The Critical Role of Quality of Earnings in M&A: Balancing Buyer & Seller Interests

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The Critical Role of Quality of Earnings in M&A: Balancing Buyer and Seller Interests In the high-stakes arena of mergers and acquisitions (M&A), the Quality of Earnings (QoE) report has emerged as an indispensable tool for both acquirers and sellers. This financial deep dive transcends traditional audits by scrutinizing the sustainability, reliability, and operational drivers of a company’s earnings. For buyers, QoE analysis mitigates the risks of overpayment and post-acquisition surprises by separating core earnings from financial noise. For sellers, […]

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The Family Business Dilemma: Five Forensic Fixes for Smooth Transitions

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The Family Business Dilemma: Five Forensic Fixes for Smooth Transitions Family businesses are the heart and soul of the American economy, yet only 30% survive to the second generation. Additionally, the number drops to 12% for the third generation and 3% for the fourth and beyond. Why? Transitions are hard, and often bring conflict, unclear finances, and emotional turmoil. When leadership changes, without a clear plan, legacy and trust can crumble fast. But there’s hope. Forensic experts, like the Intellex

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LA Woman Sentenced for $2.3M COVID Loan Fraud

LA Woman Sentenced for $2.3M COVID Loan Fraud

LA Woman Sentenced for $2.3M COVID Loan Fraud—a Los Angeles woman tried to outsmart forensic accountants and the feds but failed. Lilian I. Golestan secured $2.3 million in COVID relief using fake documents, inflated payrolls, and creative math. She even tried to claim an extra $3.6 million in employee retention credits, proving some people don’t know when to quit. How did forensic accountants crack the case? Follow the money!  Payroll discrepancies? Yep, they found ‘em. Turns out, claiming you have

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Graceland Fraud Scandal: A Suspicious Mind Almost Sold Elvis’ Estate

GraceLand

Graceland Fraud Scandal: A Suspicious Mind Almost Sold Elvis’ Estate Elvis Presley’s beloved Graceland was almost caught in a scam fit for a jailhouse rock. However, a Missouri woman recently pleaded guilty to a scheme that nearly led to the fraudulent auction of the King’s legendary home. If that’s not enough to leave you all shook up, wait until you hear the details. According to The Guardian, the scammers cooked up phony documents claiming that Graceland was being sold due

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The Invoice Doppelgänger

The invoice doppelganger

The Invoice Doppelgänger: How to Spot and Prevent Invoice Fraud in Your Business.  Invoice fraud is a growing concern for businesses everywhere, and it’s only getting worse. In fact, companies lose billions every year to this classification of fraud. One of the most problematic forms of this scheme is what’s called the “invoice doppelgänger.” Essentially, fraudsters use clever tactics to mimic real invoices and trick businesses into paying them. The worst part? They’re getting really good at it. So, how

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Feeding Our Future Fraud Case: Five Out of Seven Defendants Found Guilty

Feeding Our Future Fraud Case: Five Out of Seven Defendants Found Guilty

In a significant development in the Feeding Our Future fraud case, five out of seven defendants have been found guilty on multiple counts, including conspiracy to commit wire fraud, wire fraud, and money laundering. This case has been one of the largest non-profit fraud schemes in United States history, involving over $250 million intended for child nutrition programs. Quick Overview of the Fraud Scheme Feeding Our Future, a nonprofit organization was established to help provide meals to underprivileged children during

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25 Year Sentence For Bankman-Fried: What does this mean for Crypto?

25 year sentence for bankman fried

The 25-year sentence for Bankman-Fried sent shockwaves through the crypto world, underscoring the legal risks amidst industry growth. In the world of cryptocurrency and finance, few names have captured as much attention as Sam Bankman-Fried. From his meteoric rise as the founder of FTX Exchange to his involvement in various philanthropic endeavors, Bankman-Fried’s journey has been nothing short of remarkable. However, recent headlines have cast a shadow over his legacy, as news broke of his 25-year prison sentence. Let’s delve

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3 Reasons to Outsource Your Bookkeeping After Tax Season

3 reasons to outsource your bookkeeping after tax season 2

Tax season may be over, but the importance of maintaining accurate financial records and optimizing your bookkeeping practices remains constant throughout the year. As you reflect on the past tax season and look ahead to the future of your business, if you outsource your bookkeeping it can offer significant advantages. Here are three compelling reasons why you should outsource your bookkeeping after tax season: 1. Know Your Numbers So You Can Make Educated Decisions Effective decision-making relies on having a

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4 Common Misconceptions About Outsourced Bookkeeping

4 common misconceptions about outsource bookkeeping

Outsourced bookkeeping has become increasingly popular among businesses seeking to streamline their financial processes, yet several misconceptions still linger around this practice. In this blog post, we’ll debunk four common misconceptions about outsourced bookkeeping, shedding light on its benefits and dispelling any doubts. 1. “I can do it myself.” One of the most prevalent misconceptions about outsourced bookkeeping is the belief that handling financial tasks in-house is the most efficient and cost-effective approach. While some business owners may possess basic

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Top 4 Commercial Litigation Trends

top 4 commercial litigation trends

The top 4 commercial litigation trends of 2023 have been swirling through the media, causing Americans to experience anything from panic, to elation. Below, Intellex Forensics will dive into these trends, and discuss not only what they are, but why they’ve bubbled to the surface this year.  Crypto The first of the top 4 commercial litigation trends involves Cryptocurrency. Cryptocurrency took the world by storm in the late 2010s, and well into the COVID-19 pandemic, but crypto has been around for much

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