P
platinumwarlock
Guest
Michigan
I am employed at a very small C Corporation. The president has been using company money as a personal credit account. If he sees something he wants for personal use, he uses the company credit card. His account for this purpose is in the thousands of dollars. Even if he intends to pay this back to the company, is this embezzlement?
I am particularly angry about this because our IRAs are suspended because of lack of sales. For over a year, I was having money taken out of my paycheck to go into my IRA. I eventually found out that the money was not going in my IRA, it was being "held" (on paper anyway, more accurately it was being used for company debt). I am now owed this money, with no sign of ever getting it back, either in cash or in my IRA. Is this a crime? Even if it isn't, isn't it particularly shameful that the president uses company money for himself and yet doesn't pay back employee IRA money?
Any advice is greatly appreciated.
I am employed at a very small C Corporation. The president has been using company money as a personal credit account. If he sees something he wants for personal use, he uses the company credit card. His account for this purpose is in the thousands of dollars. Even if he intends to pay this back to the company, is this embezzlement?
I am particularly angry about this because our IRAs are suspended because of lack of sales. For over a year, I was having money taken out of my paycheck to go into my IRA. I eventually found out that the money was not going in my IRA, it was being "held" (on paper anyway, more accurately it was being used for company debt). I am now owed this money, with no sign of ever getting it back, either in cash or in my IRA. Is this a crime? Even if it isn't, isn't it particularly shameful that the president uses company money for himself and yet doesn't pay back employee IRA money?
Any advice is greatly appreciated.