Forensic Service
Case Studies
Appointed by the U.S. District Court as accountant to assist a Receiver in connection with a Securities and Exchange Commission investigation of an international Ponzi scheme involving over $70 million. Responsibilities included: maintaining the accounting records for the Receivership; preparing required federal and state income tax returns for the Receivership; performing forensic accounting to identify potential assets for recovery and tracing of funds; performing computer forensic analysis to recover documents; supervising the operations of a business under the control of the Receivership; liquidating assets; assisting with the development and implementation of the Plan of Distribution including development of a proof of claim, development of procedures for ascertaining the validity of submitted claims, and the identity of investors; processing of claims; development and operation of a computer system to support claims processing; development of a formula for purposes of allocating the recovered funds to investors; managing documents; coordinating the distribution of funds to claimants; and preparing required reports for the Court.
Appointed by the Circuit Court as a neutral forensic accountant to conduct a special financial investigation to assess whether or not the owner of multple hedge funds had hidden assets to avoid payment of spousal support or division of the assets in equitable distribution in connection with a divorce matter.
Assisted a publicly traded information technology company in conducting a special financial investigation of a $15 million embezzlement to determine the total amount of funds embezzled by its controller, assess how the embezzlement was concealed, trace the disposition of the funds, and identify potential assets for recovery.
Assisted a non-profit organization in conducting a special financial investigation involving the alleged embezzlement of funds by its controller through schemes involving wire transfers and credit card transactions. Tasks included identification of potential suspect financial transactions, determination of the amount of funds embezzled, and tracing to the perpetrator’s personal financial records.
Assisted a group of physicians/shareholders in a medical practice in conducting a special investigation to assess alleged misappropriation of funds by other shareholders and mismanagement of the practice.
Assisted an insurance consulting company in conducting a special investigation involving the alleged embezzlement of funds by the company’s former controller through schemes involving issuance of unauthorized payroll checks, payment of personal credit card transactions, and reimbursement of personal expenses. Tasks included identification of potential suspect financial transactions and determination of the amount of funds embezzled.
Assisted a county government in assessing a potential accounting malpractice claim against its auditors for failure to detect a fraud perpetrated by an employee.
Assisted an educational testing company in conducting a special financial investigation involving an alleged embezzlement of funds to identify potential suspect financial transactions, determine the amount of funds embezzled, and assess the the system of internal controls.
