Embattled Business Owners Refuse to Return Company Vehicle

Mar 01, 2010

Founders of The Lollipop Tree specialty foods store, already facing a lawsuit, got themselves into even more potential legal trouble after they allegedly refused to turn over a company vehicle and attempted to hack into the business computer system, according to Foster’s Daily Democrat.

According to the Democrat, the company’s court appointed receiver, James Ebbert, said Bob and Laurie Lynch allegedly refused to return a 2008 Chevrolet Suburban, which he said is now an asset of the bank. Ebbert also claimed that Bob Lynch unlawfully acted as a representative of the business following the bank takeover in order to make sure his company cell phone was not turned off.

The lawsuit also claimed that the Lynches attempted at least 83 times to gain access to the store’s secure computer network.
According to the lawsuit filed in
Maine’s U.S. District Court on Dec. 16, the bank alleges that Lynch and his wife took a $600,000 loan on Jan. 25, 2004, and mortgaged their Rollinsford, N.H., home as collateral. The bank claims in their civil suit that the Lynches failed to make required monthly payments, despite notification made less than a year ago that they were in default.
As of Dec. 14, the couple owed the bank more than $2 million in principal, interest, and late and legal fees, according to the suit. Interest of more than $400 a day continues to accrue.

Company vehicles are a serious investment. Make sure your business can support its fleet!

Photo courtesy of E-Mans av8pix.com under the Creative Commons License