The CFO must legally account to the Board of Directors or can be terminated. The records belong to the company, not the CFO. You won't know about crimes until the records are examined, but there is a breach of fiduciary duty on the CFO's part based on the facts you disclose.
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Accounting records should be accessible by all the owners. Thus, at the very least, the CFO has breached her fiduciary duty owed to the owners.Ask a similar question
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).
This information does not constitute legal advice and does not establish an attorney-client relationship.Ask a similar question