Legal Question in Business Law in California
If the CEO of a Private Corporation uses corporate funds for commodities speculation to raise money, is that illegal if he hides that from the investors in the corporation? The company is an Internet service company.
Asked on 8/06/12, 9:19 am
2 Answers from Attorneys
Anthony Roach
Law Office of Anthony A. Roach
Hiding information from investors is illegal.
Answered on 8/06/12, 12:41 pm
Terry A. Nelson
Nelson & Lawless
He is in violation of corporate and criminal rules. If he loses or steals money causing a loss to investors, he would be subject to criminal prosecution and civil suit and restitution of the money. If serious about getting legal help for the investors and company, feel free to contact me.
Answered on 8/06/12, 2:27 pm
Related Questions & Answers
-
I purchased a restaurant for 30,000 the guy said give him half 15,000 and the rest... Asked 8/04/12, 10:58 am in United States California Business Law
-
Is it legal for a company to charge a credit card convenience fee? Asked 8/03/12, 7:33 pm in United States California Business Law
-
Hello I'd like to ask if i can legally limit number of people selling goods i... Asked 7/31/12, 9:08 am in United States California Business Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
