Power of Attorney is embezzling from my workplace, am I liable?

[Cammy]

The owner of the company that I work for has given her daughter Power of Attorney (owner lives with daughter and has dementia). Since the daughter has taken over, the only thing she's done with respect to the company is spend company funds. She purchased a 'company car' for $12,000, but the car is hers (she doesn't even work for our company, she works at a hospital). She has spent thousands on trips to Costco for personal groceries, at restaurants, on a gym membership, and on Groupons (all for goods and services located over 50 miles from the company). Every month I have to write a check for the monthly payment on the car she drives. I am horrified by her behavior....her mother worked hard to bring this company back from near bankruptcy and she's undone everything. I'm also afraid that by continuing to write these checks, I could be charged with a crime because I know it's embezzlement. Any advice?

 

[Betty3]

Unless the POA notes different, using the money for your own use is not allowed. It is a "breach of fiduciary duty". Generally the first thing to do if abuse of the POA is known or suspected, is to talk to a lawyer. The lawyer can assist in revoking the power of attorney, demanding the return of the stolen money and if necessary filing a lawsuit.

 

[army judge]

The owner of the company that I work for has given her daughter Power of Attorney (owner lives with daughter and has dementia). Since the daughter has taken over, the only thing she's done with respect to the company is spend company funds. She purchased a 'company car' for $12,000, but the car is hers (she doesn't even work for our company, she works at a hospital). She has spent thousands on trips to Costco for personal groceries, at restaurants, on a gym membership, and on Groupons (all for goods and services located over 50 miles from the company). Every month I have to write a check for the monthly payment on the car she drives. I am horrified by her behavior....her mother worked hard to bring this company back from near bankruptcy and she's undone everything. I'm also afraid that by continuing to write these checks, I could be charged with a crime because I know it's embezzlement. Any advice?

If breaking the law, or aiding and abetting illegal acts to take place violates your scruples, don't do it.

I suggest you speak with the police, and see what they say.

A POA doesn't mean she replaces the parent.

You work for the parent, not her.
For all you KNW, the POA could be faked.
That's why financial institutions demand more proof tat just a POA.

I suggest you consult with a local attorney BEFORE you proceed further.
If you learn anything, don't blab about it, allow the authorities to do what they do.
You need to just fly low and silently.