Fraud Detection & Recovery
In today’s digital world, it’s essential to be aware of the risks of corporate crime, fraud and litigation. We understand how hard business owners worked to build their businesses, and we know how important it is to protect the business enterprise’s reputation and integrity. Our certified fraud examiners can assist with fraud detection and recovery in numerous areas, including the manipulation of accounting records, corrupt practices, cash embezzlements and cyber fraud. Our fraud detection and recovery experience encompasses:
- Cash & Asset Tracing
- Asset Recovery & Redistribution
- Internal Controls & Prevention
- Ponzi Schemes
- Money Laundering
- Financial Statement Fraud
- Data Analytics
Expert Witness Testimony
Cherry Bekaert’s testifying experts provide credible and objective testimony on behalf of our clients in ways that both judges and jurors can understand and accept. Our expert witnesses bridge the legal-accounting technical divide and draw on first-hand experience gained in a wide range of industries, including construction and engineering, energy and natural resources, infrastructure and real estate, healthcare, life sciences, media and technology, hospitality, state and local governments, and financial and professional services. These clients range in size from local, privately owned businesses to multinational Fortune 100 companies.
The breadth of our extensive successful expert witness experience in federal, state and local courts throughout the U.S. includes:
- Expert Witness Reports & Testimony of Accounting and Financial Matters
- Economic Damages Calculation, Reports & Evaluation
- Quantifying Lost Profits & Business Interruption Losses
- Fraud Detection & Recovery
- Shareholder Disputes
- Class Action Claims
- Analysis & Explanation of Complex Financial Transactions
- Corporate Veil Piercing & Single Business Enterprise Determinations
- Bankruptcy Disputes
- Wrongful Termination & Employment Claims
- Probate Matters – Accountings & Disputes
- Lost Wages
- Whistleblower Investigations
Shareholder Disputes
Shareholder disputes can be stressful, complex and challenging to resolve. In these matters, it is essential to seek out experienced financial experts in the early stages before a situation adversely impacts a company’s financial position and public image. We are committed to assisting our clients in uncovering the critical facts and circumstances unique to their specific situation. Our capabilities include fraud detection and recovery, forensic accounting, expert witness testimony and related advisory services.
Our team is ready to assist you with:
- Alleged Breaches of a Shareholder Agreement
- Fiduciary Misconduct
- Shareholder Derivative Actions
- Appointment of Receivers
- Minority Shareholder Disputes
- Differences in Contribution Versus Compensation
- Business Valuations
- Sales, Mergers & Acquisitions
- Bankruptcies
Complex Financial Transactions
With a keen understanding of financial arrangements and a commitment to uncovering the facts, Cherry Bekaert offers comprehensive solutions to businesses, law firms and their clients in connection with complex financial transactions in matters before the trier of fact. Our team of seasoned professionals combines extensive training and experience in accounting, finance and forensic investigative techniques to deliver objective results.
In analyzing complex financial transactions, our forensic accountants frequently uncover fraudulent transactions including:
- Fraudulent Misrepresentations
- Ponzi Schemes
- Money Laundering
- Foreign Corrupt Practices Act (FCPA) Violations
- Bribery & Other Corruption
- Fraudulent Transactions, Including Billing Schemes
Whistleblower Investigations
Cherry Bekaert’s Forensic and Dispute Advisory team is committed to integrity, accuracy and professionalism in every whistleblower investigation. Our goal is to help our clients safeguard their assets, protect their reputations and promote a culture of transparency and accountability within their organizations.
Our whistleblower investigation service offerings include:
- Providing confidential channels for employees or third parties to report concerns regarding fraud, corruption or other unethical behavior
- Conducting impartial and comprehensive inquiries to validate allegations and determine the extent of wrongdoing
- Working closely with management and legal counsel to ensure compliance with regulatory requirements and protect the confidentiality of all parties involved
- Providing detailed reports that offer clear findings and recommendations for the recovery of corporate assets and remediation actions to prevent future occurrences
Intellectual Property Disputes
Intellectual property (IP) disputes, whether around trademark, patent or copyright issues, are as complex as they are expensive to litigate. Cherry Bekaert’s Forensic and Dispute Advisory professionals are well-versed in the determination, evaluation and presentation of damages involving IP.
Our IP services include:
- Assessment of Reasonable Royalties
- Infringement & Misappropriation of Trade Secrets
- Lost Profits
- Unjust Enrichment & Profit Disgorgement
- Financial Analyses to Aid in Settlement & Licensing Negotiations
- Pre- & Post-Judgment Interest Calculation
Bankruptcy Disputes (Trustees & Receiverships)
Cherry Bekaert’s Forensic and Dispute Advisory team provides value-added financial accounting and consulting services to fiduciaries, debtors, creditors and other parties of interest in bankruptcy proceedings. Our results-driven approach focuses on maximizing value for our clients and other stakeholders at all stages, including pre- and post-bankruptcy proceedings. Our areas of focus include:
- Solvency Analysis
- Tracing of Funds
- Analysis of Preference Actions & Fraudulent Conveyances (Avoidance Actions)
- Analysis of Proofs of Claim
- Distribution Calculations
- Evaluation of Potential Mismanagement & Fraud
- Identification & Analysis of Insider Transactions
- Expert Reports, Affidavits, Declarations, Discovery, Depositions & Trial Testimony
