Forensic CPA in Sacramento, San Jose, Santa Clara & Surrounding Areas

5 things to know about forensic CPA  Forensic Certified Public Accountants (CPAs) play a crucial role in investigating financial discrepancies, fraud, and other financial irregularities. Sugarman Company LLC can help...
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Small Business Accountant in Santa Clara, Fresno, Sacramento & Nearby Cities

5 signs you need a small business accountant  Sugarman Company LLC can help you hire a small business accountant in Santa Clara, San Francisco, Fresno, Sacramento, Santa Rosa, Oakland, CA...
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Benefits of Forensic Accounting in Sacramento and San Jose, CA

Uncovering the evidence of a crime and roving it conclusively in a court of law is the primary responsibility of the investigation team. Most offenders are extremely intelligent and would go to any length to conceal tell-tale signs leading to them. This is true of top-notch business people, government officials, and even corporations with a huge turnover. Simply suspecting wrongdoing is of no use. One has to try to reveal the truth to stop such incidents in the future. This is precisely why most companies seek the help of experienced professionals excelling in white collar crime forensics in Santa Rosa and Oakland, CA.

The term white collar may appear a trifle confusing to the uninitiated, though. It helps to know that a crime committed by educated and skilled people for financial achievement is usually known as a white-collar offense. Such crimes are non-violent, with the evidence being primarily traced back to official records and digital evidence. Law enforcement authorities are highly cautious about approaching such criminals, too. This is because of the power and prestige such high-standing criminals enjoy in society. A single wrong move can also end in punitive measures for the investigator.

It thus makes sense to engage private investigative agencies who work in tandem with the law enforcement authorities initially. Understanding the nature of crime is essential before attempting to uncover evidence. The following may be categorized as white-collar crimes usually:-

· Fraud- Cheating people for her share of money is a fraud. However, offenders use several methods to commit fraud with the sole purpose of robbing people of their wealth and assets. The plot is often done clandestinely, with no signs left behind.

· Ponzi scheme- This is a type of scam related to investments predominantly. The schemes promise investors high returns, thus luring them into them. The money invested is never returned as promised, and the investors incur heavy losses.

· Identity theft and other cyber crimes- Identity theft is rampant across the United States. Additionally, cyber crimes are on the rise, too, with instances of hacking into secured systems being reported almost every day.

· Embezzlement of Funds- Taking money without the company's or the owner's knowledge is called embezzlement. The sum varies from a few dollars to millions, depending on the amount that may have been unguarded. Transferring money to an unknown fund is often reported as completing the investigation process to begin in earnest.

· Money laundering- Converting money obtained from suspect sources and channeling it expertly through various accounts to legitimize the sum is known as the laundering of money. Highly skilled financial experts often do this.

· Espionage- The cloak & dagger stories of yesteryear centered on foreign spies. Espionage is a fact and needs to be exposed properly to protect a country.

Many companies hire professionals skilled in forensic accounting in Sacramento and San Jose, CA. This helps the management to note financial discrepancies and take appropriate action.