Forensic Accounting: How to Apply Key Concepts to Investigate Fraud, Recover Assets, and The Application in the Courtroom

Jordan Sandberg | HKA

Jordan M. Sandberg has more than 6 years of experience in forensic accounting, investigations, and dispute resolution. Jordan has provided litigation support, assessed lost profits and damages, analyzed bank statements and other financial data to identify flow of funds, and evaluated targeted individuals/entities for fraudulent transactions. In addition to supporting high-profile litigation, he has been part of a team working on highly confidential matters on behalf of both private and government counsel.

FRAUD INVESTIGATION

Jordan assisted in multiple investigations helping government attorneys identify fraudulent transactions and flow of funds for fraudulent individuals and entities related to wire fraud, tax fraud, and loan fraud up to $500M. He analyzed bank statements and other relevant financial information and summarized findings for U.S. Attorney’s Office.

U.S. Attorney’s Office – Northern District of Illinois, Forfeiture Hearing, Chicago, Illinois, USA. Jordan prepared exhibits and performed multiple tracing methodologies to outline deficiencies in the government’s tracing calculations in relation to a Preliminary Order of Forfeiture. He helped prepare a testimony outline used in trial in which his analyses helped the Defendant recover $4.7 million in assets to date.

CLAIMS ANALYSIS

Various Manufacturing Firms, Master Settlement Agreement (MSA) Enforcement, USA. Jordan provided litigation support on behalf of multiple international manufacturers subject to an MSA. He reviewed and analyzed large quantities of paper and electronic data to arrive at metrics demonstrating the level of state-specific compliance with enforcement regulation based on the requirements of the MSA.

TRADEMARK INFRINGEMENT

GhostBed Mattress, Trademark Infringement – Lost Profits Calculation, New York, New York, USA. Jordan assisted in the calculation of lost profits related to the alleged infringement of patented trademarks in the mattress industry. He reviewed and analyzed accounting records, identified infringing revenues, and assisted in the preparation of an expert report.

FINANCIAL LOSS

Pep Boys, Natural Disaster – Financial Loss Modeling and Analysis, Puerto Rico. Jordan prepared financial models and analyses for an automotive part manufacturer that experienced a loss due to a natural disaster in Puerto Rico. He reviewed large quantities of data, including projections and market figures, to form analyses used by the manufacturer.

I. The fundamentals of forensic accounting in legal practice | 2:00pm – 2:20pm

II. Techniques for tracing financial transactions and uncovering hidden assets | 2:20pm – 2:40pm

III. Identifying red flags: common indicators of fraud and financial misconduct | 2:40pm – 3:00pm

Break | 3:00pm – 3:10pm

IV. Forensic analysis in civil and criminal litigation: case studies | 3:10pm – 3:40pm

V. The impact of digital transactions and cryptocurrencies on forensic investigations | 3:40pm – 4:10pm