The restaurant owner, "Betty," from this thread is up to her tricks again (some old tricks, some new). Yes, that thread is 5 years old.
A few months ago, we learned that she wasn't paying the taxes out of her employees' paychecks again, and so she had state and federal tax liens again. And she's been overdrawn a lot lately, so we're unable to cash payroll checks. So her employees are mad at us and her. (At least some of them seem to realize it's Betty's fault.)
She finally got insurance about a year ago, but she's been late paying the premiums. There's been at least 3 times in the past year that we've received notices from her insurance that there was an uncovered period of several weeks when here insurance wasn't in force. One of these days, her luck is going to run out and somebody's going to get hurt in the restaurant. If it's during one of those times that she doesn't have insurance, she's done.
One good thing, though. The last time we extended her loan, we convinced her to do automatic payments out of her checking account. As long as she isn't overdrawn, her loan gets paid. We don't have to worry about "taking" payments. This doesn't mean that her loan is getting paid down, though, since we also had to add to the loan to pay real estate taxes again.
Now, I mentioned new tricks. Lately, she's been writing checks to herself and putting them into her deposit as a way to make it look like her balance is higher that day. We keep catching her doing it. We keep telling her she can't do that. And yet, she still keeps doing it. It's like kiting, only she's only using one account to do it. I don't know how she expects to get away with it.
In the previous thread, I talked about how the people delivering food would come to the bank to cash the check before unloading food into the restaurant. Now, Betty somehow comes up with the cash to purchase a money order on delivery days.
Today's payday for Betty's employees. That's what made me think to post this - we've had a couple employees of hers come through the bank and leave angry.
A few months ago, we learned that she wasn't paying the taxes out of her employees' paychecks again, and so she had state and federal tax liens again. And she's been overdrawn a lot lately, so we're unable to cash payroll checks. So her employees are mad at us and her. (At least some of them seem to realize it's Betty's fault.)
She finally got insurance about a year ago, but she's been late paying the premiums. There's been at least 3 times in the past year that we've received notices from her insurance that there was an uncovered period of several weeks when here insurance wasn't in force. One of these days, her luck is going to run out and somebody's going to get hurt in the restaurant. If it's during one of those times that she doesn't have insurance, she's done.
One good thing, though. The last time we extended her loan, we convinced her to do automatic payments out of her checking account. As long as she isn't overdrawn, her loan gets paid. We don't have to worry about "taking" payments. This doesn't mean that her loan is getting paid down, though, since we also had to add to the loan to pay real estate taxes again.
Now, I mentioned new tricks. Lately, she's been writing checks to herself and putting them into her deposit as a way to make it look like her balance is higher that day. We keep catching her doing it. We keep telling her she can't do that. And yet, she still keeps doing it. It's like kiting, only she's only using one account to do it. I don't know how she expects to get away with it.
In the previous thread, I talked about how the people delivering food would come to the bank to cash the check before unloading food into the restaurant. Now, Betty somehow comes up with the cash to purchase a money order on delivery days.
Today's payday for Betty's employees. That's what made me think to post this - we've had a couple employees of hers come through the bank and leave angry.
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