

How far can they take this?

• COO/stockholder of 125 person, $14 million per year firm.
• Forced to resign on 9-22-03 or be terminated for cause over alleged corporate Visa card abuse. Was threatened with prosecution, jail time, etc. by CEO. I resigned under pressure so that my reputation would not be hurt.
• Traveled extensively (250,000 -300,000 air miles) and used card for all travel and business development. Used card for other employee purchases (corporate) from time to time.
• Total card expenses over 21 months was $157,000- No formal company credit card policy in place.
• Made some personal purchases, but always marked on my monthly statement and made restitution. However, I may have missed several small transactions.
• Being told to go back and mark up 21 months of VISA bills with long descriptions for each transaction, and make restitution for anything questionable. Given to 10-03-03, or else face prosecution.
• Other executives have questionable, shady expenses not questioned, or being asked to detail.

[HomeGuru]

Originally posted by execone
California

How far can they take this?

• COO/stockholder of 125 person, $14 million per year firm.
• Forced to resign on 9-22-03 or be terminated for cause over alleged corporate Visa card abuse. Was threatened with prosecution, jail time, etc. by CEO. I resigned under pressure so that my reputation would not be hurt.
• Traveled extensively (250,000 -300,000 air miles) and used card for all travel and business development. Used card for other employee purchases (corporate) from time to time.
• Total card expenses over 21 months was $157,000- No formal company credit card policy in place.
• Made some personal purchases, but always marked on my monthly statement and made restitution. However, I may have missed several small transactions.
• Being told to go back and mark up 21 months of VISA bills with long descriptions for each transaction, and make restitution for anything questionable. Given to 10-03-03, or else face prosecution.
• Other executives have questionable, shady expenses not questioned, or being asked to detail.

**A: thanks you for writing and good luck on finding a new job.