Shoot for the Moon: When Fraud Kills Your Company

Description

As liquidating trustee, Jeremiah Foster and Resolute were tasked with winding down Shoot the Moon, a three-state, fifteen franchise restaurant group. Forensic accounting uncovered sources and uses of funds over a five-year period revealing a kiting scheme, Ponzi scheme, and merchant cash advance lending activities. Hear Mr. Foster walk through the case study, highlighting the process, role, and fiduciary duties of a trustee. This session was recorded on March 20, 4 at the 4 Fraud & Forensic Accounting Virtual Conference.

Objectives

• Analyze the forensic accounting techniques used to uncover financial irregularities, including a kiting scheme, Ponzi scheme, and merchant cash advance lending activities.
• Understand the role, responsibilities, and fiduciary duties of a liquidating trustee in the context of winding down a multi-state franchise operation.
• Evaluate the step-by-step process undertaken by the trustee to investigate and resolve complex financial issues in the Shoot the Moon case study.

Designed For

Forensic accounting professionals; Litigation services consultants and experts; Emerging FVS professionals; CFOs, controllers and senior financial professionals.