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Showing content with the highest reputation on 02/15/2016 in all forums
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Let me play Devil's Advocate for a moment - suppose plan accepts loan payments by check? (some do) - or suppose this person was they payroll person, and doctored the accounting somehow so that embezzled funds were run through payroll as a normal loan payment? Doesn't seem like any plan operational error there to me.1 point
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Embezzle to 401(k) plan
Bill Presson reacted to austin3515 for a topic
The loans were repaid though with real money, and they were applied to a real obligation. It is where she got the funds that presents the problem. I'm not suggesting that the courts can't garnish the money, I actually have no idea if they can. I'm merely saying the plan did nothing wrong here and there is no operational failure to correct.1 point -
Now come on, you are all being sensible. There's no place for that around here.1 point
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