Roger W. Stone, CFE
Finding fraud in bankruptcy cases
HFCC, a fertilizer and chemical applicator, went bankrupt. Investigations discovered the owner committed bank fraud, financial statement fraud and performed fraudulent conveyances or fraudulent transfers. However, a judge ruled that the author and the company’s outside CPA didn’t prove the company was insolvent during all the transfers, which limited the penalties. Here the author proposes a better way to establish the date of the insolvency of an entity and thus recover more fraud proceeds.
Written By: Roger W. Stone, CFE
Fraud infecting commercial-loan agreements
Commercial-loan agreements can pressure borrowers and lenders to cross the line to avoid bankruptcy or fleece customers. Here are some common fraud schemes that desperate parties can use in this cat-and-mouse game.
Written By: Roger W. Stone, CFE, Philip Duffy
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