We provided assistance to outside counsel on behalf of a special committee of the audit committee of a consumer finance company and leading issuer of subprime auto loans. The scope of our work included a comprehensive forensic analysis and investigation of accounting irregularities and financial reporting errors. We analyzed nearly four years of transactions related to auto loans and reconstructed account positions and financial reports. Top executives of the company eventually admitted to falsifying accounts including delinquencies, uncollectible accounts, and charge-offs, which contributed to inflating earnings in excess of $100 million. These executives were ultimately sentenced and jailed. This event turned out to be part of one of the largest corporate fraud scandals in the subprime lending industry.

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