Hi there. My story goes like this , a former boss took aloan out in my husband name for $8000.00 saying that we purchased an airconditioner and furnace from him He used the banking info for my husband's direct deposit payroll to get the loan linked to our bank account. The cops have been called. And are trying to locate him. He called my husband yesterday and said he is paying off the loan and his lawyer said he will walk away, no problem. Is this true? Can he just walk away??

Maybe. Depends on whether you or the local DA prosecutes. If it makes restitution, its possible charges will be dropped. You need to talk to the prosecutor's office to find out what's going on.

Quote:

---

Originally Posted by ScottGem

Maybe. Depends on whether you or the local DA prosecutes. If it makes restitution, its possible charges will be dropped. You need to talk to the prosecutor's office to find out what's going on.

---

I just don't get it? A person in authority can take your info for payroll deposit, and employment with said person jimmy up a loan with a finance company his business at the time deals with get $8000.00 by lying and signing my husband name on 2 loan documents attach the loan to our bank account and all he has to do is pay the loan off and walk away? The police are running an investigation but this guy is laughing at us cause his lawyer said he will walk. I live in Ontario Canada

Sorry just a bit more ranting.
Would this be considered identity theft and fraud? Since he used my husband id to get the $8000.00 and signed his name to 2 loan documents. Then took the $8000.00 its all gone he is borrowing to pay the loan off

Quote:

---

Originally Posted by ripped off in on

I just don't get it? A person in authority can take your info for payroll deposit, and employment with said person jimmy up a loan with a finance company his business at the time deals with get $8000.00 by lying and signing my husband name on 2 loan documents attach the loan to our bank account and all he has to do is pay the loan off and walk away ?? The police are running an investigation but this guy is laughing at us cause his lawyer said he will walk. I live in Ontario Canada

---

The reason for this is the overloaded court system. Rather then spend the government's money on trials, they would rather plea bargain it down.

Yes it is identity theft and it is fraud, but its up to the prosecutors on how to deal with it. YOU have to badger the prosecutors. If they decline to prosecute if he pays restitution, that's up to them.

One alternative you have is to go to the media. Just make sure you can back up whatever you tell them.

Thanks again
My father says the same thing. The finance company doesn't seem to care as long as they get the $8000.00 back they don't care who took it out or how they got it as long as they get the $8000.00 back. I am just soooo pissed off hurt and stressed right out.

It can be very frustrating. You want justice, but the courts just want the case closed.

Hi
I just found out he did it too 5 more employees.
One I am speaking to today, and that was for $20000.00, the other 4 do not know yet and I have not got there names but am working on trying to find out who and what he did to them.
By having more than myself and my husband this I hope should make the courts want to pay attention, I hope.

You might even be able to file a class action suit against him

Hi just a little up date. The total now is over $160,000 with ten or eleven people involved. Just getting bits of info now, and passing it on to the cops.

Quote:

---

Originally Posted by ripped off in on

The finance company doesn't seem to care as long as they get the $8000.00

---

Hello ripped:

I think they DO care. Did you call them? I don't think ANY company is going to continue with a loan that they know was fraudulently obtained.

excon