You turn to Accordion.
As we were already assisting in the restructuring as CRO, we are there to help with this issue, too. We bring in a skilled team of forensics, accounting, and financial experts to investigate further. The initial findings suggest the former Controller utilized a company credit card to misappropriate funds and execute unauthorized and personal purchases of more than $1.5M. The Controller then used the accounting system to record journal entries to hide the transactions. We:
- Conduct interviews with certain employees to discern potential accomplices, obtain further information on the subject, and glean additional knowledge and internal perception of the scheme.
- Review travel and company credit card usage policies, as well as company files, including electronic credit card files, electronic general ledger and journal entry files, email communications, and physical accounting files.
- Prepare a comprehensive data set of all transactions conducted on the Controller’s company credit card, and identify and flag suspicious vendors and unauthorized/personal purchases.
- Conduct extensive background investigations on the subject.
Your value is enhanced.
The detailed investigation findings and subsequent documentation are presented to the U.S. Attorney General, the Economic Crimes Section, and the FBI. Formal charges are brought against the former Controller in federal court where the individual pleads guilty to felony wire fraud.