Criminal » Embezzlement Legal Questions and Answers

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Is it embezzlement by one partner if he is using company funds to pay personal expenses?

In a corporation where the partners are 50/50 owners - is it embezzlement by one partner if he is using company funds to pay personal expenses instead of the company issuing a check as repayment of loan? Does he have the right to spend company money however he pleases just because he loaned the company money?

08/13/2007   |   Category: Criminal » Embezzlement   |   State: Florida   |   #7901
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