If money was fraudulently put in my account, is it legally mine?
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If money was fraudulently put in my account, is it legally mine?
My father fraudulently put $37,000 into a trading account under my name. It was his girlfriend’s money which she gave him to invest. My dad is now currently in prison and I just found out about the account. The trading company says the money is mine as far as they concerned. If I keep it will I face legal action?
Asked on July 26, 2012 under Business Law, Ohio
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
You know that the $37,000 in your trading account is not yours and results from improprieties by your father. I suggest that the right thing to do is to contact law enforcement about your discovery so that the process can be undertaken to transfer the $37,000 to its proper owner via the legal process.
Doing such is the right thing to do. If you keep the money, you could have criminal charges filed against you as a co-conspirator for theft via a vis your father.
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