Independent forensic accounting reviews in New York City and across New York. When money goes missing, gets hidden or gets drained, a forensic accountant traces it, document by document.
The best thing you can do for your business, your investments and your divorce is to have a forensic accountant relationship before it's too late. It happened to me.
Sincerely, Mark Nejmeh
Mark's view: Every business should have four sets of eyes on its money: a CPA, an audit, a cost accountant's look, and a forensic accountant.
Mark Nejmeh, founder, Continental Roof Systems, Inc. (opinion)
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Source: Association of Certified Fraud Examiners
In New York, a court dividing marital property considers wasteful dissipation of assets and transfers made in contemplation of the divorce (Domestic Relations Law § 236(B)(5)(d))
Source: SEC, Investor.gov
Sources: FBI; Federal Trade Commission
🛑 The golden rule: if someone gets angry when you want to check, check twice.
General information, not advice. For your own situation, request a review.
A forensic accountant traces money through records (bank statements, ledgers, tax returns, company filings) to find what happened to it, and can explain the findings in court. Many hold the CPA license plus the CFF (Certified in Financial Forensics) or CFE (Certified Fraud Examiner) credential. Sources: AICPA (CFF); ACFE (CFE).
New York is an equitable-distribution state: marital property is divided fairly, which is not always equally (Domestic Relations Law § 236(B)). Among the factors the court weighs are any wasteful dissipation of assets by either spouse and any transfer made in contemplation of the divorce without fair value. Source: New York Domestic Relations Law § 236(B)(5).
The most common sign is someone living beyond their means. Others: the person who's always there, never takes a vacation and won't let anyone else handle the books, because a substitute might find the problem; one person controlling money from start to finish; missing or altered records; vendors nobody recognizes; cash that doesn't match deposits. One sign alone proves nothing, but several together deserve a closer look. Source: Association of Certified Fraud Examiners.
Dilution happens when a company issues new shares, so each existing share owns a smaller piece of the company. Warrants and convertible securities can create new shares later. Source: SEC, Investor.gov.
A company combines shares (for example 1 new share for every 25 old ones). The price per share rises, but the value of your holding doesn't change at that moment. Companies often do it to stay above an exchange's minimum price. Source: SEC, Investor.gov.
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