Investigation of $10 million embezzlement and diversion by company’s former CMO

Back view of business woman sitting at panoramic skyscraper office desktop front PC computer with financial graphs and statistics on monitor.Analysis of digital market and investment in block chain

CRA was retained by Cooley LLP’s White Collar Defense & Investigations Practice, on behalf of the board of a national insurance company, to investigate allegations of embezzlement and diversion by the company’s former Chief Marketing Officer. The legal team was led by Cooley LLP partners Matthew Kutcher and Kristine Forderer.

In addition to helping the company support its year-end financial statements and disclosures, as well as to better engage with its auditors, our team’s collective work had the collateral benefit of helping to provide the evidence needed to file civil litigation against the former CMO and others, seeking recovery of over $10 million, and to obtain a temporary restraining order against the defendants.

CRA’s forensic services professionals deployed a broad range of core competencies, including forensic accounting, financial statement reporting (including SAB 99 analysis), asset searches, business intelligence, shell company analysis, genealogical research, review of the files from a 30-year-old murder case, a critical link to a recently uncovered multi-year mortgage fraud scheme in Atlanta, social media preservation and analysis, digital forensics, and eDiscovery of almost 2 million documents.

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