Experience
Client: U.S. Attorney’s Office & Maryland State Prosecutor’s Office
Focus Area: Forensic Accounting | Public Sector Fraud | Financial Sustainability Analysis
Overview
A County-backed incubator program came under scrutiny for suspected financial mismanagement. We were engaged to conduct a detailed forensic investigation into the program’s operations and sustainability.
Our Approach
- Performed a comprehensive review of financial records and internal controls.
- Analyzed program funding structures, expense reporting, and subsidies.
- Identified patterns of fund misappropriation and systemic financial weaknesses.
Key Findings
- Determined the incubator program was not financially viable without significant County subsidies.
- Uncovered a long-standing scheme to embezzle public funds, involving a senior County official.
- Calculated the financial impact and supported authorities in building a prosecutable case.
Outcome
Our investigation played a critical role in the successful prosecution of the former County official, who was sentenced to four years in federal prison and ordered to pay over $6.7 million in restitution and forfeiture. The case highlighted the importance of financial oversight and forensic diligence in safeguarding public funds.
