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The first thing you should do is talk to a lawyer who specializes in fraud cases. You'll want someone in your corner who knows the ropes.
The penalties can be quite tough, including hefty fines and even prison time, depending on how deep the fraud goes and your level of involvement.
Absolutely! If a manager knew or should have known about the fraud and didn’t act, they can be pulled into the mess.
Direct fraud is when you commit the fraud yourself, while vicarious liability means you're held accountable for someone else's wrongdoing in your business.
You can be charged if you knowingly help or allow fraud to happen through your business. If the authorities think you turned a blind eye, you might be in hot water.
The 8.122 Scheme to Defraud-Vicarious Liability is about holding someone responsible when a fraud happens through their business or organization in Memphis, Tennessee.