A private estate with a net worth of $100 million fell victim to a theft of approximately $15M by their Chief Financial Officer. After the known misappropriation of funds was discovered, the beneficiaries of the estate determined the need for forensic services to examine all financial records of the estate and related entities for the past five years.
Two shareholders of a private software company were in litigation as a result of disputes related to a shareholder buyout agreement. They needed an independent party to determine whether earn-out thresholds were met as well as other performance concerns of the acquiring party.
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.
A publicly traded Oil & Gas Company discovered that their Chief Operating Officer may have been engaged in transactions that could be considered conflicts of interest as well as other acts of wrongdoing while employed with the company. In anticipation of litigation, it was determined by outside counsel that an independent investigation be performed.