Proceeds of crime cases are an essential part of the justice system; prison sentences will only go some of the way to account for the damage done by a criminal act – it is important that any profits to have come from illegal activities are also recovered.
Not only is this important to ensure the ‘crime doesn’t pay’ adage rings true, but proceeds of crime investigations are also valued in funding projects in local communities. Indeed, police will often pass money recovered from criminals onto local projects – including clubs for young people or charities – to help them stay afloat.
What this also means is that forensic accounting plays an important part in criminal cases. And as the Crown Prosecution Service (CPS) attempts to take money away from defendants, Frenkels Forensics is often called upon to establish exactly how much an individual or business has profited from criminal activities.
Reports from the CPS usually claim that a defendant has benefited from a particular crime and it therefore intends to recover the amount of benefit from the defendant’s known assets. Frenkels Forensics is on hand to examine these reports closely, along with the defendant’s assets, and make sure that no more is taken away than ought to be.
There have been many cases in which Frenkels Forensics has acted on behalf of a defendant and proved that the CPS’s claims have been inaccurate. This can result when legitimate incomes are confused with illegal ones, meaning the prosecution is attempting to reclaim money that the defendant has rightfully earned – experienced forensic accountants can examine the evidence presented and adjust the figures based on said evidence to uncover a fair settlement in a proceeds of crime case.
For expert help in a criminal case involving proceeds of crime or any other type of financial dispute contact Frenkels Forensics for an independent appraisal.
We can help assist individuals, companies, lawyers, barristers and accountants in conducting a full investigation into accounts to ensure a fair settlement for the prosecution or defendant.
By Vitek Frenkel – find me via Google+.