Fraud is defined as a deception deliberately practiced in order to secure unfair or unlawful gain. The Association of Certified Fraud Examiners recently estimated that American businesses lose as much as $600 billion a year due to fraud. The investigation of such events requires strict chain of custody of evidence and a structured approach examining such evidence.
Nouvelle Analytics employees include Certified Fraud Examiners with experience in performing fraud investigations. Some examples of our experience in quantifying damages in such matters include the following:
- Investigated allegations that financing provided to fund the prosecution of Fen-phen cases were misappropriated. Project work included the construction of an entire set of books and records of the defendants.
- Investigated allegations that $10 million was stolen by the CFO of an oilfield pipe company. Project work included interviewing company personnel, extensive review of canceled checks to identify possible forged signatures, as well as other procedures.
- Investigated alleged theft of computer equipment from a Fortune 500 computer manufacturer. Traced recovered property through companies computer systems to determine whether additional equipment was missing from the same shipments. Recommended procedures to prevent future theft.
