I am no lawyer, but this sounds like embezzlement to me: he’s an executive who is stealing from the company, and thus from the shareholders. Have you taken any

I am no lawyer, but this sounds like embezzlement to me: he’s an executive who is stealing from the company, and thus from the shareholders. Have you taken any 3rd party investments to date? If yes, there may be a Bad Leaver clause, which could be a basis for a more expedient delivery of legal consequences. I would expect a founder lose all his shares under a Bad Leaver clause if found stealing from the company. That said, I have no clue how you could prove this. I would strongly advise taking legal advice before making any move. If you have a strong case, I would first confront the guy and give him a chance to make things right. At any rate, I would not stay in business with a guy that steals from me.