Case Study:
Private Transportation Consulting Firm
Fraudulent expenses uncovered and data to reach a settlement
The managing partner of a private transportation consulting firm discovered numerous expenditures of the firm’s funds that were unsubstantiated as business expenses for the years of 2011 through 2016. To discover the extent and nature of these transactions, the firm determined the need to hire external expertise to examine its financial records.
The Solution
Harney was engaged to perform an investigation and forensic analysis of the firm’s financial records to determine if evidence existed of fraud by the previous managing partner over the preceding 5 years.
A fraud investigation was performed which included the examination of all financial records, verification of supporting documentation as well as employee interviews.
A comprehensive fraud report for litigation was prepared and delivered.
The Results
We discovered $667K in expenditures of the firm’s funds that were unsubstantiated as business expenses and appeared to have benefited the firm’s previous managing partner.
The firm used these findings to reach a settlement between the parties.
Services & Roles
Forensics and Litigation
Fraud Examiner
*Some engagements may have been performed by team prior to joining Harney Partners.
