A major international financial service company needed a forensic accounting review to quantify a misappropriation by a reinsurance broker. Over $100,000,000 in misappropriated funds was identified and Alan Gray LLC’s staff were instrumental in assembling the required support that led to a substantial recovery and prosecution.
A technology-based manufacturer in Rhode Island claimed an employee theft loss of $1,100,000. The misappropriation was reconstructed and the claim settled for $600,000 totaling a savings to the insurance carrier of $500,000.
An apartment complex submitted a loss of rent claim of $280,000 due to hurricane Katrina. A thorough evaluation demonstrated that the loss was only $222,000. This resulted in a savings of 20% to the carrier.