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Is it embezzeling??

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Benchracer52

Junior Member
What is the name of your state (only U.S. law)? Ohio

OK - I started a LLC with another guy a year ago. He started the comany bank account. He also took out a loan to cover his portion of the buy in for the LLC.

He took money from the LLC all along to pay the payments on his loan.

He also transfered $16,000 to another one of his accounts out of the LLC account without my approval.

I will press charges for embezzlement of it is that. I have an appointment with an attorney to discuss it but was hoping for a little insite into the law about this.
 


HomeGuru

Senior Member
What is the name of your state (only U.S. law)? Ohio

OK - I started a LLC with another guy a year ago. He started the comany bank account. He also took out a loan to cover his portion of the buy in for the LLC.

He took money from the LLC all along to pay the payments on his loan.

He also transfered $16,000 to another one of his accounts out of the LLC account without my approval.

I will press charges for embezzlement of it is that. I have an appointment with an attorney to discuss it but was hoping for a little insite into the law about this.
**A: very insightful. Hire the attorney and go after the scumbag.
 

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