QUOTE (Fuchs @ Apr 23 2010, 03:35 AM)
I would not say he stole the money. We do not know that. So, no, you do not agree with me.
What we know is that he co-mingled funds and withdrew over 700K from a company account. I don't know which, if any, crime that action would be judged as. That's a legal question, and I do not know if he comitted a crime. Hence I don't call him a thief, or the action theft.
But there is and remains the fact that he co-mingled funds, bought an expensive house and withdrew about 500K in one year while freelancers and other firms went unpaid. And that alone is, in my opinion, grounds enough to condemn his actions morally and ethically. The most logical conclusion is that he either knowingly withdrew more money than he had a right to - a lot more. A less logical conclusion is that really, he was so inept and incompetent that he managed to accidentally withdraw 500K in a year without realizing he had no right to it. Either way, keeping him in on the workforce is reckless, to say the least, and not a responsible business decision.
What he did was not right. What CGL did was not right. And CGL has to do a lot more than what they currently seem to be doing to make it right again.
How much of that 700K, though, was money that was either from his share of the profits of the company, his salary
for whatever it was he does in "strategic planning" and repayments of the loans that likely came out of his pocket to fund the company originally? How much money did Loren L Coleman DEPOSIT over those years into the company account. You will note that the anonymous informant does not put THAT information out. Why? Why are they not giving information that would tell us exactly how much of that money was actually not supposed to be Loren L. Coleman's?
Hypothetical Situation(I have no actual numbers to back this up, and am just offering a hypothetical here):What if, of that 700K, Coleman was entitled to, oh, lets just say a decent salary, 120K(40K per year), CGL owed him 200K for loans to the company when it was starting off and during the second year, and his share of the company profits was
100K, and, over the course of the year he took out 500K, he had deposited 150K. If one were to take these hypothetical numbers away from the 700K, we get:approximately 130K. Still a large chunk of change, sure.
But the side of the story that is given by our informant does not tell us how much IMR/CGL owed Coleman, or
how much he deposited for the company that year. It only shows his withdrawals. It only shows a third of the story.
Why? What is our informant trying to hide? What is he/she afraid of if he/she were to reveal everything he/she knows?
Being identified by people at CGL? Come on, they know who has access to that info, and likely already know who
the leak is. Being hunted down by Dumpshockers? Come on. DS might be a bunch of jerks at times, but DS is NOT
4CHAN. Losing their ability to manipulate and hurt CGL to try and leverage the license for themselves?CGL likely
already knows who they are, and so has likely passed that info onto TOPPS...In TOPPS shoes, I know I would not be inclined to give this person a license, as they obviously cannot be trusted.