Tag: VFL

Estate theft often goes undetected because family members cannot identify red flags or know how to investigate potential theft. This article identifies and discusses those red flags and the benefits of forensic accounting.Catch Me If You Can: How To Detect Trustee & Estate Fraud

As fraudsters leverage increasing opportunities for criminal gain, surveillance and prevention efforts need to keep pace. Understanding which top fraud trends will continue in 2024 allows organizations and individuals to effectively beware and prepare themselves to avoid being caught off guard.

Forensic accountants experienced in identifying, tracking, and valuing cryptocurrency are critical to developing strategy and defense in litigation matters related to money laundering, divorce, tax evasion, fraud, embezzlement, misrepresentation, and other financial crimes. As with traditional funds, crypto can be traced among parties’ accounts through bank statements, tax returns, disclosure on credit applications, statements of net worth, and disclosures on bankruptcy filings. The opacity of online transactions has also attracted fraudsters: the FTC reports that over 46,000 people have lost more than $1B in crypto since January 2021. Whether you are a plaintiff, defendant, or government agency, you need a skilled forensic accountant experienced in handling cryptocurrency cases.

Forensic Accountants can make or break a case in healthcare fraud litigation matters. Involving a forensic accountant in FCA matters is critical as they are able to analyze vast amounts of data and identify patterns and irregularities and summarize the data in a manner that is both understandable and supportable.

ALBANY, N.Y., March 6, 2023 – BST & Co. CPAs, LLP, one of the Capital Region’s leading accounting and management consulting firms, today announced Sareena Sawhney as a director of the firm’s Valuation, Forensic Accounting & Litigation Support (VFL) team.

ALBANY, NY, February 3, 2022 - BST & Co. CPAs, LLP, one of the Capital Region’s leading accounting and management consulting firms, today announced that Steven Caiazza has been named a manager in its Valuation, Forensic Accounting, and Litigation Support (VFL) Department.

The pandemic has upended the way we work, and created an environment that gives employees or other parties the opportunity and incentive to commit fraud.

Proactive anti-fraud controls play a key role in an organization’s fight against fraud. While the presence of these mechanisms alone does not ensure that all fraud will be prevented, management’s commitment to and investment in targeted prevention and detection measures sends a clear message to employees, vendors, customers, and others about the organization’s anti-fraud stance.

Various factors can facilitate a perpetrator’s ability to commit and conceal fraud schemes at organizations.

Recognizing the behaviors displayed by fraudsters can help organizations more effectively detect fraud and minimize their losses from the misappropriation of corporate assets.