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JUST THE FACTS
A Forensic Accounting and Business Valuation Resource

Welcome to My Blog


            Bob Garvey


I am a person who is fascinated by crimes committed by otherwise respectable people, who have attained some element of social status and have an occupation that can provide them a decent living. Why do these people steal from their employers, partners and family and how do they do it? I have devoted much of my career to answering these questions through cases I have handled and learning from others who investigate these crimes.

As a professional accountant and business advisor, the question of business value intrigues me. The field of business valuation is a complex area with many variables to consider and approaches to take in arriving at an opinion of value. The issue of value frequently finds its way into the court room to be decided and is therefore an appropriate area for discussion in this blog.

My plan is to provide factual information, offer advice, ask questions and solicit input that is useful to experienced professionals in the field and the legal community that uses forensic accounting and business valuation services.

I invite you to reach out to me, so please leave a comment, email me your questions, join my LinkedIn communities or even feel free to call.

Email: bobg@mksh.com
Phone: 410.296.6200





Want to know more? Click here to read Bob’s complete bio.

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Categories
Other Great Blogs to Check-Out
It’s About You
JDA
Archives
Elder Fraud Tips
Does Your Divorce Team Need A Forensic Accountant?
Trust – An Over Rated Concept in Fraud Risk Management
Personal vs. Enterprise Goodwill – Multi-Attribute Utility Model (MUM) Is a Solid Solution
SHOW ME THE MONEY (PART 2) – Hidden Bank Accounts in Foreign Countries
Hide and Go Seek! When Partnering with a Detective Makes Sense
Collaborative Divorce – What about the Family Business?
Report Writing Traps For Valuation Experts
Cloud Computing – A Major Challenge for Investigators
The Importance of Personal Lifestyle Investigations
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Friday, September 07, 2012
Elder Fraud Tips

Stealing from senior citizens is reaching epidemic proportions in this country. Estimates are that scam artists steal over $2.0 billion from unsuspecting seniors each year.  [...]

Posted By Admin At 1:47 PM • Comments (0) Trackbacks (0)
Thursday, May 03, 2012
Trust – An Over Rated Concept in Fraud Risk Management
handshake.jpegI recently came across an interesting article written last year by Jonathan Marks of Crowe Horwath. Mr. Marks points out that fraud is not about obstruction, rather it is about deception. He notes that trust is a professional hazard, “if you trust someone you are at risk of being deceived.” [...]
Posted By Admin At 2:47 PM • Comments (0) Trackbacks (0)
Wednesday, December 28, 2011
Cloud Computing – A Major Challenge for Investigators
Cloud.jpgAs a former naval aviator, I am instantly attracted to anything to do with aviation. Imagine my disappointment when I discovered that there was no fraud investigation to be done in the clouds, rather it was a term of art used to describe offsite storage of data that uses the internet to transport the data. [...]
Posted By Admin At 3:11 PM • Comments (0) Trackbacks (0)
Tuesday, November 22, 2011
Check Fraud – Still a Big Problem

checkfraud.JPGThis morning I was reviewing my overnight downloads of fraud cases in the news and realized that of the ten or so cases reported, six of them involved check fraud.  You would think that after years of advice to our clients in the form of articles, seminars, risk assessments and fatherly advice that they would get it.  Apparently not, since 34% of all fraud reported in the ACFE 2010 fraud report involved check tampering and Ernst and Young recently reported that more than 500 million checks are forged annually. [...]

Posted By Admin At 1:58 PM • Comments (2) Trackbacks (0)
Thursday, October 27, 2011
In God We Trust?
money2.JPGOne of my partners joked recently that I am certainly on my way to heaven because of all the embezzlement I have uncovered that was perpetrated on churches. Sadly, little of the cash is ever recovered so I am not sure how much credit I actually get!

The real cost often far exceeds the monetary losses. The real cost of an incident often comes in the aftermath, when the church body learns they have been betrayed. Loss of trust often outweighs the dollars lost to an embezzler. In the worst of cases church members leave in droves and some churches don’t survive. [...]

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