can anything be done?

[talllady]

Okay so my friend Sally use to be in a group where her position was to keep track of all the money. So she opened up a business account at a bank for the organization under her name. Sally's checking/savings account is with another bank. After awhile Sally left this organization and someone else took over and the account holder names were changed.

When she went in to open a checking/savings account the other day at that bank, she was automatically linked to the organization account on her online banking. The banker told her this was because when Sally opened the account, she was put down as the executive owner. Even though they changed the name of the account holder, she is still considered executive owner. She would have to come in with the currently account holder to fix the situation.

The organization has no idea that Sally is still linked to their account or can see their account balance and have access to their money. On the online banking I can easily transfer money out of that account.

Any bad ideas? Too risky?

[SuperBeast]

cashout like a boss.

[talllady]

Originally Posted by SuperBeast

cashout like a boss.

How can my friend cash out without getting in trouble? It will be obvious my friend did it, and popo will be on her ass. It's like 10g in that account.

Not much I can do huh? Should I just leave it?

[skygear]

I've known people in this situation. Legally, they are depositing the money in "your" account if I remember correctly. But I'll ask my buddy monday about the situation.

Another acquaintance waited until the $$ figure was more substantial, like in the $30k range. They cashed out and closed the account then left the country.

One more person I was talking to. Told me they left a company under bad terms. A 2 weeks later they had a friend go to the business and call them on their personal phone for a short conversation. They called back a moment later and spoke to there friend for a few minutes. Same day they cut a few checks amounting to the total balance in the accounts.
- since the person was the main account holder initially and thus an authorized signer, there was nothing they could do.
- A few nasty rally and idol threats were made against the person but that was it. They were told the LEO was called but the police again told them the way the law read they did nothing LEGALLY wrong. Morally, YES but not LEGALLY - the LEO recommended small claims court and getting another account.

[talllady]

Originally Posted by skygear

I've known people in this situation. Legally, they are depositing the money in "your" account if I remember correctly. But I'll ask my buddy monday about the situation.

Another acquaintance waited until the $$ figure was more substantial, like in the $30k range. They cashed out and closed the account then left the country.

One more person I was talking to. Told me they left a company under bad terms. A 2 weeks later they had a friend go to the business and call them on their personal phone for a short conversation. They called back a moment later and spoke to there friend for a few minutes. Same day they cut a few checks amounting to the total balance in the accounts.
- since the person was the main account holder initially and thus an authorized signer, there was nothing they could do.
- A few nasty rally and idol threats were made against the person but that was it. They were told the LEO was called but the police again told them the way the law read they did nothing LEGALLY wrong. Morally, YES but not LEGALLY - the LEO recommended small claims court and getting another account.

What do the phone calls have to do with the situation. I'm confused.

Also my friend has to find out more info, because she says she remembers signing some papers saying she was no longer a signer on the account. But If she is the executive owner of the account that means she is still a signer?

Maybe she should just consult with a lawyer? If it is legal for her to be able to just cash out, with no repercussions... then she might just do that because she am on bad terms with this organization.

[tomjonesa22]

Just leave it be 10 gs is not gonna be enough for lawyers

[skygear]

The phone calls were there alibi as to if it ever became a legal matter.
" They called me and said they were sorry and told me to take my share, so I called back to thank them and verify everything was on the up n up"

- or whatever but to verify contact. A verbal agreement is the same as a written one in most states/ places