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05-04-2017, 11:01 AM | #45 | |
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All trust placed in one person's hands without a lot of supervision. Big numbers come when that small business grows rapidly without an accompanying growth in controls. In a 2 person company, having one guy do the finances might make sense. When you grown in a few years to 20-40 or 100 employees, it makes less sense....but people do it. But it isn't that uncommon. Take 2 sample partners: 1 is good with hands/running a shop, but little education and not terribly sophisticated. Partner is some sort of CPA or educated professional. There will be tremendous trust in that relationship....happens all the time. Also true.
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05-04-2017, 11:09 AM | #46 | |
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Agreed, majority of the read was quite depressing.
+1...didn't a speed read of the whole thing Quote:
Yes, good summary. Unfortunate that it's down to mental health. |
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05-04-2017, 11:35 AM | #47 |
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I collect packs of Chick-Fil-A salad toppings and hide them in my desk at work when my company pays for my lunch, my boss knows about it and doesn't seem to mind.
I still haven't told my GF.... probably never will.
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05-04-2017, 02:14 PM | #49 |
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Lots of fun stuff in this, but I'm calling BS on the whole thing - mainly b/c there is no mention of any repossession of all those parts and cars (not to mention that we are supposed to believe that this small father-son business could suck down a half million in hidden losses w/o it being obvious). Like another poster noted, 50 2002's would be worth a bit of cash, even if they were parts cars. Then there are apparently many different rooms/buildings full of parts from internet vendors, etc. I know they will often let you retain a car and home, but can't believe the judge would not garnish these assets for reimbursement.
Or am I just in massive denial....I mean, who hasn't made a firm 'never go in the basement' rule with their family - nothing weird about that, is there? Its my 'man cave'. |
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05-04-2017, 03:10 PM | #50 |
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yeah.. unless you are spending hundreds of thousands of dollars of company money on said salad dressing.... not the same thing.
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05-04-2017, 03:12 PM | #51 |
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Given the length and elaborate details of this story, I was hoping for a classic "rick roll"
It did make me laugh that the guy still drives a BMW, but really depressing if actually true.
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05-04-2017, 03:38 PM | #52 |
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05-04-2017, 04:18 PM | #53 |
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05-04-2017, 05:00 PM | #55 |
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maybe there should be a rehabilitation centre for BMW enthusiasts
all jokes aside its an extremely sad story, hopefully we don't hear more of this kind of stuff happening. |
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05-04-2017, 05:25 PM | #56 |
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good to know how to get out of the psych ward.
3 paragraphs on how nice the guy is but not one sentence on what happened to the fkn BMW's!! |
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05-04-2017, 05:58 PM | #58 |
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05-04-2017, 06:08 PM | #59 |
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THIS ... completely agree
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05-04-2017, 07:13 PM | #60 | |
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05-04-2017, 07:47 PM | #62 |
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http://www.ptindirectory.com/tax-pre...e-sampsell-cpa
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05-05-2017, 03:07 AM | #64 | |
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05-05-2017, 05:05 AM | #66 | ||
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