Legal Question in Business Law in New Jersey
A public listed company takes services from Vendor A and Vendor B.
Vendor A is paid for the services by Vendor B in cash. That is his black money and then Vendor B raises inflated invoices to the listed company and gets paid for his services and also the amount he paid in cash to Vendor A
is this fraud or a crime
does this amount to money laundering as the company is helping vendor B to convert his black money
1 Answer from Attorneys
Your question is really not that clear and it certainly did not suggest a fraud or crime. We would have to understand what the relationship was between the company and the vendors then Va and Vb. All you said is that B paid A and then sent invoices to the company that were inflated I assume you mean beyond what A was paid. This is how subcontracting works.
If you would like to discuss further over a free phone consult, feel free to contact me anytime that is convenient.
Our firm is now referred by the American Bar Association (see under the New York section):
http://www.americanbar.org/groups/delivery_legal_services/resources/programs_to_help_those_with_moderate_income.html
Kind regards,
Frank
www.LanternLegal.com
866-871-8655
DISCLAIMER: this is not intended to be specific legal advice and should not be relied upon as such. No attorney-client relationship is formed on the basis of this posting.
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