CFO grabs all cash & checks to deposit to corp bank acct, but found out some money was not deposited, this caused company's bank account to be deficit, all 3 owners must deposit $2000 each to keep business running, no proof of CFO's deposit, CFO spends all expenses w/o other corp officers' consent/approval. president & treasurer/secretary need CFO provide accounting records since 3+ months ago, CFO hides all records at her home, not in the office. CFO provided no accounting records, how to demand accounting records (journals, ledgers, bank statements, financial statements, profit & loss reports) from CFO, she claimed that nobody can access to accounting records except her. Is it legal? Has CFO committed any fraud or crime?
What the CFO has done is a breach of her fiduciary duty to the corporation and its shareholders.
The president, pursuant to a resolution of the board of directors, should retain a business litigator to advise the corporation as to how it should proceed.
The CFO may have committed one or more crimes. However, police and the local prosecutor probably would consider this a civil, rather than criminal, matter (they have more-serious crimes to focus on).