^AML would kill ya son.
Good luck. weird story
to OP — to give you some hope, my friend was a CPA for this firm that owed her 130K. She took the owner to court and they ruled he had to pay 260K. The thing is … is that he was holding out on her, but had the assets to pay her. There comes a time when you have to abandon ship. If you think that the reason your employer is not paying you because they are insolvent … well … this might be a kind of “internship” experience that you are getting. It is time to consider the opportunity cost of being stagnant at a company versus: a) being free from the company b) filing a lawsuit (for unpaid salary) c) the sooner you close this job the sooner you can get to a place that rewards you monetarily In the back of your mind you’re thinking ‘they will pay me someday’, its risky to leave and find a new job, etc etc but this is ridiculous. I don’t see how you’re not more pissed. You seem angered/annoyed but not pissed. Don’t ever accept or tolerate this treatment from any person or company. It is unacceptable. I would get away and get away soon from this place. You know you hate going into this building in the mornings and you can’t sleep at night. Do you want to be at peace or do you want to be uneasy living a low risk lifestyle? You can actually hurt your family by not being able to appropriately adjust to change. Be a leader, grab this by the balls, squeeze as much juice as you can get out of it and then move on. I don’t know how long you have been together in this business relationship but this is it.
You cook at Applebees bro?
http://finance.yahoo.com/news/applebees-pay-cook-didnt-checks-102321705.html
PORTSMOUTH, R.I. (AP) – Applebee’s officials say they will pay a Rhode Island man who worked at a restaurant for about a year and never received a paycheck.
Caleb Dyl has autism and was placed in the job by the social service agency Resources for Human Development. He started working as a prep-cook at the Middletown restaurant in August 2014, but the 21-year-old’s parents say he never received a check.
Applebee’s at first agreed to pay Dyl 166 hours, based on the agency’s records. But his parents say he actually worked about 480 hours. Now, WPRI-TV reports (http://bit.ly/1GkTT1P ) the chain’s New England regional director of operations says the restaurant has agreed to pay Dyl for 480 hours.
The state Department of Behavioral Healthcare, Developmental Disabilities and Hospitals says it is still investigating.
Analti_Calte_Equity, thanks for the great post. What state did your friend work in? My employer has been hiring people over the last several months so I think it is reasonable to expect they have the financial capacity to pay my back wages. But with any financial institution, obviously there is no way for non-management to know with 100% certainty.
This is a strange story, but it’s also pretty simple. I’m still there because I think I increase my legal receivable increases with every day I go to work and because I think being employed makes it easier for me to find a job. As long as this is the case and as long as I can continue to compartmentalize this debacle from my family, I’m staying at it until I find a new job.
The way I think about it, I AM grabbing this problem by the balls. Look, it’s easy to live someone else’s life. I could storm out and be pissed because I’m not going to tolerate it. I’d initiate my lawsuit sooner and I wouldn’t have to put up with that BS everyday. That would be nice, but if it comes at the cost of decreasing my chances of finding employment in a comparable role, then it’s a terrible trade.
I agree with most of what you said. I know this is unacceptable. I am pissed. I don’t tolerate this - that’s why I’m going to sue them. I will take the peace from maximizing my options among crap choices. But I’m freaking glad I didn’t get pissed off and quit 6 months ago. I’m spending plenty of time looking for a new job. I don’t think I would have doubled my chances of finding a new job if I doubled or tripled my search time.
I guess I just wonder what your advice is. Do you think I should just quit TODAY? If you think I should work my ass off to find a new job and quit as soon as I do, then that’s exactly what I’m doing. Don’t let the money confuse the situation. They won’t pay a dime for a year or so. So it doesn’t matter if I get paid in 12 months from now or 14 months from now via court mandated payment.
What’s your background?
I think I get it. You figure that by showing up, you can show other employers that you’re not jobless, and there is also a chance that you might eventually receive some money for that day in some future lawsuit. Given that you are guaranteed to receive nothing if you quit, maybe that makes some sense.
At a certain point, it may still make sense to walk out because continuing could be construed as consent if it reaches some point, and a future employer doing due diligence may interpret your staying as you being an unproductive worker.
But I get why you might decide to knuckle under for a bit.
Already is I think. His employer told him he’s not getting paid, so I don’t understand why he thinks he’s accruing some receivable. Maybe entitled to some severance, but I don’t think that’s really an entitlement for most in the US.
Employer says, “you’re not getting paid anymore.” You stick around, I think you’re mostly SOL.
The fact that this firm still has any kind of client money would also scare the hell out of me. Is this guy working for free at some kind of ponzi that is about to take him out too?
^This. It scares me that my assets may be custodied with a team like this.
it’s not too crazy why he’s still showing up to work. Employed folks have an easier time in getting another job no?
Isn’t this why young people are frequently willing to work for free just so they have have employed + something to have on the resume?
Sure, but I think there are two big things a hiring manager checks out on the application. a) Last employer b) Last employer salary I guess the ethical question would be if you could put your agreed upon salary versus what you are actually getting paid.
I want to know where this bum works.
I’m starting to notice it’s the same handful of people replying. What is everyone’s background? Just trying to put everyone’s advice into proper context.
Anyone know of any worthwhile finance related volunteer organizations or projects. I’m seriously thinking about jumping ship and initiating the lawsuit next month, but I’d feel a lot more confident about it if I had a passable plan to explain my gap.
I currently have a GED certificate on my wall and dig ditches during the day while slinging burgers at MCD by night.
I’m starting to notice you haven’t told us what type of firm this is, if there are AUM, and if client funds are at stake at this point of insolvency.
I’m gonna have to go ahead and ask you to move your desk again – so if you could just go ahead and get it going back as far against that wall as possible, that would be great.
#Mmmkay
Dude, they’re taking you for a ride. If I were you i’d go to HR and demand all my money or your burning the whole place to the ground.
Sue them…and sue them quickly!
hurry get to the choppa it is going down!
take a dump on your desk every moring then go to the gym.
So you consult with 3 lawyers, dismiss their advice, and seek guidance from muppets like me on an online message board.