Embezzlement Reporting In Michigan

Summary

Embezzlement involves misappropriation of funds entrusted to someones care. In Michigan, the statute of limitations for felony embezzlement is 6 years. Failing to report it might be viewed as complicity or neglect of duty. The owner covering costs due to embezzlement isnt necessarily covering it up but must report the crime and cooperate with authorities. Consult a local attorney for specific advice.

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Embezzlement and reporting
Hello ****, I'm here to help. Could you please provide more details about the embezzlement situation? Are you a victim, witness, or accused? And, may I know your location as the laws can vary?
An employee was using a company credit card for business trips and took out cash to keep for themselves. Then the financial director saw the expense reports and did nothing
Hello ****, thank you for the information. The situation you're describing may involve embezzlement and failure to act against it.
- Embezzlement is illegal, it involves misappropriation of funds entrusted to someone's care.
- Failing to act against it can potentially be viewed as complicity or neglect of duty.
However, it's essential to consult with a lawyer to understand the legal implications fully. Can you please provide your location so I can suggest a suitable legal course of action?
I'm asking for a friend's business in Michigan
Hello ****, thank you for providing the location. In Michigan:
- Embezzlement is a serious crime (Michigan Penal Code Section *.*).
- Failing to report it might be viewed as complicity or neglect of duty.
It's crucial your friend consults with a local attorney for specific advice.
What if the owner has to put more money into the company to cover employee costs because of the embezzlement. Would that be covering it up?
The owner investing more money to cover costs doesn't necessarily constitute covering up embezzlement. However, it's important to report the crime and cooperate with authorities during investigations. Ignoring or not reporting it could lead to legal complications. Consult a local attorney for specific advice.
How far back can you go for charges? The embezzlement took place two years ago
In Michigan, the statute of limitations for felony embezzlement charges is 6 years from the time the crime was committed or should have been discovered. So, charges can still be brought for an embezzlement that took place two years ago.
Thank you!
You're welcome, ****! If you or your friend have more questions or need further clarification, feel free to ask. It's vital to consult with a local attorney for advice tailored to your friend's situation.