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Trustee fraud, theft, and embezzlement are all serious crimes that can have devastating consequences for the victims. In trustee fraud, the trustee (the person who manages the property or finances of another person or business) dishonestly uses their position for personal gain. This may involve anything from stealing money to making unauthorized investments. Theft is simply the act of taking something without the owner's permission.
Embezzlement occurs when someone who has been entrusted with money or property illegally uses it for their own benefit. All three of these crimes can have a significant financial impact on the victim, as well as causing emotional distress. If your business has been the victim of any of these crimes, it is important to seek legal advice as soon as possible.
What to Do If a Trustee Is Stealing from Your Business
If you suspect that a trustee is stealing from your business, there are several steps you can take to investigate the matter and protect your interests. First, review your records to see if there are any unusual or unauthorized transactions.
If you find anything suspicious, contact the trustee and ask for an explanation. If the trustee is unable to provide a satisfactory explanation, you may want to contact an attorney or accountant to help you further investigate the matter.
Our Irvine business litigation lawyer at Kirk & Toberty, Attorneys At Law can help you seek financial recovery. We’ll look into your unique situation and explain your options. Let us help you!
Call our firm at (949) 416-2215 today to discuss your case.
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Trustees are supposed to be fiduciaries who act in the best interests of the trust's beneficiaries. However, in some cases, trustees may instead choose to exploit their position of power for personal gain. This can take many forms, including embezzling trust funds, making unauthorized transactions, or misappropriating trust property.
Businesses that are victims of business trustee theft can suffer significant financial losses, and the damage to their reputation can be difficult to repair. If you suspect that your business has been the victim of business trustee theft, it is important to take action immediately.
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