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For a decade, Dhirendra Prasad worked primarily as a buyer in Apple Inc.’s Global Service Supply Chain department. As far as Apple was concerned, Prasad’s job was helping buy parts and services to repair older devices. Trusted and well-paid, the 50-something...
In a financial fraud investigation, using technology to marshal big data can be a major help. But it’s just one piece of the puzzle. To complete the picture, a fraud investigator must rely on information gathered from a disparate array of sources—everything from...
It was a sprawling and complex piece of litigation, and the attorneys involved faced a series of questions that could only be answered by specialists with deep forensic and investigative expertise. How would they determine the value of damages based upon profits...
A conflict of interest is not unlike the common cold. It may be a minor annoyance that resolves itself after a little discomfort. Or, if left untreated, the conflict can develop into something far worse—corruption—and prove damaging and even fatal for your...
For attorneys pursuing COVID-19-related business interruption claims, one of the chief challenges is the provision in most insurance policies that damages should be caused by a direct physical loss or direct physical damage to the insured property. In fact, the issue...
It may be the most wonderful time of the year for sales and profits, but if you are not on the lookout for fraud-minded employees, your business may end the holiday season with far less silver and gold in its stocking. The holidays, in fact, are a prime time for...
Welcome to the second and final part of our blog series on lack of control discounts and control premiums, two critically important issues when calculating the value of a company. We tackled some of the fundamental questions attorneys may have regarding these concepts...
When working with appraisers, attorneys are likely to grapple with questions about the relationship between two key business valuation concepts involving control exercised over a company. The first concept is the “lack of control discount,” which, in simple terms, is...
At many small businesses, it’s not uncommon to still find a mass of paper records, yellowing with age and haphazardly tossed in boxes, as well as old-school computers and dot-matrix printers with tractor feeds and green bar paper. Yet even the most unorganized and...
Selecting the right expert to calculate economic damages in a breach of contract claim can be critical in the success of an attorney’s case. The expert must be able to calculate damages resulting from a breach of contract and convey the story to a trier of fact in a...
Organizations often take it as an article of faith that their auditors are following professional standards—and for good reason. Publicly released peer reviews of auditing firms give 95 percent of them passing grades for their work. In fact, a recent Wall Street...
From board games to drive-in movies, a whole raft of retro activities have made a comeback amid the COVID-19 pandemic. Unfortunately, fraudsters also have been busy reviving a blast from the past—the Ponzi scheme. During the last two years, financial fraud...