Investigations

We lead sensitive, high-stakes investigations where independence, credibility, and speed matter. Trusted by boards, sponsors, lenders, and law firms, we investigate allegations involving occupational fraud, conflicts of interest, books-and-records manipulations, bribery and corruption, Ponzi schemes, sanctions-related and anti-trust concerns, money laundering, and executive wrongdoing. We help clients establish the facts, preserve evidence, identify root causes, assess exposure, and provide a clear basis for decision-making, remediation, and stakeholder response.

We advise clients on high-profile accounting and financial reporting matters, including allegations of fraudulent reporting involving revenue recognition, financial instruments, and earnings management, as well as auditor malpractice, and evaluations of internal controls. Our team provides independent, expert perspectives on the application of Generally Accepted Accounting Principles (GAAP), along with thorough, objective evaluations of auditor compliance with Generally Accepted Auditing Standards (GAAS). We also assess the accuracy and adequacy of financial statement presentation and disclosures to ensure clarity, transparency, and compliance.

We support clients facing scrutiny from the DOJ, SEC, PCAOB, state regulators, inspectors general, and other enforcement authorities. Our services include internal investigations, allegation assessment, fact development, document and data review, financial analysis, and remediation planning. Working closely with counsel and management, we bring a disciplined, defensible approach to regulatory response—grounded in well-supported findings and a clear understanding of the underlying facts and associated risks. Our experience includes matters involving the Foreign Corrupt Practices Act (FCPA), the False Claims Act (FCA), antitrust and competition issues, inability-to-pay analyses, books-and-records issues, sanctions-related concerns, and a broad range of other regulatory and enforcement matters.

We provide forensic accounting and dispute advisory services in litigation, arbitration, and other contentious matters. Our professionals assist with damages analysis, lost profits, post-acquisition disputes, purchase price and working capital disputes, accounting and financial issues, asset tracing, solvency-related questions, valuation-related disputes, ownership and fiduciary-related disputes, and expert support. We work closely with counsel to develop defensible analyses, prepare expert materials, and support case strategy through trial, hearing, mediation, arbitration, or settlement.

We help clients assess integrity, conduct, and reputational risk in connection with executives, directors, key employees, counterparties, third parties, investment targets, and other high-risk relationships. Our work includes public-records research, litigation and regulatory review, source inquiries, business intelligence, and other targeted procedures designed to identify red flags that may affect a transaction, appointment, business relationship, or governance decision.

We conduct intelligence-driven and financial analyses to identify hidden relationships, beneficial ownership, control structures, asset flows, and the movement of funds across entities and jurisdictions. These capabilities support investigations, disputes, recovery efforts, diligence, and risk assessments, particularly where counterparties, insiders, or bad actors may be using opaque structures, cross-border channels, or digital assets to conceal activity, obscure ownership, dissipate value, or place assets beyond reach. Our work helps clients understand where value moved, who controlled it, and what avenues may exist for preservation, recovery, or further action.

We support clients and counsel in managing complex electronically stored information in investigations, regulatory matters, and disputes. Our work includes data scoping, collection strategy, review workflow support, search and prioritization approaches, and coordination across large document populations to help teams preserve evidence, focus review efforts, and develop defensible factual records efficiently.

We assist clients with matters involving suspected money laundering, suspicious transactions, internal control failures, and broader financial crime risks. Our work includes investigative fact development, transaction analysis, source-and-use-of-funds review, forensic accounting, and internal control assessment. Working alongside counsel and key stakeholders, we provide clear, defensible insights that support effective responses to regulatory, lender, and governance scrutiny, while helping clients strengthen controls and mitigate future risk.

We assist clients in matters involving suspected sanctions violations, trade controls issues, restricted-party concerns, and other cross-border regulatory risks. Our work includes investigative fact development, transaction and payment-flow analysis, third-party and counterparty review, beneficial ownership assessment, and support for counsel and stakeholders responding to regulatory, lender, or governance inquiries. We help clients assess exposure, understand how transactions and relationships were structured, and develop clear, defensible findings to support response, remediation, and decision-making.

We support companies, investors, boards, and counsel in matters involving suspected health care fraud, billing irregularities, kickback-related concerns, improper reimbursement practices, documentation issues, and other regulatory or enforcement-sensitive allegations. Our work combines investigative analysis, forensic accounting, data review, and fact development to help clients assess exposure, respond credibly, and move toward resolution.

We apply advanced analytics to large, complex, and often disparate data sets to identify anomalies, reconstruct financial flows, test hypotheses, and accelerate fact development. Our work includes transaction testing, ledger and journal entry analysis, trend and outlier analysis, population review, and analysis of structured electronic data, which is often central to investigations, disputes, and other high-stakes matters. By combining analytical rigor with effective visualization and close collaboration across investigative, financial, and industry workstreams, we help clients and counsel move efficiently from raw data to meaningful findings and defensible insights.

We help clients assess and investigate whistleblower complaints, hotline allegations, and other internal reports of misconduct. Our team supports triage, scoping, preservation, governance escalation, fact development, and reporting to management, boards, or committees as appropriate. We also help clients identify remediation opportunities and strengthen investigation protocols for future matters.

We help clients strengthen compliance programs and internal control environments both proactively and in response to identified issues. Our services include enterprise and targeted risk assessments, compliance program design and enhancement, third-party risk management, internal control reviews, monitoring frameworks, investigations protocols, and remediation planning. We work with clients to develop practical, risk-based solutions tailored to their business, operating model, geographic footprint, regulatory environment, and governance needs, with a focus on measures that are sustainable, defensible, and capable of standing up to stakeholder and regulatory scrutiny.

When a significant issue surfaces unexpectedly, we move quickly to help clients stabilize the situation and preserve optionality. We support urgent matters involving whistleblower allegations, dawn raids, cyber-enabled fraud, accounting concerns, executive misconduct, suspected asset diversion, and other fast-moving events that require immediate coordination with counsel and leadership. Our teams help preserve evidence, establish governance, scope the issue, develop facts under tight timelines, and support leadership and counsel through the critical early phase of response.

We support stakeholders navigating distressed and special situations involving cash leakage, suspicious payments, lender concerns, fraudulent transfers, fiduciary issues, liquidity pressure, covenant stress, preferential actions, and financial reporting challenges. Our work also includes solvency analyses, inability-to-pay assessments, and other restructuring-related disputes, where independent financial analysis is critical. Drawing on Hilco’s broader restructuring, valuation, and capital solutions capabilities, we help clients assess risk, investigate underlying issues, quantify exposure, and support recovery and resolution strategies in complex situations.

We assist private equity sponsors, portfolio companies, lenders, and management teams with integrity and forensic issues before, during, and after transactions. Our work includes integrity due diligence, management and third-party background checks, post-close accounting and misconduct concerns, leakage, working capital disputes, and value-impairment risks. We help clients identify issues early, assess their implications, and respond in ways that protect enterprise value.

We support monitorships, independent compliance reviews, and other oversight engagements where objective, defensible evaluation of remediation and control effectiveness is critical. Our team assesses the design and operating effectiveness of compliance measures, governance enhancements, and corrective actions, and provides clear reporting to stakeholders, counsel, boards, regulators, or other appointed authorities as appropriate.