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Archive for the ‘Forensic Accounting’ Category

Cost Overruns Tied to Embezzlement Scheme

Posted on: November 6th, 2019 by i1sadmin No Comments


When a construction project went over budget by 50%, an extra $2 million, the investors wanted answers. Not satisfied with the general contractor’s nebulous explanations of expenses, over time they became increasingly convinced that something nefarious was occurring. Integrity One Solutions was called in to reconstruct the books and records, to identify and quantify questionable transactions, and to trace assets for potential financial remedy.


We conducted a meticulous review of financial records, time and materials invoices, and we analyzed building permits issued to the general contractor during the same time. We conclusively determined that materials ordered and delivered to the client’s work site were not only excessive, but also were likely diverted to satisfy the needs of other projects. The discrepancies pointed to an embezzlement scheme.


This analysis served as the body of evidence used by the client to successfully pursue legal and financial remedies against the general contractor.

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