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Embezzlement fraud, business partnership CA, money order transfers

Asked over 3 years ago - San Jose, CA
Business Business Partnership Embezzlement Fraud Partnerships

Can a money order taken by a partner to pay from corp A to Corp B considered embezzlement of funds. I am a 50% share holder in Corp A and my partner solely owns Corp B and a 50% shareholder in Corp A.
He has been taking money orders to allocate money to his other corporation in this manner. Can I sue him

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Attorney answers (1)

Reputation Level 9
Answered over 3 years ago. Lawsuit / Dispute Attorney in Irvine, CA.
You can certainly sue him. Whether you should however, depends on the agreements between the two of you, and the history of dealing with pay.

You should take your shareholder agreements to an attorney and explain all of the facts. There is more going on here than you've listed in your question. As just one example, are you taking the same amount of money from Corp A?
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