Typically, a minority shareholder has very limited rights regarding the operations of a company. There are a multitude of reasons why shareholders can disagree, including differing visions of strategy, financial issues or simply personality differences that can influence business valuation. Outside of an existing buy-sell agreement, the California Corporations Code provides the procedures for both [...]
A forensic accountant is an accountant with special skills in analyzing financial data that is the subject of a dispute or litigation. The forensic accountant is often called upon to report on their analysis in a written report or in oral testimony in a court of law. This transition is where the forensic accountant becomes [...]
Is there really such a thing as a forensic audit? We get asked by attorneys frequently if we can perform a forensic audit. The truth is, there is no official product or service that a CPA offers that is called a “Forensic Audit”. This is a term that has been bantered about in the legal [...]
Mediation is one of the best ways to handle family law disputes. Rather than getting involved in a never-ending court battle, you can save time, money and help preserve family relationships. Forensic accountants can be a crucial part of this process as finances are often one of the most disputed areas in family law matters. [...]
John Cryer’s ex-wife wants more child support monthly and people everywhere are cringing at the new debacle. Going back to May of this year, Jon Cryer (of Two And A Half Men) received a nice pay raise for his work on the show. The Huffington Post reported at the time that he was to make [...]
For those of you who may have missed the article I wrote "Proving Hidden Income", I thought it would be beneficial to post a link to it once again as I have had several family law attorneys ask me about this in the past few weeks. If you still have questions, or would like to [...]
In his article Steering Clear of Financial Landmines Andrew Hoffman lists out some important factors to be aware of when getting divorced. Being knowledgeable about the financial and tax ramifications of your/your spouse’s actions (or inactions) cannot be over emphasized. Like they say in football- “defense, defense, defense”. Take Taxes into Account Review Tax [...]
Last month the web was inundated with news of allegations made against Kareem Abdul-Jabbar’s charity, the Skyhook Foundation based out of Long Beach, CA. In 2009 when the foundation opened, Mr. Abdul-Jabbar said “I have decided to open up the Skyhook Foundation to improve people’s lives through sports and education because my life could not [...]
How is Affinity Fraud Accomplished? Typically a fraudster embodies or personifies ideals held by the group to be very advantageous. In some situations this could be a member of poor community that shows outward signs of success, such as rolling into the community in a Bentley, or an older individual that boasts great success in [...]
What is Affinity Fraud? I recently stumbled upon a 3-part video on Affinity Fraud, aptly titled Affinity Fraud: Preying on Those Who Pray. Every year, billions of dollars (in the U.S. alone) are stolen from unsuspecting victims of this kind of fraud. http://www.youtube.com/watch?v=vUv4dDavC6U&list=PLDF985F76B59B68E7&index=1 Simply put, although there’s nothing simple about it, affinity fraud occurs when [...]
