Forensic accounting is accounting that is suitable for legal review and court, with conclusions that have been arrived at with scientific methodologies. Forensic accounting is extremely thorough and complete so that it is sustainable in an adversarial legal proceeding, offering the highest level of assurance.
Forensic accountants are called upon to play important preemptive roles, [...]
As Benjamin Franklin knew, nothing in life is certain but death and taxes. We all have to pay them, but there are legal methods for minimizing your payout to the government.
Learn to recoup tax losses and put that money back in your pocket - where it belongs. Money and property donations to charity are [...]
Unfortunately, for many people their interest in asset protection is simply too late. If you wait until you have problems, it will probably be too late.
To be effective, asset protection should be done before you get into financial trouble and especially before you enter into any personal guarantees, such as guarantee to a lender for [...]
Hiding marital assets during the process of a divorce is illegal. The law seems simple – that one party cannot hide assets to the detriment of another. Nevertheless, some soon-to-be-ex spouses hide marital assets during the process of a divorce.
In the divorce case of Donahue v. Donahue (1984), Mr. Donahue attempted to conceal bonds with substantial [...]
Are you divorced, but have recently discovered your ex-spouses hidden assets? Did your spouse hide assets from you during the divorce proceedings so that you would be left with pennies compared to his or her millions?
Have comfort, the law is on your side. If you have discovered assets of your ex-spouses that he [...]
Former NASDAQ chairman Bernard L. Madoff pleaded guilty in March 2009 to 11 felonies and massive fraud. Prosecutors estimate the size of the fraud to be $64.8 billion, the largest financial fraud in U.S. history, based on the amounts in the accounts of Madoff’s 4,800 clients. Madoff remains locked in a lower Manhattan jail cell [...]
Wall Street legend Bernard L. Madoff pleaded guilty to 11 felonies and the largest financial fraud in U.S. history. He faces 150 years behind bars as well as restitution of up to $170 billion.
Thousands of investors in Bernard L. Madoff Securities LLC have lost a total up to $64.8 billion. Reportedly, Madoff had a total [...]
The retail industry loses $6 billion a year to check fraud, and the problem is expected to increase each year. One-third (1/3) of check fraud stems from closed accounts. Another twenty seven percent (27%) is due to counterfeit checks, twenty four percent (24%) to forgery, twelve percent (12%) to bankruptcy, and five percent (5%) of [...]
If you are already divorced and suspect that your spouse hid assets during the divorce proceedings, causing you to “win” less monies, you are allowed, in most states, to file a motion with the court to set aside the final judgment or agreement. Of course, your motion must be filed within a reasonable time of [...]
In a Forbes study of 433 people, whose wealth ranked between $1 million to over $10 million, 56% of women and 36% of men said they had hidden or protected assets. Those with more than $10 million were three times as likely to have hidden or protected assets. Yet, very few of these asset-hiders had [...]