We were retained by the lead insurer to a major financial institution to provide forensic accounting services in the context of an alleged multi-billion dollar fraud perpetrated by a bank employee. The alleged fraud involved various personal, corporate and client bank and investment accounts and transaction activity over several years.
Our analysis involved tracing and reconciling cash flow activity across various bank accounts and the review and analysis of supporting transactional documentation. We prepared an analysis setting out the patterns of cash flow and summarizing the sources and uses of cash across the various accounts.
Our analysis was required in the context of litigation between the insurer and the insured.