What is the name of your state (only U.S. law)? KY
A person I know has cashed large checks (up to $15,000) for a business owner who is planning on filing for bankruptcy a few months down the road. I'm not sure if they are getting paid to do this or what, but they have done it. They pretty much know the business owner is hiding the money, although I guess they could deny it if (rather when) they are questioned about it. Even then, if they claimed it was payment for something, they would at very least get in trouble for not reporting it on their taxes. This seems pretty idiotic on the part of both parties, and while I don't care what happens to the business owner, what kind of legal trouble could my friend get in?
A person I know has cashed large checks (up to $15,000) for a business owner who is planning on filing for bankruptcy a few months down the road. I'm not sure if they are getting paid to do this or what, but they have done it. They pretty much know the business owner is hiding the money, although I guess they could deny it if (rather when) they are questioned about it. Even then, if they claimed it was payment for something, they would at very least get in trouble for not reporting it on their taxes. This seems pretty idiotic on the part of both parties, and while I don't care what happens to the business owner, what kind of legal trouble could my friend get in?