In BVR’s recent webinar, Cryptocurrency Fraud and Forensics: What Valuation Professionals Need to Know, forensic and cryptocurrency experts Katerina Gaebel and Mark DiMichael, both of Citrin Cooperman, covered various hot topics on fraud and forensic accounting issues in digital assets and how they affect the business valuation profession. Here, we summarize five key areas where one would find proof of crypto asset fraud in a marital dispute, including interviews, tax returns, bank accounts, credit card statements, and more. To access the complete session, be sure to check out the webinar recording and transcript.
1. Interviews, depositions, and discovery
One way of finding information on cryptocurrency fraud in a marital dispute is by talking with people through the discovery process. If possible, you might want to interview the target of your investigation because he or she will have a lot of information that may be revealed in an interview. This information could potentially be shared during deposition.
2. Tax returns, bank accounts, and credit card statements
Another area to explore are loan applications and tax returns. If a person is trying to hide assets from you, perhaps in a divorce case, and he or she is not disclosing Bitcoin or cryptocurrency on his or her net worth statement, he or she might record it on a loan application because, obviously, when you are applying for a loan, you want to look the best that you possibly can. Check out the example below.