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I work for a large retail furniuture company that is ...

Sent to Legal Experts January 16 2008 at 1:51 PM
   

I work for a large retail furniuture company that is independently owned. The company is in severe finacial trouble, has been accepting full payment for furniture purchases, and the company has not delivered any of the furniture for over tw0 months, in some cases. The owner of the company continues to pay his own household bills, use the corporate credit card for personal use, and even paid his house payment recently for three months forward. There IS a possibility that he uses this as his salary. As I understand he does not take a salary. At any rate, I am very concerned that I might be involved with a company that is defrauding customers. It is the intent to deliver all merchandise, but it is snowballing on a daily basis. Advice?

Customer (name blocked for privacy)
Status:  Closed   Value: $15
Answer
January 16 2008 at 2:01 PM (10 minutes and 3 seconds later)
         
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Bill F. -- Paralegal -- 99% Positive Feedback on 1329 Legal Accepts
State Paralegal - 10 Years Hands on Legal Experience
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January 16 2008 at 2:08 PM (6 minutes and 46 seconds later)
         
I apologize, but I did mention that the owner is actively seeking a way to deliver the merchandise. The biggest issue is that he is using the company checkbook, corporate credit card, etc., to pay his bills, rather that using that money to pay for the wholesale cost of the merchandise so that we can deliver asap.
Customer (name blocked for privacy)
Answer
January 16 2008 at 2:46 PM (37 minutes and 35 seconds later)
         
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He is violating the fiduciary responsibility to his customer and could be breaking other state laws by using the companies money that people have entrusted to him for merchandise for personal gain. he legally is only entitled to use the money that is his profit from the sale and needs to have the money to pay for the items available when it comes in. In addition you stated he is paying his mortgage bill three months ahead which is a sign of his intent to commit fraud (meaning he knows what he is doing).

Good luck. If you have any other related questions please let me know. If you found this answer helpful please accept so I can continue to help others like you in the future. Thank you.

Bill F. -- Paralegal -- 99% Positive Feedback on 1329 Legal Accepts
State Paralegal - 10 Years Hands on Legal Experience
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