Accounting Malpractice
When a national accounting firm was sued for its failure to follow generally accepted auditing standards which would have uncovered a scheme that duped the bankers and the purchaser of a small manufacturing company, FSS was hired to investigate the allegations and testify before an arbitration panel. A private equity fund made a stock purchase […]
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Active Passive Appreciation Analysis
A settlement offer made by a husband to his wife during the course of their divorce and equitable distribution case was declined by the wife. She subsequently hired a business valuation expert. The Husband’s attorney hired FSS to value the business interests in the marital estate, opine on active passive appreciation issues, rebut the opinions […]
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Asset Tracing – Misappropriation of Assets
FSS investigated the alleged misappropriation of assets by two former employees of a multi-faceted conglomerate.
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Computer Forensics
FSS was hired by the Board of Directors of a regional company to assist with an internal investigation amid questions of unexplained declines in cash flows and the lack of timely financial reporting.
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Corruption and Conflicts of Interest
The Los Angeles Unified School District (LAUSD) is the second largest school district in the country with an annual budget in excess of $11 billion. Mired with problems and a price tag estimated over $200 million, the LAUSD hired FSS to determine the sources and uses of funds for the Belmont Learning Center project. The […]
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Economic Damages – Civil Litigation
FSS was hired to compute reasonable and reliable estimates of economic damages and lost profits for an unestablished business, then to effectively present the findings of economic loss to a federal court jury. A business consortium of 15 individual charities and a gaming operator filed a civil suit in federal court alleging the defendant competing […]
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Embezzlement
FSS investigated the allegations of misappropriation of assets from a medical practice amid concerns that the accounting clerk was embezzling funds.
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Embezzlement – Nonprofit
FSS investigated allegations of misappropriation of assets and excessive spending by an employee of a federally funded nonprofit organization with reporting responsibilities to the Office of the Inspector General.
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False Claims Investigation
When a whistleblower sounded the alarm on their employer that had allegedly violated the Anti-Kickback Statute and submitted false claims to the government, FSS was hired by the whistleblower’s attorneys to pinpoint evidence and determine the value of any identified claims.
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Internal Investigation
FSS was hired by a company to investigate whistleblower allegations to the IRS of underreported revenue.
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Lost Earnings – Wrongful Termination – Civil Litigation
FSS was hired to compute reasonable and reliable estimates of lost earnings for several plaintiffs and to testify to our findings of economic loss in federal court. Three law enforcement officers filed a civil suit against their former employer alleging they were wrongfully terminated in retaliation for reporting to state officials allegations of corruption and […]
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Lost Earnings – Wrongful Termination – Civil Litigation
A former city employee claimed she was wrongfully terminated in retaliation for raising concerns of health and safety issues and questionable financial management practices in her department. FSS was hired to compute a reasonable and reliable estimate of lost earnings and to testify to our findings of economic loss in state court.
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Ponzi Scheme
FSS was hired by the bankruptcy trustee to determine if an investment run by a rogue money manager (“the Project”) was a Ponzi scheme and to testify before the bankruptcy court regarding our findings. New investors were promised unusually high rates of return. The payment of accrued interest to short term investors was paid current […]
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Vulnerability Assessment
FSS was engaged to perform a vulnerability assessment of a large construction company’s accounts payable and payroll.
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Vulnerability Assessment – Cash Flow Shortages
FSS was hired by a company to perform a vulnerability assessment to determine if cash flow shortages were the result of financial mismanagement or asset misappropriation.
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