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 William
H. Black, CPA, PC
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Fraud Investigation |
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When investigating allegations of fraud or financial mismanagement, success
depends on understanding and documenting the facts of the case. Bill Black has
conducted targeted investigations on his own and as a leader of
multidisciplinary teams charged with analyzing complex fact patterns and
bringing order from chaos. He has also assisted management in recovering from
fraud by recommending and implementing changes to prevent future abuses.
Examples include:Arbitrage Ponzi scheme
- Directed the analysis of a multi-year international Ponzi scheme involving
more than $600 million in purported arbitrage transactions and
misappropriation of investments
- Identified structure of scheme
- Coordinated development and use of analytical database
- Summarized indicators of fraud
Large religious organization
- Reconstructed three years’ records to document defalcations by business
manager of a 6,000 member religious organization
- Quantified defalcations from a multi-year embezzlement
- Documented concealment schemes used by insider
- Developed recommendations for internal control improvements
Heating equipment manufacturer
- Analyzed inventory records and quantified actual missing inventory related
to $3 million in reported shortages
- Reconciled records and physical quantities on hand
- Established actual quantities and value missing
- Documented schemes for misappropriation of assets
- Reviewed plant security and recommended improvements
- Directed upgrades to inventory control methods
Regional distribution concern
- Analyzed preferential payments to management
- Quantified inappropriate disbursements
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