CSI Houston—Ernst & Young opens up forensic lab

Fraud investigation and dispute unit to target energy industry financial shenanigans.

Ernst & Young LLP has strengthened its fraud investigation and dispute services (FIDS) practice in Texas and the southwest with several key personnel changes. E&Y’s FIDS leader Brian Loughman observed, ‘We’ve seen a surge in the need for forensic accounting investigations in the energy industry and we are committed to helping our clients address fraud prevention and financial integrity issues.’

The practice targets, inter alia, Ponzi schemes, earnings ‘management’ and manipulation of financial results, infringements to the Foreign Corrupt Practices Act, asset misappropriation and other types of fraudulent activities. Techniques include data analysis and information gathering, corporate compliance and electronic discovery. E&Y’s fraud detection techniques are claimed to improve the effectiveness of corporate compliance programs and to assist clients in the prevention and detection of fraud and other financial malfeasance.

Ryan Pratt heads-up the Houston FIDS practice where Scott Witte has been promoted to director. Dallas-based staffers include Daniel Torpey and Jeff Ferguson who hails from FTI Consulting. Some 80 forensic professionals now serve in the Southwest/energy industry unit.

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