Forensic Accounting Austin, TX

IDENTIFY CRIMES OR PROVE INNOCENCE WITH OUR EXPERTISE, SKILLS, AND TECHNOLOGY

Whether you’re a business owner who suspects employee embezzlement or believe your spouse is hiding assets in a divorce, Sage Investigations is your ally for expert forensic accounting in Austin, TX.

Led by retired IRS Special Agent and Certified Fraud Examiner Ed Martin, our team of experts brings 50-plus years of experience in shedding light on the truth in complex financial situations.

Through a meticulous approach combining comprehensive investigation, our proprietary software, in-depth knowledge, and expert witness testimony, you’ll receive the accurate, reliable information you need to support your case.

Whatever situation you’re facing, our team of financial investigators is here to assist you. Call us at 512-659-3179 to request a free consultation today.

What is Forensic Accounting?

Forensic accounting is a specialized field that uses accounting, auditing, and investigative skills to investigate and examine financial statements and records to uncover irregularities or fraudulent activities and identify and analyze financial data patterns, providing valuable insights to legal professionals, companies, insurance companies/TPAS, and individuals.

How Sage Investigations Can Help Through Our Forensic Accounting Services

Sage Investigations specializes in forensic accounting in Austin, TX, and is an expert in identifying financial crimes and fraud, including corporate fraud, money laundering, embezzlement, insurance fraud, or proving someone’s innocence. We work alongside legal professionals to conduct financial investigations. We have various techniques and tools to identify and analyze financial data, including tracing financial transactions, analyzing financial records, and preparing reports that can be used in criminal and civil legal proceedings. We utilize our proprietary technology, DIO.

Who Forensic Accounting Benefits

Forensic accounting can benefit a wide range of companies and individuals.

Corporations & Small Businesses

Companies use forensic accounting to detect and prevent fraudulent activities by employees or third parties. Forensic accounting and corporate investigations can identify the root cause of financial irregularities and take appropriate action, such as terminating or prosecuting employees or implementing preventive measures to avoid future financial crimes.

Some of the types of corporate fraud we investigate include employee embezzlement, vendor and procurement fraud and financial statement fraud.

Case Studies – Corporations & Small Businesses

Here is just one of the many corporate investigations we’ve assisted in.

Partner embezzlement: Ed Martin and Sage Investigations were hired to analyze the records of the client and to prepare a report and analysis. Martin investigated and later testified in an embezzlement scheme involving a flight center in Morristown, NJ. The one-third owner/manager, in a period of eight years, used four schemes to embezzle $2.2 million.
- Results: The arbitration judge agreed, and the defense agreed that the partner had embezzled $1.7 million from the partnership using four different schemes to steal money from the partners. The IRS Criminal Investigation prosecuted the partner for four years and unreported income of $870,000.

Legal Professionals

Forensic accounting can provide critical support to legal professionals through litigation support. Forensic accountants can assist in building cases, analyzing financial statements and transactions, and providing expert testimony in court.

Case Studies – Legal Professionals

Ponzi scheme: Ed Martin prepared and testified in deposition and an oil and gas arbitration in Evanston, IL. The operator of the oil and gas company sold limited partnerships to investors, but did not produce any results, so the investors requested to see the books and records of the company. The operator refused to produce the books and records and the financial statement in direct violation of the limited partnership agreement.
- Results: The three-panel judges agreed with Martin’s presentation and findings that the operator of the oil and gas company ran a Ponzi scheme and damaged his investors.

Insurance Companies/TPAs

Forensic accounting is frequently used by insurance companies to investigate claims filed by individuals and companies. Forensic accountants can help insurance companies determine claims’ validity, locate hidden assets, and identify fraudulent activities.

Case Studies – Insurance Companies/TPAs

Inflated losses: A new coastal restaurant and bar operator filed a lawsuit and submitted a claim for $550,000 for a loss of revenue, inventory, cost of goods sold, and retail store sales because improper construction caused them to shut down. The contractor’s insurance company hired Sage Investigations to provide forensic accounting.
- Results: From an examination of the books and records provided, it was determined that the loss was half of what was claimed.

Individuals

Forensic accounting can benefit individuals victimized by financial crimes, such as embezzlement or investment fraud. Forensic accountants can provide expert testimony in court. Forensic accountants for divorce can perform tracing to determine separate and community property to help individuals going through a divorce obtain the settlement they deserve.

Case Studies – Individuals

Estate funds used for personal use: Ed Martin and Sage Investigations, LLC, were hired to investigate a matter involving the misuse of funds from the estate of the client’s mother and father by the client’s brother, who was the executor of the estate. The brother allegedly used in excess of $500,000 of the estate funds for his personal use.
- Results: The brother later died, and after Martin rendered a report regarding the misuse of funds of the estate of the parents by the brother, the brother’s spouse agreed to settle with the client and repaid the funds.

Request a Free Consultation Today

When you need forensic accounting in Austin, TX, or anywhere else in the country, Sage Investigations is your trusted partner. We have the experience, skillset, education, and technology, and can also serve as an expert witness to testify on your behalf.

Call us at 512-659-3179 to request a free consultation today.