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

Santa Monica, CA Viewed 34 times. Posted 23 days ago in Fraud

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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Answers (2)

Kenneth Lewis Swenson

This attorney is licensed in California. Posted 23 days ago.

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.

Kenneth Evan Chyten

This attorney is licensed in California. Posted 22 days ago.

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.