I work for a 501c3 - recently a senior bank officer at our bank depositedchecks made out to our non-profit center into his personal account. What are the legalities/repercussions for something like this?
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What you describe could be theft if the non-profit organization hasn't signed this check over. There is no reason for anyone to deposit a check to their account that is made out to someone else. An exception to this is when a young child/minor gets a check for a birthday as example, and has no account.
The 501c(3) should be asking this question in conjunction with the payor of the check. The non-profit isn't getting funds that are for them. The bank the check is drawn on should initiate an investigation because the non-profit hasn't endorsed the check.
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What you describe could be theft if the non-profit organization hasn't signed this check over. There is no reason for anyone to deposit a check to their account that is made out to someone else. An exception to this is when a young child/minor gets a check for a birthday as example, and has no account.