Current Engagement Alleged Partnership Misappropriation of Assets

We were engaged by a 50% partner to investigate the other 50% partner alleged misappropriation revenues from the schools. We used the following investigative methods.

Procedures for investigation


1. 1. Calculate total deposits for period under investigation from bank statements and tie to amount reported     on P&L.
2. 2. Analyze capital account, we started with beginning balance, used audited financial statements, add or     deduct any changes to get net balance.
3. 3. Expenses that were taken as reimbursement test the documents to reflect accuracy. We took the gross     revenue, subtract deductions, any difference were noted.
4. 4. Review proposed contribution several bank accounts to verify funds were deposited into school bank     accounts.
5. 5. Compared proposed contribution and distribution for the period under investigation to audited financial     statements.
6. 6. Tie detail payroll expenses back to P&L for period under investigation
7. 7. Analyze the cash at beginning of period and at the end and the effects on equity accounts.
8. 8. Create schedule of all inter-bank transfers
9. 9. Reconciled changes in retained earning to net income for period under investigation and other     transactions affecting R/E
10. 10. Focus on those cancel checks that effects payable to CASH

Our forensic investigation revealed substantial amount of the school revenues are being taken as contribution to the partnership, our investigation further reveals that there were several bank accounts used to misappropriate cash the other partner didn’t have knowledge off.

Professional Opinion on Tax Matter 2011

We were engagement by Foster Marine, President Dennis Foster to provide a professional opinion on six years taxes. The owner felt he couldn’t rely on his former CPA numbers and engaged us to evaluate the methods used by his former CPA. Our investigation revealed the CPA increased Dennis Foster basis in the corporation without giving consideration to his contribution. The amendments suggested by Dennis former CPA were not in compliance with the IRS codes. We provided Dennis with a comprehensive finding and a professional alternative saving him a substantial amount in taxes.

Consulting Engagement Find Hidden Assets

We were engaged by prominent family law Attorney Monica Salis February 2011 to investigate hidden and under reported assets. We used the following investigative techniques to uncover underreported cash from the spouse business.

We examined each statement carefully to identify any large transfers or withdrawals. Regular transfers of small amounts may also indicate a pattern of concealing assets, so don't ignore those. We challenged our team by asking, how much and how often was money transferred? Where and for what purpose was the money spent?

The spouse attempted to hide cash and, on some occasions, use the pretense of a debt when none exists. He transferred money to a friend and other family members for the purpose of collecting it later, after the divorce. We track the payments to family and friends close to the spouse. The results of our investigation revealed the spouse had twice as much income as he reported on his tax returns and financial affidavit.

Current Expert Consulting Engagement July 2010

• » Engagement by high profile criminal attorney William T. Laswell, P.A. Our client is accused of fraud by way of employment.



• » We have been retained by the defense to assist Mr. Laswell to develop damage concepts, identify and obtain important documentation and prepare for depositions. We will enable him to better evaluate and understand the financial dynamics of the case and probe the adversary's positions and assumptions.

Expert Consulting Engagement June 2010

Engaged by the International Law Firm of Attorney Gabriel Carrera as an expert consulting in a case involving fraudulent transfer from a Trust Account and fraudulent Real Estate with significant dollar amount. Assisting Attorney and client in calculating transaction flows and amount of damage.

Expert Consulting Engagement May 2010

Attorney Antonette Russell referred one of her clients to me for expert help. The client suspects her spouse may be hiding marital asset through conveying it to a family member. Our P.I. Firm Lords and Hales out of WPB were engaged by us to do an asset search.

Lord and Hales combed every bank and brokerage account and property records in the State of Florida.  In addition to the asset search, we are currently working on valuation of the spouse professional license, pension and stock options to determine fair value, so the client gets equitable distribution.  Once the pension is valued we will draft the QDRO (Qualified Domestic Relations Order) for the judge to sign and send to the pension administrator.

Consulting Engagement for Divorce June-2009

Engaged by the International Law Firm of Attorney Gabriel Carrera as an expert witness in a case involving equitable distribution of pre-marital property. Our analysis of the financial records and expert testimony allowed the client to retain pre-marital investments June-2009

Engaged by the International Law Firm of Attorney Gabriel Carrera as an expert witness in a case involving marital waste. Our forensic accounting work was made the complexity of the case simple enough, to assist the judge in her decision. Both parties were given considerable distribution based on our work. March 2009

Consulting Engagement for Divorce August-2008

• Litigation support for divorce couple, significant business assets and accounts analyzed. Engaged By the law firm of K.S. Griffin, WBP Florida. Advised attorney on the following matters.
• • Assess fairness and accuracy of underlying financial information;
• • Assist business valuator in determining “account adjustments”;
• • Search for income or asset dissipation;
• • Determine income available for support;
• • Compute reasonable needs or living expenses;
• • Determine marital assets subject to equitable distribution;
• • Trace assets to preserve and/or refute the existence of separate property.

Consulting Engagement Wage Income Loss October-2008

Engaged By law firm of Catherine Riggins Miami, Florida. Advised attorney on the following matters Performed analysis on past and projected future losses of wages and benefits. The analysis includes determinations of the following:

• • Likelihood of finding equivalent employment
• • The availability of jobs similar to that previously held by the plaintiff
• • Qualifications and physical ability of the plaintiff to work
• • Evaluation of the quality of the plaintiff's job search effort
• • The degree to which past and future earnings capacity might be affected by pay and benefits program design, labor market trends, the employer's financial success, industry trends, and by the general economy.
• • The appropriate discounting of projected future wage increases for inflation
• • The appropriate discounting of the future losses for the investment earnings that can be expected from a lump sum payment versus a stream of payments over time.
• • The probable future retirement age of the plaintiff and the probable age of the plaintiff at death

Engagement Business Contract Dispute - June- 06

Litigation support and expert testimony for Derrick Danzy’s Bail Bonds vs. Preferred Capital Insurance Company. Engaging law firm, Parks and Crump in Tallahassee Florida. Engaged me to calculate economic damage losses incurred by Danzy’s Bail Bonds in closing his business to partner with Preferred Capital. Based on my litigation support in bullet proofing this case, it was prepared to go to court; instead deposed and settle out of court for a substantial amount.

Business Interruption Claim Preparation and Negotiation

In the aftermath of last year's hurricanes many Florida businesses were left with substantial un-insured losses. For example, one of our clients was only able to recover a portion of a roof damaged by Charlie. Their insurance policy did not cover the undamaged portion of the roof which, under Florida building codes, had to be totally replaced. Even worse, many businesses still have not settled with their insurance companies on their loss of income -- or settled on how much in extra expenses they are entitled to recover.

Whether a hurricane, a fire or other covered peril, we believe that it is important for insurance consumers to have someone at their side to provide advice in the preparation and negotiation of their business interruption claim. Insurance companies usually outsource this to experts. Why shouldn't the policyholder have someone at their side?