Illegal dealings in the criminal world can land you in hot water. Not only may you face a lengthy sentence in a prison cell, but also money earned in the course of criminal activity can be subject to recovery by the state.
In deciphering where the money trail begins and ends during criminal proceedings, forensic accounting is often a necessary tool. Working for both defendants and prosecutors, Frenkels Forensics offer experience in these matters, compiling accurate reports for the Crown Prosecution Service.
In most cases the prosecution’s case requires a detailed forensic examination to find the true extent of the criminal activity. The task involves assessing the evidence presented while ensuring that legitimate income is isolated and not covered in the claim.
As an example, when a defendant has been caught selling drugs, but owns a number of other businesses, including a shop, it is understandable that the courts may seek to recover the proceeds of their illegal drug selling. However, it is not expected that the proceeds of other businesses should be taken into account when evaluating that sum, leaving the defendant’s legitimate earnings untouched.
It’s our job to outline where proceeds of crime did and did not accrue, and then to present this information in a detailed, court-ready report. The focus is on using forensic accounting to evaluate the sum claimed by the prosecution, and determine the true value of the proceeds of crime.
For expert help in a criminal case involving any kind 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+.