Forensic Accounting Archives - Advent Valuation Advisors Business Valuation | Forensic Accounting | Litigation Support Tue, 31 Mar 2026 14:10:12 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://adventvalue.com/wp-content/uploads/2018/04/cropped-advent-icon-32x32.png Forensic Accounting Archives - Advent Valuation Advisors 32 32 Lost Profits: Calculating the Damage https://adventvalue.com/lost-profits-calculating-the-damage/ Tue, 05 Oct 2021 14:29:58 +0000 https://adventvalue.com/?p=2625 Financial experts are often hired to measure economic damages in contract breach, patent infringement and other tort claims. Here’s an overview of how experts quantify damages, along with some common pitfalls to avoid. Estimating Lost Profits Where would the plaintiff be today “but for” the defendant’s alleged wrongdoing? There are three ways experts address that […]

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]]> Ex-Owner of Medical Taxi Service Jailed for Fraud https://adventvalue.com/ex-owner-of-medical-taxi-service-jailed-for-medicaid-fraud/ Fri, 06 Sep 2019 16:38:55 +0000 https://adventvalue.com/?p=2227 The former owner of a medical cab company in the Town of Wallkill in Orange County, NY, was sentenced Thursday to one to three years in prison for defrauding Medicaid of more than $200,000 by submitting falsified claims for medical transportation services, the Times Herald-Record reported. Quitoni was arrested in September 2018. The New York […]

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]]> Family Dealership Charged with Fraud https://adventvalue.com/family-dealership-fraud/ Wed, 07 Aug 2019 13:27:38 +0000 https://adventvalue.com/?p=2182 The father-and-son operators of an Orange County used-car dealership have been charged with understating their business’s income on tax returns and overstating it on loan applications, according to the U.S. Attorney’s Office for the Southern District of New York. Mehdi Moslem and Saaed Moslem, owners of the Exclusive Motor Sports car dealership in Central Valley, […]

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]]> Restaurateur Caught Cooking the Books https://adventvalue.com/westchester-restaurateur-charged-with-cooking-the-books/ Wed, 31 Jul 2019 14:12:47 +0000 https://adventvalue.com/?p=2168 The owner of an upscale French restaurant in Westchester County has been charged with multiple counts of fraud, accused of falsifying bank records and running up an $80,000 tab on a customer’s credit card. Barbara “Bobbie” Meyzen, owner of La Cremaillere Restaurant in Banksville, faces a litany of fraud charges, the culmination of a five-year […]

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]]> CEO from Westchester County convicted in hedge-fund scheme https://adventvalue.com/ceo-from-westchester-county-convicted-in-hedge-fund-scheme/ Fri, 12 Jul 2019 14:00:53 +0000 https://adventvalue.com/?p=2113 The co-founder and CEO of a Manhattan investment firm and a former trader at the firm were convicted Thursday of securities fraud. Anilesh Ahuja, 51, the co-founder, CEO and chief investment officer of Premium Point Investments LP, which managed a portfolio of hedge funds, and Jeremy Shor, 44, a former trader at PPI, were convicted […]

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]]> New Standards Released for Forensic Engagements https://adventvalue.com/new-standards-released-for-forensic-engagements/ Wed, 10 Jul 2019 20:11:35 +0000 https://adventvalue.com/?p=2108 The American Institute of Certified Public Accountants on Wednesday issued its first authoritative standards for members who provide forensic accounting services. Forensic accounting services are described in the document as those involving “the application of specialized knowledge and investigative skills by a member to collect, analyze, and evaluate certain evidential matter and to interpret and […]

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]]> NY developer charged with running Ponzi-type scheme https://adventvalue.com/ny-developer-charged-with-running-ponzi-type-scheme/ Thu, 30 May 2019 21:11:42 +0000 https://adventvalue.com/?p=2065 One of the largest landlords in the country has been charged with operating a Ponzi-like scheme that used millions in investor funds to make interest and principal payments to prior investors, and to cover up other fraudulent conduct. Robert Morgan, Frank Giacobbe, Todd Morgan and Michael Tremiti were indicted May 21 on 114 counts, charged […]

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]]> Protect Your Business from Employee Fraud https://adventvalue.com/protect-your-business-from-employee-fraud/ Tue, 07 May 2019 17:54:36 +0000 https://adventvalue.com/?p=2030 The bookkeeper for a small Sullivan County business is charged with making $3,000 in personal purchases on the company credit card. An employee of an Ulster County restaurant is charged with stealing $12,000. The longtime office manager of an Orange County propane dealer pleads guilty to embezzling more than $1.3 million – the equivalent of […]

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]]> Meet Our New Partner, Lorraine Barton https://adventvalue.com/meet-advents-new-partner-lorraine-barton/ Wed, 17 Apr 2019 14:05:29 +0000 https://adventvalue.com/?p=2018 Advent Valuation Advisors, LLC, takes great pleasure in announcing that Lorraine Barton, CPA/ABV/CFF, CIRA, CVA, MAFF, MBA, has been admitted to the partnership.  Lorraine joined Advent, an affiliate of accounting and advisory firm RBT CPAs, LLP, in 2015. She has an extensive and varied accounting, valuation and litigation-support background in private industry and public accounting. […]

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