The business was doing $4 million
in sales and reportedly losing money. Through internal files and duplicate
bank statements, RRMC constructed a duplicate set of books
for the preceding 24 months. This cash basis modeling
showed a pattern of material fraud, including the transfer
of corporate monies and business opportunities to companies
solely owned by the other partner. The total monies misappropriated
were documented at approximately $1.2 million. Rather than
prosecute, the client obtained a resignation and non-compete
agreement from his partner, as well as a full release against
the assets and net worth of the company.
Current Status:
Cambridge Medical Supply now has annual
sales of approximately $7 million and realizes associated
profits in excess of $2 million per year. “Without Bob’s help I would
never have been able to substantiate what I knew was happening.
His complete understanding of how a business works and
the paper trails left behind allowed him to build a case
against my former partner without her knowledge or cooperation.
From the very beginning he always knew what to ask for
and how it fit into the bigger picture. He systematically
digested and distilled volumes of data and was able to
link it all together to provide the ‘smoking gun’ I
needed. Bob was also incredibly supportive at a time when
I was very discouraged. He not only gave me back my company
but more importantly, my peace of mind.”
– Robert Tisdale, President
Cambridge Medical Supply, Inc.
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