Case Studies

business valuation, valuation of a business, certified valuation analyst

Business Valuation – Printing Business

We were retained to assist on a valuation matter involving an owner who was exiting the business. We were required to value the ownership interest pursuant to the operating agreement. We also consulted with the exiting owner on how the valuation would be impacted by changes in the interpretation of the...

Surety – Loan Misappropriations

MDD aided legal counsel in the successful defense of $10,000,000+ of alleged loan misappropriations by analyzing the receipt of approximately 50 condominium net sale proceeds and accounting for the construction costs incurred in erecting the condominium. Ultimately, the alleged diversion of loan proceeds...

Fraud – Financial Services Organization

Our firm was asked to validify a fraud claim by a financial services organization with its main business in consumer, corporate and investment banking, global wealth management, asset management and insurance. The company alleged that one of its employees embezzled funds from over 30 of its customers,...

reported insurance values, reported values claims

Power Generation – Reported Values

A power generation company with multiple locations was going through the renewal of their Insurance policy. During the existing coverage period, their Power Purchase Agreement (PPA) had been renewed with some updated terms. MDD was instructed to analyse and compare the potential maximum loss exposure...

Stock Loss – Spanish Food Manufacturer

MDD was hired by insurers to review the economic damages in relation to a loss of stock that resulted from a warehouse fire at a Spanish food manufacturer. Due to the extent of the fire damage all stock on site was destroyed. In addition, damage to the administration offices meant that all paper records...

Expropriation – School Board

We were retained in a dispute between a real estate developer and an authority and developers group involving claims for business losses resulting from the expropriation of a parcel of land by a school board. The developer was granted an award by the Ontario Municipal Board for the market value of...

Professional Services Forensic Accounting Experts

Employee Fraud – Senior Executive

Our firm was engaged by a law firm to assist their client in the investigation of an alleged employee fraud committed by a senior executive of a company, and to determine the quantum of damages resulting from the alleged fraud. Our role was to identify the payments made to fictitious suppliers and...

fraud accountant, corporate fraud, fraud risk assessments, fraud accountants

Employee Fraud – Charitable Organization

Our firm was hired to calculate losses relating to employee theft that occurred within a large international charitable organization. The procurement manager had set up various fraudulent vendors to which he had awarded large contracts for food delivery and vehicle purchases and had engaged in bid-rigging...

Ponzi Scheme – Bank

Our firm was engaged by a law firm whose client, an insurance company, was being sued by a financial institution with respect to a fidelity insurance policy. A customer of the bank allegedly carried out a $6 billion Ponzi scheme, with the involvement of three senior employees of the bank. The insurer...