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Special Purpose Entity Analysis & Tracing Misappropriations

Assisted expert in connection with calculating damages of an Italian dairy company resulting from the alleged assistance by one of the world’s largest financial institutions. The alleged assistance consisted of off-balance sheet financings utilizing special purpose entities; debt financings disguised as “equity” via minority interest holdings; and allowing culpable insiders to utilize institutional bank accounts to misappropriate Company funds through a web of complicated fraudulent transfers with no business purpose. Work included forensic quantification of various transactions, tracing misappropriations, proof of cash, analysis of International Accounting Standards and rebuttal of opposing expert.