Protect your assets. Protect your name.
Our Offering
Our service line has been developed by athletes, for athletes. We know the situations you may find yourself in, simply because of your job, your team affiliation, the public’s perception of you, and the related business dealings that come with the territory. We understand because our team comprises former professional athletes, retired NFL players, and an experienced professional team that has worked with high-profile and high-net-worth clientele for over 30 years. We are that one phone call you can make 24/7 to mitigate risk, investigate related parties, and legitimize business dealings.
Your Privacy
Intellex and its subsidiaries are in the business of confidentiality and discretion. We respect your privacy and security and are committed to protecting your personal information in all our operations. We will never use your name in our marketing material without your prior written consent and use safeguards to protect your confidentiality.
Our Services
We work with our clients to trace, identify and locate assets held by people and businesses around the world. Our team of forensic experts, investigators, and accountants identify affiliations, real property, personal property, related parties, criminal history, and other critical facts that will assist in litigation. We have a streamlined process that will present and organize these facts in a user-friendly, and easy to navigate way for our clients.
The complexity of a business valuation is dependent and heavily influenced by the various purposes for which a valuation may need to be performed and the number of methods that could be applied. Whether you are preparing for a potential sale, need to measure your performance, conduct a risk assessment, expand your list of investors, or simply provide assurance to your stakeholders, our team is here to help you navigate this process. Our team is world-class, we operate on a global scale, and have a deep fundamental understanding of industry, economic, and geographical information needed to value your business.
Our work in this area involves verifying and identifying affiliations, real property, personal property, related parties, criminal history, and other critical facts that will assist in important decision making. We have a streamlined process that will present and organize these facts in a user-friendly, and easy to navigate the way for our clients. Our product consists of fact-finding, review, presentation of summary, and our recommendations for further research.
With many divorces, there is a feeling from one party of unfair treatment, which could stem from a variety of scenarios such as a stay-at-home parent, prenuptial agreements, one party having substantial nonmarital asset claims, child support obligations, etc. It is common for parties in a divorce to disagree on which assets should be considered in the divorce, to adjust spousal maintenance based on “x-y-z”, or to ask for additional child support for any of a variety of reasons. Or in situations of a foreseen divorce, one party may be preparing for future survival by hoarding and concealing cash and assets. We have extensive experience working with clients in each of these scenarios to ensure they are not taken advantage of and the money they work hard for is handled accordingly.
At Intellex Forensics, we ensure that you feel comfortable with the decisions you make to acquire or not acquire a business. Through highly specialized and wide international experience, we have developed an objective methodology that allows our team to analyze and provide insight into financial, background, structure, and operational aspects of a deal. The outcome of our process will allow you to structure a deal that will not only be advantageous but will also give you the ability to spend your time on what you should, and eliminate the possibility of buyer’s remorse.
Choosing an expert that is qualified is one thing, but finding an expert that can handle cross-examination, communicate findings effectively and concisely, and has the composure to handle a courtroom is a completely different scenario. We don’t fold under pressure, we don’t let emotion take over professionalism, and we stand behind our work product.
Our credentialed accounting and investigative experts perform financial investigations to understand when, how, and to what extent the fraud occurred. We employ a unique set of skills and experience not found in any other discipline. Our ability to analyze complex financial transactions is paired with highly specialized programs and skills designed for fraud detection and analysis, to help you calculate and recover your losses.
Professional athletes have the ability to impact communities in ways no other profession can. They have the competitive advantage of raising awareness around their passions and initiating global action. In many respects, philanthropy and charitable giving have become the new normal for athletes. To the extent that if you are not using your “level of celebrity” to better the world around you, it may impact the public’s perception of you. In that same regard, the spotlight on these philanthropic ventures shines brighter than ever. Athletes are heavily scrutinized for every move they make, but this should not detract away from philanthropic actions.
What if you had the ability to show your donors, supporters, and community that your non-profit or foundation has received a stamp of approval from Intellex Forensics? As a firm that specializes in compliance, fraud investigations, and due diligence, we will analyze your financials and any related documents, giving us the ability to make a determination whether or not your venture deserves our official stamp of approval. This analysis will verify donations and compare them to income, verify and calculate annual program expenses, calculate administrative and fundraising costs, and ensure compliance with various accounting standards and responsibilities.
The stamp of approval from Intellex will give you total confidence, ensure compliance, and create trust from your donors, community, and peers.
Toby Gerhart
Cory Svihla
4 Tips for Small Business Dealing with the Impact of COVID-19
The business world has changed since the beginning of COVID-19, and a certain amount of adaption needs to happen whether we like it or not. One of the apparent categories of issue that many businesses face, are the financial and fraudulent barriers that have been heightened or have arisen during this period. We have four tips to help businesses during this time.
Twitter Was Hacked; What Does This Mean?
“One of the worst cybersecurity disasters” in history occurred on the social media platform, Twitter, on July 15th, 2020. Twitter, of course, is a ‘microblogging’ site that is the service […]
World Leaders in PPE Procurement Advisory & Due Diligence
In the unprecedented COVID-19 world we now live in, it appears the laws of the “Wild West” have taken effect. Buyers of all sizes are formulating fictitious “Proof of Funds” […]
Does the type of fraud differ between industries and locations?
Fraud is an on-going concern for companies of all types and sizes. Certain industries are susceptible to different types of fraud, and can be affected in different ways based on […]
Forensic accounting differs from traditional audits primarily because of the purpose behind an audit. An audit is not intended to detect fraud, and that is clearly stated in audit engagement documentation. Forensic accountants work to uncover anything relating to fraud or financial misconduct against a business or individual. This may include anything ranging from vendor or employee fraud to financial statement fraud and corruption. Audits are strictly set to evaluate and examine the financial statements and provide declaration that all information provided by the financial statements is an accurate depiction of the business.
On most occasions, a forensic account is hired with a specific job in mind such as calculating damages, tracing and dividing assets, or valuing a business. Depending on the engagement the forensic accountant chosen should have the education, work experience, and certified credentials to withstand the scrutiny of the courtroom. Some of the common credentials to look for in a forensic accountant are:
CPA - Certified Public Accountant,
ASA - Accredited Senior Appraiser,
CFE - Certified Fraud Examiner,
ABV - Accredited in Business Valuation,
CITP - Certified Information Technology Professional, and
CFF - Certified in Financial Forensics
Forensic Accountants should be retained as early as possible in order to obtain maximum benefit. If retained early, a forensic accountant can assist with the examination for discovery, identify additional areas of damages, assist with settlement negotiations, or provide a preliminary assessment of the quantum of damages.
Depending on the situation, it may not be necessary to retain a forensic accountant through an attorney, at least initially. In situations where litigation or disputes arise, retaining a forensic accountant through an attorney is a protective mechanism to ensure that their work and communications can be protected from certain discovery requests. If you have not pursued litigation and/or have not retained an attorney, please reach out so that we can discuss the best course of action moving forward.
It is nearly impossible to estimate the cost of a forensic review and analysis without having pre-existing knowledge of the company, scope of the business, financial background, and a review of the accounting system. Our typical approach is to engage with a client and before commencing any paid services, we take a look at the scope of the project and provide estimates. Many times, these estimates include certain timing thresholds or designated points in which we report our findings so that we can estimate future costs. With the number of engagements our team has performed over time, we have the ability to provide pricing estimate ranges in most scenarios.
A forensic accountant can help reveal lucrative information during a divorce preparation stage. These services can calculate the amount of money accessible for alimony payments and child support, as well as finding different personal and community assets and liabilities and/or hidden income streams and assets.
A forensic accountant may NOT work on a contingency basis. The American Institute of CPAs forbids members from accepting contingency fees for their work.
The fairly obvious and most important part of a business valuation is the business's financial information. The preparer will request a balance sheet for each quarter for the past three to five years—depending on how long the company has been in existence. They will also need income statements and other financial statements for each quarter for the past three to five years. Other financial records include company financial forecasts such as balance sheets and income statements. Also, information on obligations for retirement plans, profit sharing, stock options, and bonuses will be required for the review.
In most cases, a forensic accountant is initially retained to review financial records because of a suspicion by one party that fraud or accounting irregularities are occurring with the facilitation of another party. Some of the common red flags that lead to this suspicion are:
Excessive or unaccounted for cash transactions,
Unreconciled bank account statements,
Unusual amounts of expense items, supplies, or employee reimbursements
Sudden activity in inactive accounts.
Forensic Accounting is a specialized practice where investigation, analysis, and accounting principles meet, to uncover financial misconduct, uncertainty, and crimes. Any irregularities are prepared for analysis and presented for use in a court of law.
A CPA is a certified public account that is a trusted financial adviser who has passed the CPA exam and met work experience requirements prior to becoming licensed. These requirements for licensure require CPAs to maintain the highest standard of knowledge and ethics when operating in a financial position.