FRAUD ANALYSIS & ASSET TRACING
- EXPERT SERVICES
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CASE EXAMPLESFraudulent Redemption of Ownership Interest Disgorgement Damages of Equity Interest in Exploration and Production Company Failure of Software Vendor to integrate CRM System
- TEAM MEMBERS
FRAUD ANALYSIS / ASSET TRACING
We provide independent, objective and discerning expert services to businesses, government agencies, individuals and legal counsel. Our specialists in finance, economics, accounting, engineering, oil and gas, chemical and other industries, provide a complete and comprehensive outcome through powerful insights.
FRAUD ANALYSIS / ASSET TRACING
We provide independent, objective and discerning expert services to businesses, government agencies, individuals and legal counsel. Our specialists in finance, economics, accounting, engineering, oil and gas, chemical and other industries, provide a complete and comprehensive outcome through powerful insights.
+ Financial investigations
+ Fraud and malfeasance investigation
+ Corporate and regulatory program compliance analysis
+ Proof of loss assistance
+ Economic damage calculation
+ Discovery of discrepancies in financial statements
+ Asset tracing
+ Reconstruction of financial data and events from imperfect reports
+ Analysis of financial data for business valuation
+ Business interruption analysis and computation
+ Insurance claim damage review, assessment, or preparation
+ Pre-litigation damage review, assessment and data management
+ Digital information mining, verification and preservation
+ Expert reports and testimonyCASE EXAMPLES
Fraudulent Redemption of Ownership InterestProvided expert analysis, reports and testimony, resulting in a judgment of over $300 million, in connection with the fraudulent redemption of an ownership interest in an independent oil and gas company, in which the company operator induced the other interests to redeem their ownership at below market value. Work performed included the analysis of the asset valuation that was the basis for the redemption, as well as analyzing comparable sales proximate to the redemption. Additional analysis included developing valuations for producing assets, undeveloped acreage, and various midstream assets at various timeframes under rapidly changing market conditions.
Disgorgement Damages of Equity Interest in Exploration and Production CompanyAccumyn’s expert provided a report and deposition testimony regarding the value of amounts received as consideration for the redemption of equity interest of an independent exploration and production company operating in the Barnett Shale of North Texas. Accumyn critiqued the opposing market value opinion and prepared forensic accounting analysis to determine damages under recession and disgorgement theories.
Failure of Software Vendor to integrate CRM SystemProvided expert testimony in connection with damages resulting from the alleged fraud, misrepresentations, and breach of contract from the failure of a software vendor to properly integrate a customer relationship management (CRM) system for a $2.5 billion revenue provider of integrated enterprise communication services. Valuation analysis included projected sales revenue and related costs savings lost from the failure to complete the implementation. Determined other additional hardware and software license fees and out-of-pocket costs associated with the failed implementation.