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Forensic accountants: Be prepared for them during a fraud case

Forensic accountants: Be prepared for them during a fraud case

| May 23, 2019 | White Collar Crimes |

Forensic accountants have an important job when it comes to exposing white collar crimes, and they can provide a lot of significant evidence to the court under the right circumstances. As someone who is accused of a white collar crime, a forensic accountant may be good or bad for your case. Depending on how much you knew about the crimes that were taking place and what role you played, the accountant could expose every illegal transaction and bring them out into the open, showing that you were or were not involved based on those completed transactions.

Forensic accountants investigate crimes such as money laundering, tax evasion and fraud. The accountants look at things like bank statements and account ledgers. Every transaction tells a story, which helps them piece together how a crime happened.

Sometimes, these transactions are matched up with social media pages. For example, if an employer hides a vacation paid for by skimming funds, the accountant might try to connect the transactions to the employer’s Facebook posts or his family’s social media. Pictures can further solidify a case claiming that funds were misused.

If you are accused of a federal crime like fraud, it’s essential that you work with someone who can protect you against allegations made from the work of forensic accountants. Your attorney can help you by getting your side of the story and listening to how you were or were not involved. Make sure you tell the whole truth to your attorney, so they have all the information they need to protect your rights and liberties.