Family First Mortgage Company closed it's doors and back in September, 2007 claimed 1200 employees. Many were laid off before the end of 2007. Those who received income in 2008 should check the accuracy of their W-2 for 2008. I spoke to two former employees today and both claimed that the inaccuracy of their 2008 income was off by approximately $2000. Both claimed to have pay stubs that proved $2000 less in income than the company w-2 stated. Many former branch operators and employees have complained that they never received the private branch account funds that were contracted for to be delivered within six months of termination or lay off from the company. Family First has never paid me the final approximate amount of $3000 in my account and they never paid or accounted for the final payroll check to my processor in the amount of approximately $900. I have talked to many other former employees who never received the funds or an accounting of why the funds were never dispersed. There is no way for me to ascertain how many of the 1200 employees received or did not receive earned commissions that the company arbitrarily decided to withhold from their rightful owners. I don't know if the total amounts in question are $1,000,000 or $20,000,000. It is one issue to fraudulently deprive employees of earned income but it is really cruel to give former employees W-2 forms that are inaccurate and inflated. If there were 600 of the original employees working in the early months of 2008 and each of them received a W-2 for $2000 more than was accurate, then the laid off employees would be potentially paying taxes on approximately $600,000 in taxes or the preparers of the W-2'w could hypothetically be laundering up to $600,000 using this one simple technique. There is no way to know if the errors are intentional or simply sloppy bookkeeping. Since I have been unable to procure a response to phone calls, emails and letters to the company for more than a year I am beginning to worry that the errors are not innocent mistakes but the outcome of a very resourceful individual or individuals who have chosen to keep employees hard earned money with no intent of ever giving it to the employees who earned it. I hope that I am wrong and there is some logical explanation. If any former employees of the company have been able to figure out why highly reputable owners of a former well respected company would turn to a life of white collar crime and keep the hard earned money of their employees, please share with me the reasons. Also if anyone has the addresses of the former owners please pass them on to me as there are hundreds of former employees, many still waiting for their final earnings who would like to thank them in person and repay the kindness they have extended to us all.
Jim
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