Arxis Financial Litigation Consulting Update e-newsletter

April 2010

Feature Article:

"Insurance Fraud Matters: Should You Hire a Forensic Accountant?"

Insurance carriers have internal audit and investigative units that establish and quantify fraud. So why would an outside resource be needed? If litigation is initiated to recover losses (civil court) or prosecute a suspected crime (criminal court) an outside firm is often used. Depending on whether the matter is civil or criminal, the applications are significantly different. (click here for complete article)

Practice Profile:

Forensic Accounting Services for Insurance Fraud

Since insurance fraud investigations are initiated due to suspicions about a certain type of fraud or a suspected individual, it is helpful to engage the expertise of a trained fraud examination specialist. Arxis Financial employs trained professionals who specialize in the detection and prevention of fraud.

In insurance fraud matters, attorneys engage Arxis Financial to analyze, explain and present financially complex issues, typically relating to on-the-job injury and property-casualty fraud, as well as other insurance fraud schemes. The specialists in Arxis Financial’s “Forensic Accounting” practice apply detailed investigation and analysis that is necessary to uncover essential facts and provide meaningful insights. Our fraud investigators assist in determining whether fraud occurred, and if so, to estimate the extent of monetary loss or damages and to determine who committed the fraud.

Arxis Financial utilizes various investigative and analytical procedures to support criminal or civil actions. Our services include analysis of personal and business transactions, document review and tracing, and expert witness testimony. Expert analysis and conclusions are presented in depositions and trial at local, state and federal court levels as well as mediation and arbitration. We assist attorneys in interpreting the data, and help counsel to understand and analyze events or issues. This level of support can be a key asset in determining a legal strategy as well as reaching a reasonable and efficient conclusion.

Partner Profile:
The Forensic Accounting practice is headed by partner Chris L. Hamilton, CPA, CFE, CVA, DABFA. Mr. Hamilton is a Certified Public Accountant, Certified Fraud Examiner, Certified Valuation Analyst, and a Diplomate with the American Board of Forensic Accounting. He is a licensed life and disability insurance agent and a General Securities Representative. Mr. Hamilton has published articles in several publications, and has made presentations at national conferences, training institutes and seminars on topics including forensic accounting, fraud and business appraisal.

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Litigation Consulting

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