Shoot for the Moon: When Fraud Kills Your Company ON DEMAND

Overview

As the liquidating trustee, Jeremiah Foster and Resolute were responsible for the dissolution of Shoot the Moon, a restaurant group operating across three states with fifteen franchises. Through forensic accounting, they identified various financial irregularities over a five-year period, including a kiting scheme, a Ponzi scheme, and merchant cash advance lending activities. In this case study, Mr. Foster will detail the process, his role, and the fiduciary duties of a trustee, providing valuable insights into the complexities of managing such a significant financial undertaking. This session was recorded on March 20, 2024 at the 2024 Fraud & Forensic Accounting Virtual Conference.

Highlights

Forensic accounting in complex liquidations. Identifying financial irregularities and fraud schemes. Fiduciary duties and trustee responsibilities.

Prerequisites

Basic knowledge of fraud and forensic accounting.

Designed For

CPAs and accountants.

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.

Preparation

None.

Notice

None.