Fraud - Thomas Neches & Company LLP

Understanding Occupational Fraud

Every industry is vulnerable to fraud. From large corporations to medium and small-sized businesses, occupational fraud is everywhere. Companies devote significant resources to catching and preventing fraud, yet new methods of committing fraud are invented daily. Fraud costs businesses and consumers billions of dollars each year. Allegations of fraud often incur in breach of contract cases.

Common Types of Occupational Fraud

Asset Misappropriation
- The most common type of fraud, this includes the manipulation of accounts or misusing of funds for personal gain. Asset misappropriation schemes include cash larceny, skimming, payroll, billing and check and payment tampering.
Corruption
- Corruption typically is perpetrated to company management. Corruption schemes include collusion, bribery, extortion and illegal payments.
Financial Statement Fraud
- Financial statement fraud cases involve the misrepresentation of profits, revenue, assets, or prediction of profitability. Victims include shareholders, creditors and investors.

Within all three of these occupational fraud types, there are many types of schemes which often go unnoticed until it’s too late. Many fraud cases often involve deliberately confusing reporting of financial transactions. It is important to hire a fraud expert witness to unravel and explain these complicated accounts and transactions.

Hiring a Certified Fraud Examiner and Expert Witness

By hiring a CPA expert witness and certified fraud examiner, your firm can rely on our decades of experience handling fraud cases in a broad array of industries. Thomas Neches & Company LLP reviews business records, financial statements and more to show a judge and jury meticulously-calculated amounts owed as result of the alleged fraud.

Learn more about our fraud-related representative engagements and trial testimony below.

Representative Fraud Engagements

Side	Case Number	Case Name	Attorney	Law Firm	Testify
Pln	BC 021495	Danjaq, S.A. v. MGM/UA Communications Co.	Mark M. Rosenthal	Jeffer, Mangels, Butler & Marmaro	Depo
Def	BC 033169	Steven Adler v. Guns N’ Roses	Morton G. Rosen	Haight, Brown & Bonesteel	Depo / Trial
Def	119554	Let’s Scramble, Inc. v. Pandora International Entertainment Group, Inc.	Jack I. Samet	Baker & Hostetler	Depo
Pln	750511	Fightertown Entertainment, Inc. v. Robertson, Stephens & Company, et al.	John A. Sturgeon	White & Case	Depo / Trial
Pln	BC 168 439	The Los Angeles County Sanitation Districts v. AFS, Inc.	Nancy A. Ramirez	Musick, Peeler & Garrett	Depo
Pln	72 145 00553 98	Fidelity Commercial Enterprises v. Managed Resources, Inc.	Perry L. Hirsch	Dapeer & Hirsch	Trial
Pln	BC 193558	PMC, Inc., et al., v. Paul Winkler, et al.	Sean Riley	Christensen, Miller, Fink, Jacobs, Glaser, Weil & Shapiro	Trial
Pln	BC184264	NEI Direct, Inc. v. First USA Bank, et al.	Arnold G. Regardie	Law Offices of Arnold G. Regardie	Depo / Trial
Pln	PC 027655	Ik Nam You v. Chong Yol Kim	Peter Y. Chang	Law Offices of David S. Kim & Associates	Trial
Pln	CV04-6340-JFW(SSx)	Go Motorboards, LLC v. EnerSys, Inc.	Michael A. Painter	Isaacman, Kaufman & Painter	Depo
Pln	BC 274623	Dante Valve Corporation, et al. v. Bank of America Corporation, et al.	Joseph G. McGuinness	McGuinness & Associates	Depo
Pln	1200037463	NationsFirst Lending, Inc. v. NovaStar Financial, Inc.	Cameron M. Jolly	Mixon, Valk & Jolly	Depo / Trial
Pln	RCV 086636	Robert Yang, M.D. and Claudia Kano v. Robert Camarena, et al.	Troy Aykan	Law Offices of Troy Aykan	Trial
Pln	C05-03295 WHA	Nancy Lendall v. Chase Manhattan Mortgage Corporation	Laura Lynn Davidson	Law Offices of Jeffrey L. Davidson	Depo
Pln	BC361111	Housing Authority of the City of Los Angeles v. Lucille A. Loyce, et al.	Charles E. Slyngstad	Morris, Polich & Purdy	Depo / Trial
Def	BC 343 303	R.H. III Preferred Tool & Die, Inc. v. Milutin Babic	D. Joshua Staub	Law Office of D. Joshua Staub	Depo / Trial
Pln	BC 354412	Jim Shai Kolodaro v. Katherin Maghen, et al.	Robert J. Sherman	RJSLaw	Trial
Pln	2-06 CV 02800 ODW-CT	Samica Enterprises, LLC, et al. v. Mail Boxes Etc. USA, Inc., et al.	Robert S. Boulter	Lagarias & Boulter	Depo
Def	YC053574	Gordon Family Trust, et al, v. James J. Regan, et al.	Scott E. Shapiro	Law Offices of Scott E. Shapiro	Depo
Def	72 517 00904 13 TNM	Victor Perez Leon v. Vicente Del Rio	Jeffrey G. Huron	Dykema Gossett LLP	Trial
Def	BC430809	Sylvester Stewart and Ken Roberts v. Gerald Goldstein, et al.	Gregory Bodell	Kozberg & Bodell LLP Attorneys	Depo / Trial
Def	50 148 T 00323 13	Innovation Advisory Group, Inc. v. National Pacific Corporation, et al.	David L. Cousineau	Capello & Noël LLP	Depo / Trial
Pln	BC532950, BC529916	Donna L. Kaplan v. Jeffrey A. Kaplan, et al.	Luan K. Phan	PB Law Group, LLP	Depo / Trial
Pln	BC630989	Art & Coin Television, LLC , et al. v. Gregory Thomas, et al.	Jeffrey G. Huron	Dykema Gossett LLP	Depo

Key Sample Representative Fraud Engagement

Housing Authority of the City of Los Angeles v. Lucille A. Loyce, et al. (Charles E. Slyngstad – Morris, Polich & Purdy). Mr. Neches testified as an expert in California Superior Court, Los Angeles County, on behalf of the Housing Authority in this misappropriation of assets matter. The Housing Authority, a public agency that provides affordable housing to over 113,000 residents in Los Angeles, accused defendants, who had been the Director and Assistant Director of the Authority, of wrongfully steering to an accomplice, under the guise of bogus “consulting” work, federal funds designated to help residents. Mr. Neches testified regarding his analysis of payments to the accomplice, which totaled over $1,200,000 during the years 2000 – 2004. Result: the jury ordered defendants to repay the Housing Authority $528,000.