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My business partner commited fruad and lied about his identity on business accounts , bank acct's , etc. What are my options?

Asked over 2 years ago - Santa Monica, CA

I have 2 LLC's with a partner that was using a false idenity , he set up bank accounts and defruaded several people out of money. I was a silent partner and unaware of his actions until recently . My partner has since fled I know how to find him but I wanted to know what are my best options for limiting my liability and holding him resposible for his fruad and criminal actions .

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Attorney answers (2)

Kenneth Lewis Swenson

Reputation Level 15

Answered over 2 years ago. Litigation Lawyer in Yuba City, CA.

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In your situation, you immediately seek he advice of counsel and should refrain from posting information on the matter in a public forum like Avvo until you have had a chance to consult with counsel.

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Kenneth Evan Chyten

Reputation Level 14

Answered over 2 years ago. Fraud Lawyer in Oxnard, CA.

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I would contact the district attorney, and cooperate fully in his investigation of your partner.

This is serious business, and you need to consult with an attorney immediately.

I would strongly urge you to consult immediately with a litigator skilled in this area of the law.

PLEASE NOTE THAT THIS RESPONSE SHOULD NOT BE CONSTRUED AS A LEGAL OPINION OR ADVISE, AND DOES NOT CREATE AN ATTORNEY-CLIENT RELATIONSHIP. IN ORDER TO RENDER A LEGAL OPINION OR ADVISE, THE RESPONDING ATTORNEY WOULD NEED FAR MORE INFORMATION THAN HAS BEEN PROVIDED, AND WOULD NEED TO BE RETAINED PURSUANT TO A WRITTEN FEE AGREEMENT.

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