Financial Forensics and Investigations

At BVA Group, we have experienced professionals who can provide financial forensic services for matters including:

  • SEC/DOJ inquiries and investigations
  • White collar criminal defense
  • Securities fraud and Ponzi schemes
  • Cash Tracing
  • Internal investigations
  • Probate, trust, and estate cases

Many of our senior financial forensics professionals hold the designation of Certified in Financial Forensics (CFF) issued by the AICPA and/or Certified Fraud Examiner (CFE) issued by the Association of Certified Fraud Examiners in recognition of their education, training, and experience in the field of financial forensic investigations. We endeavor to understand the needs of our clients and offer a team with the experience and knowledge to conduct a financial investigation with the highest professional standards on a cost-effective basis. Our typical approach includes data gathering and assessment, investigative interviews, detailed analyses, and presentation of our findings.

SEC/DOJ INQUIRIES AND INVESTIGATIONS

BVA can assist attorneys in responding to government inquiries or investigations of detailed financial matters including but not limited to:

  • Revenue recognition issues
  • Misappropriation of assets
  • Disclosure issues
  • FCPA and other compliance issues
  • Calculation of disgorgement penalties

WHITE COLLAR CRIMINAL DEFENSE

BVA professionals are regularly called upon by white collar criminal attorneys to assist in the defense of federal criminal matters.  We provide detailed analysis of financial issues and may provide testimony if the matter goes to trial.  Our professionals have assisted defense counsel for individuals accused of:

  • Ponzi schemes
  • Medicare fraud
  • Earnings smoothing
  • Revenue recognition manipulation
  • Money laundering

We also work as or with Independent Monitors appointed by DOJ for companies under Deferred Prosecution Agreements to monitor compliance with the agreements.

SECURITIES FRAUD AND PONZI SCHEMES

BVA has the experience to analyze data and identify key fact patterns related to:

  • Financial representations made to investors;
  • Timing, amount, and terms of invested funds;
  • Overall sources and uses of cash;
  • Purpose or use of expenditures or transfers;
  • Financial condition of the entity;
  • Operation of the business and historical profitability;
  • Ability to pay existing investors from funds generated from operations; and
  • Reasonableness of forecasts and projections.

CASH TRACING

In many engagements, we are hired to trace cash to identify sources and uses of funds. We have applied these skills in investigations into alleged Ponzi schemes, SEC/DOJ matters, probate engagements, and internal investigations. Our data analytics capabilities allow us to conduct cash tracing exercises efficiently while maintaining the integrity of the underlying sourced data.

INTERNAL INVESTIGATIONS

We work with company executives and boards of directors when they become aware that malfeasance may have occurred.  We assist in determining whether non-compliance has occurred, how widespread it is, and the total amount lost or at risk.  We have investigated and reported on investigations involving:

  • Embezzlement/misappropriation of assets
  • Regulatory compliance
  • FCPA matters
  • Revenue recognition issues
  • Self-dealing

PROBATE, TRUST, AND ESTATE

Probate, trust, and estate litigation proceedings may involve a wide range of issues. Typically, there is a disconnect between trust or estate bookkeeping and financials kept on a tax, cash, or another basis of accounting, which may create confusion and conflict. It is not uncommon for a significant portion, if not all, of family wealth to be illiquid (e.g., concentrated in closely held business interests), which may further complicate matters.

BVA advises trustees, executors, and beneficiaries related to:

  • Breach of fiduciary duties
  • Removal of fiduciaries
  • Will and trust interpretation
  • Prudent investor rule cases
  • Fraud investigations
  • Misappropriation of trust assets
  • Attorney and fiduciary fee disputes

In addition, BVA has the core competency to provide consulting services related to valuation disputes.