Taking a Look at The Most Famous Forensic Accounting Cases

If you’re reading this blog, you already know that forensic accounting is accounting that deals with litigation and disputes. Forensic is used because the result of this type of accounting is facts that can be utilized in court. Expert evidence is given by forensic accounting firms in NYC, LA and every other American city. Below, we will take a look at some of the most famous cases that went one way or another based on the findings of forensic accounting.

Al Capone’s Tax Fraud – Al Capone may be the most notorious and violent gangster in American history. His rule over the Chicago drug scene is well documented, but what many people do not know is he didn’t go to jail for his violence. Capone was brought in on tax fraud through forensic accounting. The evidence was in the money brought in from illegal activity that was never documented for tax purposes.

A Beatle’s Divorce – When Paul McCartney was going through his divorce with Heather Mills, his ultimate networth came into question. Mills believed that McCarthy was worth north of 800 million pounds at the time and she was entitled to half. Not overly surprisingly, McCarthy felt he was worth much less. Forensic accountants were asked to prove the truth worth of McCartney’s assets. They found that the truth was closer to 450 million and that’s how they determined how much money Mills would ultimately receive.

OJ’s Money – Everyone is well aware of the infamous OJ Simpson murder trial. The story is in the headlines again with ESPN’s latest documentary. However, many people don’t realize that after Simpson was found innocent of murder, Nicole Simpon’s family sued over the money her family was due. Simpson claimed that the trial had left him flat broke and he was unable to assist financially. This is where a large team of forensic accountants were brought in to set the record straight. It turned out that OJ had more than 33 million dollars. The family was then paid an undisclosed amount.